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LoginLesha Bank to Acquire 51% Interest in Sharaka Education Holdings
Doha, May 07 (QNA) - Lesha Bank LLC (Public) announced the proposed acquisition by its subsidiary LB for Educational Services WLL (a company registered with the Ministry of Commerce and Industry) of 51% of the issued share capital of Sharaka Education Holdings WLL, a Qatari company engaged in the education sector and operating a number of outstanding schools in Qatar.
The acquisition is at a price of QAR 192,483,746, the bank said in a statement published on Qatar Stock Exchange website.
Subject to the satisfaction or waiver (if applicable) of the relevant conditions precedent, including obtaining the necessary regulatory approvals and consents, the acquisition is expected to complete in Q2 2026. (QNA)
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