Housing and Development Bank studies splitting bank's stock

Updated 2/16/2017 10:05:47 AM

ArabFinance: The Housing and Development Bank (HDB) (HDBK) announced that its Board of Directors was convened on February 15.

The Board initially approved to start a study on splitting the bank's stock to real estate activity company and banking activity company.

The Board will review the study results, after hiring Financial advisor as well as legal advisor, in order to set the above-mentioned study.