Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Khaleeji Commercial May Sell Stake in QInvest, Acting CEO Says

Khaleeji Commercial Bank BSC said it would sell its 4 percent stake in Qatari investment bank QInvest LLC if the Bahraini lender is offered an “appropriate price.”

“It is an asset we would be willing to sell,” Silvan Varghese, acting chief executive officer, said by phone from Manama, Bahrain today. “We don’t have a management role in QInvest and like any other investor if we get a good price, we would sell.”

Khaleeji Commercial shareholder Gulf Finance House BSC is seeking buyers for a 4 percent stake in QInvest, The National newspaper reported today, citing an unidentified person familiar with the matter.

“So far we don’t have any interest from a buyer,” said Varghese, who is also the bank’s chief operating officer. “We are not in a hurry to sell” and any decision would be taken by the bank’s board, he said.

QInvest said last month it plans to set up a joint investment company with EFG-Hermes Holding SAE, Egypt’s biggest publicly traded investment bank, in which it will hold a 60 percent stake.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.