The bank’s chief executive, Yahya Alyahya, tells Euromoney the new structure will be announced in the next two months.
Shareholders of GIB, which are the six governments of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE), bought $4.8 billion of international securities from the bank, including its entire CDO and ABS portfolio in late March.
“The shareholders have agreed on a reallocation of shares between those who do not participate in the purchase and those who do,” says Alyahya.
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