AMMAN Feb 8 A consortium of Arab and Jordanian
investors led by Arab Bank Chairman Sabih al Masri has bought
Oger's 20 percent stake in Jordan's Arab Bank Group for $1.12
billion, the bank said on Wednesday.
It said the deal to buy the stake from Lebanon's Hariri
family which owns Oger was concluded by the consortium that
includes 40 investors, a majority of them Jordanian.
Masri led negotiations to buy stake after the family of
Saudi Arabia's Fawaz Alhokair dropped a $1.1 billion offer.
The stake is held by Oger Middle East Holding, which is
owned by the family of Lebanese Prime Minister-designate Saad
(Reporting by Suleiman Al-Khalidi; editing by Jason Neely)