The share sale and purchase agreement in connection with the transaction was signed on March 31 this year between Lesha Bank, as purchaser, and Kazakhstan-based Baiterek National Management Holding JSC, as seller.
“The transaction was completed on October 8, 2024. The agreed purchase price for the acquisition is 65bn Kazakh Tenge, which corresponds to $134,899,552 based on the exchange rate at the time of completion,” Lesha Bank said on Tuesday.
Bereke Bank is a multipurpose bank, offering services to both individuals and businesses across Kazakhstan. With a BB stable financial rating and a network of 18 branches, it plays a key role in the Kazakh banking landscape.
Mohammed Ismail al-Emadi, CEO, Lesha Bank, commented, “This acquisition marks a strategic step in strengthening our investment portfolio and reinforces the collaborative ties between our countries. It aligns with our long-term vision of fostering cross-border opportunities and expanding in international markets.”
Lesha Bank is the first independent Shariah-compliant Bank authorised by the Qatar Financial Centre Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange.
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