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Estithmar subsidiary buys 49% stake in Syria’s Shahba Bank

By CityCalc Newsroom · Wed May 06 2026 · Source: AGBI

A subsidiary of Qatar-listed Estithmar Holding has acquired a 49 percent stake in Syria’s Shahba Bank, formerly known as Byblos Bank Syria, marking the first foreign banking acquisition since the US lifted sanctions on Syria late last year. The stake, acquired by Masaref Holding…

A subsidiary of Qatar-listed Estithmar Holding has acquired a 49 percent stake in Syria’s Shahba Bank, formerly known as Byblos Bank Syria, marking the first foreign banking acquisition since the US lifted sanctions on Syria late last year. The stake, acquired by Masaref Holding…

Curated by CityCalc from AGBI. Read the full article at the source.

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