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Palestine Telecommunications invests 5% in The National Bank of Iraq’s capital

2013-12-23

Palestine Telecommunications PALTEL announced signing an agreement with The Capital Bank of Jordan to purchase around 5% of the bank’s stake in The National Bank of Iraq after completing increasing the capital of the Iraqi Bank. This comes within PALTEL’s plan to expand its investments especially after increasing its stake in PADICO Holding. On the other hand, PALTEL’s chairman noted that the Iraqi market is subject to positive and optimistic growth with growing opportunities.