Bank of Khartoum acquires the shares of Etisalat Group in Canar Telecommunication Company Limited

Bank of Khartoum announces that it has successfully completed the purchase of the shares of Emirates Telecommunications Group Company PJSC ( “Etisalat Group” ) in Canar Telecommunication Company Limited ( ” Canar ” ), the shares which represents 92.3 % of the Company’s ownership have been acquired by the bank after securing all regulatory approvals from the governing authorities.

The integral association between the technological development in the banking sector and its close link with the technology and telecommunications sector in this day and age made this investment a strategic step for the bank. The significance of Canar shares comes for what it represents being a successful investment with great expected potential.

Bank of Khartoum, with a legacy of over 100 years in service and a continuous drive for development and investment in the financial sector aims to further develop Canar ensuring its success and sustainability, and attract investors to secure that continued success and consequently for the benefit and prosperity of the country and the economy.

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