The SANAD Fund has announced that it has exceeded the 20% threshold in the capital of Hannibal Lease Company, having acquired (directly) 4.4% of the lessor’s capital.
It should be noted that the SANAD Fund for Micro, Small and Medium Enterprises (MSMEs) provides private debt and equity financing to eligible partner institutions in the Middle East, North Africa and Sub-Saharan Africa to support growth and job creation in the region’s MSME sector.
On the other hand, United Gulf Bank (UGB), a commercial bank based in Manama, Bahrain, announced that it has sold its entire 11.15% shareholding in Hannibal Lease Company.
