"Portland...has authorised Al Tamdeen Investment Co to sell 15m shares as a minimum of the total shares it owns in Ahli United Bank, which are about 30m shares, for a price of at least $1.10 per share," Portland said in a statement on the Kuwaiti bourse website on Thursday.
The firm said it would make a profit of about KWD3.29m (US$11.4m) if it sells at least half of its stake in the lender.
