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Kanoo Ventures, the investment arm of Yusuf bin Ahmed Kanoo Group, said yesterday it partnered with Singapore-based Whampoa Group to invest in Singapore Gulf Bank (SGB), a newly-launched digital bank in Bahrain.
The deal, signed by Nabeel Kanoo, chairman of Kanoo Ventures, and Shawn Chan, group chief executive of Whampoa Group, aims to solidify SGB’s position in the Middle East and North Africa (Mena) region .
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