A combination of local business persons and UAE-based firms have bought a 38.91 percent stake in Sidian Bank, edging out Centum from majority control of the tier-III lender.
Filings from the Companies Registry list Abcon International LLC, Parkview Investments Limited and Medillon Trading FZE, all based in the United Arab Emirates, as shareholders of Pioneer General Insurance Limited which takes a 20 percent stake in the bank.
