The Company believes the transaction, if completed on the terms contemplated, will complement First Interstate's footprint, which it successfully expanded from the Mountain West to the Pacific Northwest with the completion of the BOTC
acquisition in May 2017, and will provide First Interstate with a presence in several high-growth markets, including Spokane, Washington, Portland, Oregon and Coeur d'Alene, Idaho.
, founded in 1994 by the Bin Omran Group is one of Qatar's leading contracting companies (A-grade).
The duo said the deal involved structuring, negotiating and acquiring a 50 per cent stake from exiting shareholders in BOTC
and simultaneously selling the stake to a new investor, Hectar Real Estate Investment (Hectar).
"People are changing their travel dates, while some are cancelling bookings," said an adviser at BOTC
In view of the theme: Seizing growth and investment opportunities in expanding markets, Botswana Trade Commission (BOTC
) chief executive officer, Mr Mphoeng Tamasiga said it recognised the pivotal role private sectors played as the engine for economic growth, prosperity and job creation.
The company's total assets remained stable quarter over the linked-quarter and increased USD3.149bn, or 34.70 percent, to USD12.213bn as of December 31, 2017, from USD9.064bn as of December 31, 2016, primarily due to the BOTC
The increase in net interest income from the prior quarter was attributable to the full quarter impact of BOTC
In other group C match, Mowasalat picked up a 4-0 win over BOTC
. Braces in the first half from midfielder Abderrehmane and striker Alexander, ensured an easy days work for the Mowasalat team.
has completed projects worth QR 1.5 billion over the last five years.