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Nov. 17 (Bloomberg) — Crescent Commercial Bank Ltd., a Pakistani lender, said a "premier'’ Saudi Arabian institution plans to invest 6 billion rupees ($98.7 million) in the company. The bank’s board of directors approved the investment, it said in a statement to the Karachi Stock Exchange today, without naming the institution. “The investment is subject to the appropriate regulatory approvals and execution of a definitive agreement,'’ the firm said in the statement.
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