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|Function/Grade||Alokozay Group acquiring Afghanistan's Brac Bank|
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Apr 27, 2011 The Dubai conglomerate Alokozay Group is in the final stages of acquiring Afghanistan's Brac Bank as it seeks to take a major step into the financial sector. Jalil Alokozay, the chief executive of Alokozay Group, confirmed the transaction but declined to comment about the details, saying only that he saw "great potential" in the Afghan banking sector. Najia Sherzad, the treasury manager of Brac Bank, said yesterday details of Alokozay's acquisition of the bank were "confidential".Any deal would be announced after the Alokozay Group was given authorisation to buy the bank, she said.