On 6 March 2026, Lesha Bank announced the proposed acquisition by its wholly owned subsidiary LAC 10 LLC (a Qatar Financial Centre company) of the entire issued share capital of Amedeo Air Four Plus Limited (“AA4+”), an aircraft leasing company incorporated in Guernsey and listed on the London Stock Exchange.
The acquisition is at a price of 73 pence per AA4+ share, which implies an equity value of AA4+ of approximately GBP 190 million (equivalent to QAR 926 Million at the current exchange rate), and is intended to be implemented by way of a court sanctioned Guernsey scheme of arrangement.
Subject to the satisfaction or waiver (if applicable) of the relevant conditions precedent, including obtaining the necessary approvals from the AA4+ shareholders and the receipt of UAE competition clearance, the acquisition is expected to complete in Q3 2026.
