A group bought 35% of Moseley, Hallgarten.
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A consortium led by two former officers of London-based Al-Mal Group Arab investment banking firm paid about $12 million for the stake in Mosely, Hallgarten, Estabrook & Weeden Holding Corp. of New York. The company’s main subsidiary, Mosely, Hallgarten, Estabrook & Weeden Inc., is a securities firm with membership on the NYSE. The two investors, Hikmat Nashashibi and Omar Kassem, will become vice chairman and executive vice president, respectively.
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