National Real Estate Development Company SAOG (MSM:NRED) is looking to sell 54% stake in Ruskobank Ltd. National Real Estate decided to sell the stake because the local division of the central bank did not agree with its plans regarding the development of the lender's business, Kommersant reported. National Real Estate is looking for a buyer for its 54% stake in Ruskobank, which it purchased just two months ago, Kommersant reported June 3, 2016. The decision to sell has been taken because the local division of the central bank did not agree with the new shareholder's plans regarding the development of the lender's business, a market source told the newspaper. Another source said the new owners wanted to use the bank to get loans, pledging agricultural land as collateral.