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From Gulf-times.com: The QNB Group has completed the acquisition of a majority stake in Indonesia-based Bank Kesawan following a rights issue.
QNB and Bank Kesawan had signed a ‘letter of intent’ in September last year, making QNB the ‘standby buyer’ for the rights issue, which received regulatory approval in December……………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Market Moves more
QNB eyes global growth with Indonesia bank buy
| Posted on 15 February 2011 |
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