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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

Bank Muamalat’s major shareholders drop stake sale plan

Posted on 19 July 2011

Major shareholders of Indonesia’s second-largest Shari’ah lender, Bank Muamalat, have decided to postpone a plan to sell down their stake in the bank, in part due to a disagreement over pricing, according to an unnamed bank executive.
Muamalat’s top three shareholders, Islamic Development Bank, Boubyan Bank Kuwait and Saudi Arabia’s Atwill Holdings, who collectively control 75.7 per cent of the bank, were trying to offload some of their holdings……………………………………….Full Article: Source

 
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