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Islamic Finance Briefing - Categorized | Banking, Market Moves more

KFH-Bahrain advising banks on mega merger

Posted on 13 September 2011

Kuwait Finance House - Bahrain (KFH-Bahrain) is advising three local Islamic investment banks that are looking to merge. Managing director and chief executive officer Abdulhakeem Alkhayyat said that when the three banks merged they would create a new entity with a capital of $400 million and assets of $500m which would give them a scale which would make them more competitive in the market.
He declined to name the banks but said an announcement about the merger would likely be made in the near future……………………………………….Full Article: Source

 
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