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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Bahraini islamic banks to vote on merger

Posted on 12 June 2012

Bahraini islamic banks Capivest, Elaf Bank and Capital Management House are set to vote on a potential three-way merger later this month. Kuwait Finance House-Bahrain, acting as transaction advisor, said the vote would take place at shareholder meetings to be held by the end of June.
If approved, the newly created entity will have a shareholders’ equity of almost $350m and assets in excess of $400m, a statement said………………………………………..Full Article: Source

 
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