Bahrain’s Capivest BSC, Elaf Bank BSC and Capital Management House BSC will hold shareholder meetings this month to vote on a merger of the three Islamic financial institutions, the transaction adviser said.
The merger, expected to be completed in the second half of 2012, will create an institution with a shareholders’ equity of almost $350 million and assets of more than $400 million, Kuwait Finance House (KFIN) Bahrain BSC said in an e-mailed statement today. The new company will have a “more competitive” edge, the statement said………………………………………..Full Article: Source