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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Bahrain banks propose historic three-way merger to shareholders

Posted on 14 June 2012

Kuwait Finance House – Bahrain (KFH-Bahrain), the Transaction Advisor to Capivest, Elaf Bank and Capital Management House on a potential merger, said today that the three Islamic banks based in the Kingdom of Bahrain will be voting on the merger in shareholder meetings to be held by the end of the month.
If approved, the newly created entity will have a shareholders’ equity of almost $350m and assets in excess of $400m, which would give them a scale that would make them more competitive in the market. The transaction is the first three way merger to take place in the Kingdom of Bahrain………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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