Sat, May 18, 2013
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Market Moves more

Saudi IDB buys 40 pct of Albania bank for $8 mln

Posted on 31 March 2009

From Reuters: Saudi-based Islamic Development Bank raised its stake in the small United Bank of Albania to 55 percent after buying a 40 percent stake for 8 million dollars, the finance ministry said on Monday.

Finance Minister Ridvan Bode said Albania was happy to have received three million dollars more than when it offered it for sale in 2006. The United Bank of Albania, formerly the Islamic-Albanian Bank, received a licence in 1999…..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
May 2013
M T W T F S S
« Apr    
 12345
6789101112
13141516171819
20212223242526
2728293031