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Islamic Finance Briefing - Categorized | Banking, Investment, Market Moves more

Kuwait’s KFH U-turn on Bahrain Islamic deal

Posted on 26 May 2009

From Maktoob.com: Kuwait Finance House (KFH), has halted talks to acquire Investment Dar’s 40 percent stake in Bahrain Islamic Bank, the lender said on Monday.

“We had an earlier study (about acquiring Dar’s stake) from a long time, but it stopped … and this option is not part of KFH-Bahrain’s plans these days,” Abdul-Hakeem al-Khayyat, the chief executive of KFH’s Bahrain unit, said in a statement…….Full Article: Source

 
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