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

Global may sell Al Salam stake

Posted on 03 June 2009

From Gulf-daily-news.com: Kuwait’s Global Investment House plans to sell its stake in Bahrain-based Islamic lender Al Salam Bank, offloading assets following a debt default earlier this year.

The bank said in regulatory filings yesterday it aimed to sell the 14.1 per cent stake in Al Salam by June 9 and would book profits in the second quarter…….Full Article: Source

 
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