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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Investment more

Bourse halts Global’s sale of Al Salam stake

Posted on 12 June 2009

From Tradearabia.com: Bahrain’s Stock Exchange said on Thursday it halted Kuwait-based Global Investment House’s sale of a 14 percent stake in Bahrain’s Al Salam Bank due to a dispute with an investor.

‘As about 162,000,000 shares from Al Salam Bank’s shares owned by Global Investment House are currently a matter of a legal dispute with an investor at Bahrain’s courts, it has been decreed according to article 1 to halt the sale process,’ the exchange said in a statement……..Full Article: Source

 
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