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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory, Market Moves more

Al Salam gets BSB shareholders’ nod for takeover

Posted on 08 July 2009

From Tradearabia.com: Al Salam Bank-Bahrain (ASBB) has succeeded in securing acceptances from 90.4 per cent of Baharain Saudi Bank (BSB) shareholders for the bank’s takeover, a senior bank official said on Tuesday.

The share holders possess 451,789,210 shares representing 90.4 per cent of the issued and paid up ordinary share capital of BSB, a senior official said……..Full Article: Source

 
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