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Islamic Finance Briefing - Categorized | Banking, Finance more

Shamil ‘has minor Saudi exposures’

Posted on 24 July 2009

From Tradearabia.com: Shamil Bank, a unit of Bahrain-based Islamic lender Ithmaar, has minor exposures to troubled Saudi groups Saad and Ahmad Hamad Algosaibi and Brothers (AHAB), it said in a statement on Thursday.

“Shamil Bank has a minor exposure, representing an almost negligible percentage of our assets, to Saudi-based Saad and Algosaibi groups”, chief executive Faisal Alalwan was cited in the statement………..Full Article: Source

 
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