From Tradearabia.com: The Central Bank of Bahrain (CBB) has taken control of banks belonging to two Saudi groups in the latest escalation in one of the largest financial scandals the Gulf region has seen.

The central bank said it has assumed control of Awal Bank, owned by Saad Group and The International Banking Corporation (TIBC), which is owned by Ahmad Hamad Algosaibi and Brothers (AHAB)……….Full Article: Source