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

Ithmaar Bank raises BBK stake in share swap deal

Posted on 02 December 2008

From Gulf-daily-news.com: Ithmaar Bank yesterday appeared to have won control of BBK in a share swap deal. This will see BBK issue an undisclosed number of new shares to Ithmaar in exchange for a 100 per cent stake in Ithmaar’s Shamil Bank of Bahrain.

Ithmaar said that it was its intention to further strengthen its position as a regional financial powerhouse by offering to increase its stake in BBK….. Full Article: Source

 
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