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

Albaraka Bank Syria $38 mln IPO on Sun

Posted on 02 October 2009

From Maktoob.com: The Syrian market regulator Thursday called on investors to participate at the 1.75 billion Syrian pounds ($38 million) initial public offering of Albaraka Bank Syria that will run from Sunday to Nov. 4.

The IPO will represent 35% of the bank’s capital which will total SYP5 billion after the share sale, the remaining 65% have already been fully-subscribed by the founders that include Bahrain’s shariah-compliant Albaraka Banking Group, Emirates Islamic Bank, and the Kuwait Syrian Holding Co., in addition to Syrian, Jordanian and Saudi individual investors………………Full Article: Source

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