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Al Baraka Syria unit IPO opens

Posted on 05 October 2009

From Tradearabia.com: Bahrain-based Al Baraka Banking Group will launch a $100 million initial public offer (IPO) for its Syrian unit today.

Group president and chief executive Adnan Yousif said that the launching of Al Baraka Bank Syria with a capital of $100 million reflects our full confidence in our abilities and financial position to proceed with the implementation of the plans to expand our geographical network through the setting up of new banking units and the opening of more branches for the existing units………………Full Article: Source

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