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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Shamil-Ithmaar revamp ‘to create bigger bank’

Posted on 27 October 2009

From Tradearabia.com: The comprehensive reorganisation of Bahrain’s leading banks Ithmaar and Shamil will see the two pooling in their resources, expertise and in-house knowhow to create a single, more powerful bank, said a top Shamil Bank official.

Shamil Bank chairman Shaikh Mohamed Abdulla Al Anqari on Monday welcomed the proposed plans for a comprehensive Ithmaar-Shamil reorganisation announced by the Ithmaar Bank chairman last week…………………….Full Article: Source

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