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Islamic Finance Briefing - Categorized | Banking, Investment more

Barwa makes First Finance stake offer

Posted on 05 February 2010

From Ameinfo.com: Barwa Bank, a unit of Qatar’s Barwa Real Estate, has made an offer to acquire a stake in First Finance Co, in a bid to secure a foothold in Qatar’s banking sector.
The lender said it will issue 1.54 shares for every share in the Shariah-compliant investment firm to acquire at least 75% and up to 100% stake. First Finance Co received a takeover offer from Barwa in May last year and said then that it had initially accepted…………………………………Full Article: Source

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