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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Al Baraka, Emirates Global Islamic merge Pakistan operations

Posted on 26 April 2010

From Reuters: Bahrain-based Islamic lender Al Baraka BARKA.BH said on Sunday it would merge the Pakistani operations of one of its units with Emirates Global Islamic Bank, creating a bank with assets of $582 million.
Al Baraka said in a statement the merger of Al Baraka Islamic Bank’s Pakistani operations with Emirates Global Islamic Bank was part of its strategy to expand in Pakistan, but did not disclose any financial details of the merger transaction…………………………………..Full Article: Source

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