From Gulfnews.com: Emirates Islamic Bank, Kuwait Syrian Holding, and two Saudi investors from the Al Rajhi family have obtained Syrian government approval to partner with Bahrain-based Albaraka Banking Group to set up Al Baraka Bank-Syria.

The bank plans to sell 35 per cent of its shares valued at $35 million (Dh128.57 million) in an initial public offering in Syria, said Amir Assassa, a founding member of Albaraka Bank-Syria….. Full Article: Source