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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory, Market Moves more

EGIB-Al Baraka merger approved

Posted on 29 July 2010

From Nation.com.pk: Emirates Global Islamic Bank shareholders at an Extra Ordinary General Meeting (EOGM) held Tuesday, approved the plan to merge with Al Baraka Islamic Bank BSC.
Al Baraka Islamic Bank BSC (Bahrain), a wholly owned subsidiary of Al Baraka Banking Group (ABG) (Bahrain), and Emirates Global Islamic Bank have announced their intention to merge the branches of Al Baraka Islamic Bank in Pakistan and Emirates Global Islamic Bank limited for the first merger in the Islamic Banking Sector in Pakistan……………………………………….Full Article: Source

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