12.06.2012 - Bahrain banks propose historic three-way merger
Kuwait Finance House - Bahrain (KFH-Bahrain), the Transaction Advisor to Capivest, Elaf Bank and Capital Management House on a potential merger, said that the three Bahrain-based Islamic banks will be voting on the merger in shareholder meetings to be held by the end of the month. If approved, the newly created entity will have a shareholders' equity of almost $350 million and assets in excess of $400 million, which would give them a scale that would make them more competitive in the market. The transaction is the first three way merger to take place in the Kingdom of Bahrain...............................................Full Article: Source
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