12.06.2012 - Bahraini islamic banks to vote on merger

Bahraini islamic banks Capivest, Elaf Bank and Capital Management House are set to vote on a potential three-way merger later this month. Kuwait Finance House-Bahrain, acting as transaction advisor, said the vote would take place at shareholder meetings to be held by the end of June. If approved, the newly created entity will have a shareholders' equity of almost $350m and assets in excess of $400m, a statement said...............................................Full Article: Source

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