08.01.2013 - Bahrain Islamic banks merger completed
The merger of three Bahrain-based Islamic banks has been completed to create a new financial institution with total equity of about $340m, it was announced on Monday. KFH-Bahrain, which acted as transaction and lead advisor to the deal, said the new entity would also have assets totalling more than $400m spanning the Middle East and North Africa, Europe and Asia. Capivest, Elaf Bank and Capital Management House were given the green light to merge after the extraordinary general meetings of the three banks approved the deal last year...............................................Full Article: Source
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