11.03.2013 - NBB and company acquire controlling stake in BisB
National Bank of Bahrain (NBB) and Social Insurance Organisation Asset Management Company (SIOAM) yesterday announced that they were taking a controlling stake in Bahrain Islamic Bank (BisB). The two financial institutions said they had agreed terms with The Investment Dar (TID) of Kuwait to purchase its and associated companies' shareholding of 51.6 per cent in BisB. The shares are to be purchased by NBB and SIOAM at 72 fils per share which gives BisB a value of around BD70 million...............................................Full Article: Source
Print