| 19.08.2009 - Al Salam, Brunei bank sign Makkah tower deal |
| From Tradearabia.com: Bahrain-based Al Salam Bank, a leading Shari’ah compliant institution and Perbadanan Tabung Amanah Islam Brunei (TAIB), a leading Islamic financial institution, have entered into a strategic partnership on Burj Al Safwa Tower in Makkah. Al Salam agreed to sell 50 per cent of its 18 years leasehold interest to TAIB through a 50:50 joint venture. The JV will soon appoint a leading hotel operator to manage the Tower as a five-star hotel..........Full Article: Source |