02.12.2008 - Ithmaar Bank raises BBK stake in share swap deal
From Gulf-daily-news.com: Ithmaar Bank yesterday appeared to have won control of BBK in a share swap deal. This will see BBK issue an undisclosed number of new shares to Ithmaar in exchange for a 100 per cent stake in Ithmaar's Shamil Bank of Bahrain. Ithmaar said that it was its intention to further strengthen its position as a regional financial powerhouse by offering to increase its stake in BBK..... Full Article: Source