| 01.10.2009 - Sharjah Islamic Bank loaned $15.1 mln to Algosaibi |
| From Bloomberg: Sharjah Islamic Bank, a lender complying with Muslim banking rules in the United Arab Emirates, is owed 55.4 million dirhams ($15.1 million) by Saudi Arabia’s Algosaibi group. Sharjah Islamic has already taken provisions of up to 50 percent of that amount, the Sharjah-based bank said in a statement to the Abu Dhabi bourse today....................Full Article: Source |