04.02.2010 - Capinnova's paid-up capital increases to $151.5m after taking 50pct stake in Sakana
From Ameinfo.com: Capinnova Investment Bank, the Shari'a compliant investment banking arm and fully owned subsidiary of BBK, has acquired 50% stake in Sakana Holistic Housing Solutions. Bahrain based Sakana was earlier a 50:50 joint venture between BBK and Shamil Bank. BBK took the decision to transfer the ownership of Sakana to Capinnova to strengthen and diversify the bank's investments in the Islamic financial sector while complying with the principles of Islamic law...........................................Full Article: Source
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