23.02.2010 - Gulf investors to set up $1 bln S.Africa bank

From Maktoob.com: Investors from Kuwait and other Gulf states plan to set up in South Africa an Islamic investment bank with a capital of about $1 billion, Kuwait's Al Anbaa newspaper reported Monday, citing the investors' legal advisor. The investors, who weren't named, plan to approach the South African authorities next week to present an official application to create the bank, said Saad Al Rayyes, the paper reported...........................Full Article: Source

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