02.08.2010 - Will IBB benefit from QIIB capital injection?
From Arabnews.com: The twenty million pound lifeline thrown by Qatar International Islamic Bank (QIIB) to the Islamic Bank of Britain (IBB) at the end of July through a private placement of 20,000,000 new ordinary shares at a price of 1 pence per share will give IBB some breathing space, but whether it addresses the bank's fundamental shortcomings must remain a moot point. To what extent IBB benefits from this capital injection from one of its founding shareholders is also open to question..............................................Full Article: Source
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