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Ithmaar revamp plan gets CBB nod

Posted on 29 March 2010

From Tradearabia.com: Ithmaar Bank is set to implement plans for a comprehensive reorganisation with its wholly-owned subsidiary, Shamil Bank after receiving verbal approval from Central Bank of Bahrain (CBB), said a top official.

Ithmaar Bank chairman Prince Amr Mohammed Al Faisal told shareholders on Sunday that the bank had received verbal approval to proceed with its reorganisation plans, and that formal, written approval will follow shortly……………………………….Full Article: Source

 
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