Islamic Finance
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NBB offer to acquire Bahrain Islamic Bank receives required minimum threshold of BISB shareholders acceptances
An official announcement has been made that the National bank of Bahrain offer to acquire Bahrain Islamic Bank is now unconditional as to acceptances after 47.64% of Bahrain Islamic Bank shareholders have accepted the offer. Therefore, the condition of 70% ownership by NBB of the issued share capital of BISB…
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Source: National bank of Bahrain and Bahrain Islamic Bank