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Middle Eastern banks make formal offer for Fimbank
Fimbank, the Malta-headquartered trade finance bank, has formally received a joint offer by Burgan Bank SAK and United Gulf Bank BSC, according to an announcement on the Malta Stock Exchange. The offer provides for “a comprehensive approach culminating in a rights issue to increase the bank’s capital”. Burgan and UGB…
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Click here to read the full story: Times of Malta