Islamic Finance
Mergers & Acquisitions
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Pakistan c.bank blocks sale of Meezan Bank stake, Kuwait's Noor says
Kuwait's Noor Financial Investment Co said the proposed sale of its stake in Karachi-based Meezan Bank had been blocked by Pakistan's central bank, which felt the prospective buyer had not met its standards for suitability. Ownership of Meezan Bank, Pakistan's first and largest full-fledged Islamic lender, may be a sensitive…
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Click here to read the full story: Reuters