Byline: Mahmood Rafique
MANAMA: Ithmaar Bank BSC, a Bahrain-based investment bank with a global reach, has acquired 25.38 percent stake in the Bank of Bahrain and Kuwait (BBK) and became a major shareholder in the bank.
Together Ithmaar Bank and Global Investment House (Global), headquartered in Kuwait and a listed company on Bahrain bourse, bought 15.47 million shares of BBK worth 11 million Bahraini dinars.
The transactions were part of a formula agreed earlier between Ithmaar Bank and Global aimed at …
No comments:
Post a Comment