A long-touted $3 billion Islamic megabank is more likely to be established in Bahrain although a final decision has not yet been made, the chief executive of Al Baraka Bank , who also serves as an advisor for the project, said on Tuesday.
Adnan Ahmed Yousif said discussions are still on about whether the bank will be domiciled in Bahrain or Qatar and no dates have been finalised to launch the entity.
'While the location of the bank is still under discussion, in all probability it will be based in Bahrain,' Yousif said in an email to Reuters on Tuesday.
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