Bahrain News Agency | BMI Bank and Al Salam Bk-Bahrain Set to Merge:
"Bahraini retail lender BMI said its board members have reached an agreement with Al Salam Bank-Bahrain, a dynamic, diversified and differentiated Islamic bank, to merge the two entities through a share swap deal.
The proposed merger will result in the group becoming the fourth largest commercial bank in Bahrain, according to a joint statement issued by both banks.
Announcing the decision on Sunday, the Bahraini banks said as per the new agreement 11 ASBB shares will be swapped in exchange for each BMI Bank share. "
'via Blog this'
No comments:
Post a Comment