Jakarta. Major shareholders of Bank Muamalat, Indonesia's second largest shariah lender, have decided to postpone a plan to sell down their stake in the bank, partly due to disagreement over pricing, said a bank executive on Monday.
Muamalat's top three shareholders - Islamic Development Bank, Boubyan Bank Kuwait , and Saudi Arabia's Atwill Holdings Ltd - collectively control 75.7 percent of the lender and were trying to offload some or all of their holdings. (source)
Muamalat's top three shareholders - Islamic Development Bank, Boubyan Bank Kuwait , and Saudi Arabia's Atwill Holdings Ltd - collectively control 75.7 percent of the lender and were trying to offload some or all of their holdings. (source)
Sources told Reuters earlier this month that Qatar Islamic Bank had pulled out of the bidding, leaving Standard Chartered Plc as the sole remaining bidder.
Reuters
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