Saturday, April 28, 2012

INDONESIA - BANKING - Muamalat : Boubyan to sell part of its stake

blogs.mubashir.info - Boubyan Bank to sell part of its stake: Boubyan Bank has signed a contract to sell part of its ~25% stake in Bank Muamalat Indonesia for KWD9.6mn. The bank expects to gain KWD5.7mn from this sale, which it plans to use to create additional allocations and to strengthen its financial position. (Zawya) (source)
Source: http://blogs.mubasher.info/sites/default/files/NCBC%20Closing%20Bell_26April2012.pdf  - April 26, 2012

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