Browse related articlesNew Islamic bank plans Q4 launch
Saudi Arabia: Wednesday, April 30 - 2008 at 08:28
A new Islamic bank, Imaar International Bank, plans to start operations in Saudi Arabia in the fourth quarter once it raises funds for its $11bn paid-up capital, reported Reuters. The Bahrain-based venture is led by Saudi businessman Sheikh Saleh Kamel. Imaar Bank expects to complete raising funds from private, government-owned and public investors by the end of July.
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Jeff Florian, Senior ReporterWednesday, April 30 - 2008 at 08:28 UAE local time (GMT+4)
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