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Islamic bank signs major GCC deals
- Middle East: Monday, May 19 - 2008 at 16:46
The Islamic Bank of Asia, which is co-owned by DBS Bank and 34 investors from families and industrial groups in the GCC, signed 20 cross-border capital transactions worth more than $500m in its first year. To coincide with completing its first year of business, it has also opened an office in Bahrain, giving easier access to shareholders and Gulf customers and said it has done $200m of deals in the first quarter of 2008.
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StaffMonday, May 19 - 2008 at 16:46 UAE local time (GMT+4)
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