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Ithmaar Bank buys 25% BBK stake
- Bahrain: Sunday, August 10 - 2008 at 09:04
Ithmaar Bank has acquired 25.38% stake in the Bank of Bahrain and Kuwait (BBK), and became a major shareholder in the bank, Arab News has reported. Ithmaar Bank and Global Investment House bought 15.47 million shares of BBK worth BD11m. The transactions were part of a formula agreed earlier between Ithmaar Bank and Global aimed at balancing out their shareholding stakes in the BBK.
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Medilyn Manibo, Assistant News EditorSunday, August 10 - 2008 at 09:04 UAE local time (GMT+4)
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