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Al Salam gets BSB shareholder approval
- Bahrain: Thursday, July 09 - 2009 at 09:34
Bahrain-based Islamic lender Al Salam Bank has said that it has received approval from 90.4% of Bahraini Saudi Bank shareholders for a proposal to merge, Bloomberg has reported. Al Salam's offer to Bahrain Saudi shareholders is open until July 12, after which it will start issuing allotment letters for the new shares to Bahrain Saudi shareholders who have accepted and submitted their requests for share transfer.
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