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Al Baraka to raise $800m
- Bahrain: Thursday, November 10 - 2005 at 07:36
Bahrain-based Al Baraka Banking Group hopes to raise up to $800m through an IPO and subsequent Islamic bond issues, CEO Adnan Yousef told Reuters. The IPO is due to be completed by Q1 2006 and is expected to raise about $500m-$600m, followed by public listings in Bahrain, as well as in Dubai and Malaysia.
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James McInerney, News EditorThursday, November 10 - 2005 at 07:36 UAE local time (GMT+4)
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This article was updated on Wed May 10 2006.
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