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Bahrain's Ithmaar bank seals merger, increases capital
- Bahrain: Sunday, February 24 - 2013 at 15:18
The Bahrain All-Share Index closed unchanged at 1,102.78 points. Islamic bank Ithmaar was not traded, the last price was $0.175. Earlier in the day, Ithmaar said it has completed the merger with its Bahrain-based associates First Leasing Bank. The merger increased Ithmaar's issued and paid-up capital by $56.7m to $758m after the lender issued 226.7 shares to all. Ithmaar said in its statement to shareholders and the public further that Ithmaar shares increased 160% in 2012.
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Gérard Al-Fil, Financial JournalistSunday, February 24 - 2013 at 15:18 UAE local time (GMT+4)
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