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Al Salam Bank snatches stake in Saudi education company

The Bahrain All-Share Index declined by 0.11% to 1,183.59 points on Wednesday. Al Salam Bank–Bahrain lost 2.15% to BD0.091. Earlier in the day, the Islamic bank said it acquired an equity stake in the Education Experts Company for Education & Training, one of the fastest growing education companies in the Kingdom of Saudi Arabia. Mr. Abdullah bin Mansour Al Qahtani, Chairman of the Education Experts Company expressed pleasure in partnering with the Bank, saying that "we endeavor, with Allah's guidance, to position the Company as the most trustworthy and professional expert centre in planning and implementing education and training projects in the Gulf and the Middle East."