Masraf Al Rayan takes over Islamic Bank of Britain

Masraf Al Rayan declared the completion of the deal with the Qatar International Islamic Bank.

Masraf Al Rayan takes over Islamic Bank of Britain

World Bulletin / News Desk

Qatar's largest non-interest based bank, Masraf Al Rayan, announced on Thursday that it had completed its take over of the Islamic Bank of Britain (IBB) from the Qatar International Islamic Bank.

Without disclosing the terms of the acquisition, Masraf Al Rayan said that 95% of IBB's share capital investors had approved of the sale, along with the British regulator.

The Qatar International Islamic Bank had been in talks with Masraf Al Rayan over the deal since mid-2012.

Last Mod: 16 Ocak 2014, 12:21
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