Bank of Bahrain and Kuwait acquisition of Ithmaar takes a step forward
The Bank of Bahrain and Kuwait's acquisition of Ithmaar has taken a step forward.
BBK said in a bourse filing on Tuesday (Oct 13) that it is in the process of appointing a financial advisor.
The two parties signed a memorandum of understanding on Sep 14 on the potential acquisition by BBK of Ithmaar's Bahrain operations and specific assets of its subsidiary IB Capital.
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