Monday 26, May 2008 by Mike Gallagher
Ithmaar Bank increases share of BBK
Ithmaar Bank has been cleared by the Central Bank of Bahrain to acquire an additional 6.77 per cent of Bank of Bahrain and Kuwait’s shares, bringing its total stake in the bank to 26.42 per cent. It paid $326 million for the original share in February of this year which it bought from Commercial Bank of Kuwait.
