Home

QIIB agrees to buy IBB

Fri, 2011-03-18 16:47 — newsdesk

Qatar International Islamic Bank (QIIB) has agreed to buy full control of the Islamic Bank of Britain (IBB) as part of QIIB’s plans to develop an international banking business compliant with Shariah laws.
QIIB is offering one pence a share, representing a discount of 70 percent to IBB’s closing share price of 3.38 pence on March 15.

Source: 

http://arabnews.com/economy/article320675.ece