Qatari bank set to buy ailing UK lender IBB
It seems that Qatar's Masraf Al Rayan is in talks to become the biggest shareholder in Islamic Bank of Britain (IBB).
The bank stated that Masraf Al Rayan will access 70% of the bank and the government of the state of Qatar will have the remaining 30%.
The bank noted that it would also get hold on "two major share portions of two Qatari companies operating in the industry of maintenance of oil and gas fields", subject to approval from authorities.
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