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Islamic Bank of Britain extends deadline for takeover

Thu, 2012-12-20 15:32 — newsdesk

The deadline for final takeover offer of Islamic Bank of Britain (IBB) from Masraf Al Rayan has been prolonged to January 7. Islamic Bank of Britain that is owned by Qatar International Islamic Bank struggles to turn into profit since 2004. Management of the bank hopes that selling of the major stake to Masraf will help bank in renationalisation if its operations.

Source: 

http://www.cpifinancial.net/news/post/17605/islamic-bank-of-britain-exte...