IslamicFinance.de

The Savings Deposit Insurance Fund (TMSF) decided to extend the deadline for the preliminary qualification to offer bids in the sale of Bank Asya. Al-Rajhi Bank, Bank Al-Jazeera (BAJ), Al-Bilad Bank and Alinma Bank are the possible banks that asked for the one-week extension of the deadline from June 10 to June 17 to prepare the documents. According to Moody's, in the case that Bank Asya is sold to a well-known bank and strengthens its financial strength, it will be in a better condition to pay its debts to its creditors.