Bahrain Islamic Bank Welcomes its new Strategic Shareholders

10-March-2013

Bahrain Islamic Bank (BisB) welcomed the success of the transaction where 51.6% of its shares, which are owned by The Investment Dar (TID) - Kuwait,have been bought by National Bank of Bahrain and Social Insurance Organization (SIO) - Bahrain by 25.8% each. These two entities have a strong market recognition and entertain full respect in the Banking and financial circles in Bahrain.

Bahrain Islamic Bank (BisB) confirmed that this is to be considered one of the major strategic acquisitions occurring in Bahrain, taking into consideration its size, and assert that it will contribute greatly to support the Bank's growth the enhancement of shareholders' representation. The Bank now looks towards rebounding to profitability and growth in a short time.

The Bank would also like to thank all Governmental agencies which helped bring this transaction to success.