Bahrain-based Al Baraka Banking Group said its Turkish subsidiary, Al Baraka Turk Participation Bank, had concluded a syndicated Sharia-compliant Murabaha financing, raising $196 million and 175.5m euros ($236.7 million).
A consortium of leading banks from the Middle East have announced the successful closure of a $430 million equivalent dual-currency syndicated Murabaha financing facility for AlBaraka Turk, the Turkish subsidiary of the Bahrain-based Islamic len
AlBaraka Turk, the Turkish subsidiary of Bahrain-headquartered Islamic lender AlBaraka Bank , has mandated banks to arrange a $250 million syndicated loan, the company said in a statement on Monday.
The sharia-compliant, dual-curr
Turkish Islamic lender Albaraka Turk has priced its initial public offering at 4.1 lira a share, at the top of an initial range, valuing the bank at around $840 million, it said.
Domestic demand for the IPO was 60.4 times the shares on off
Turkish Islamic lender Albaraka Turk expects to raise $150-170 million from its initial public offering of just over 20 per cent of the bank, General Manager Adnan Buyukdeniz said.
Bids for the IPO are being collected between today and Fri