Attempts by Gulf shareholders to sell a majority stake sale in Indonesian Islamic lender PT Bank Muamalat have hit a snag after frontrunner Qatar Islamic Bank pulled out of the bidding process, sources said.
Top shareholders of Indonesia's
Top shareholders of Indonesia's PT Bank Muamalat aim to sell at least 51 per cent of the unlisted Islamic lender, in a deal that may be worth about $300 million, sources with knowledge of the plans said.
Bank Muamalat confirmed the sale pr
Bahraini Islamic lender Al Baraka expects to buy a stake in Malaysian Bank Muamalat by year-end, its chief executive said on Tuesday, as it seeks growth outside of its home market.
'There is a correspondence between us and them. We hav