Qatar out of Bank Muamalat stake sale say sourcesAttempts 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 More… |
Top owners eye 51pc sale in Bank MuamalatTop 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 More… |
Al Baraka sees Malaysian bank deal by 2011Bahraini 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 More… |