Al Salam Bank has announced the acquisition of a majority stake in Al Salam Bank Algeria (ASBA), increasing its shareholding from 37.43% to 53.13%, following the purchase of shares from various shareholders.
Bahrain's Al Salam Bank acquires majority stake in Algeria bank zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Bahrain-based Islamic bank Al Salam said it has acquired a majority stake in its Algerian subsidiary - Al Salam Bank Algeria (ASBA), by raising its shareholding from 37.43% to 53.13%, following the purchase of shares from various shareholders.
Bahrain-based Islamic bank Al Salam said it has acquired a majority stake in its Algerian subsidiary - Al Salam Bank Algeria (ASBA), by raising its shareholding from 37.43% to 53.13%, following the purchase of shares from various shareholders.