Kuwait – Mubasher: The Central Bank of Bahrain (CBB) has granted approval for Ithmaar Bank, which is listed on both Boursa Kuwait and Bahrain Bourse, to complete all the procedures required for converting the bank to be a holding company.
Ithmaar Holding will be subject to the supervision of CBB, and will stay listed on both of the stock markets, according to a bourse filing issued on Tuesday.
The holding company aims to keep 100% of the assets owned by Ithmaar Bank through two subsidiaries; the retail-Islamic Ithmaar Bank and IP Capital.
