Acquisitions Module News Today

Steven Brown and Rahul Sud, ASAR – Al Ruwayeh & Partners

March 16 2021 The trend of consolidation continues to dominate the business scene in Bahrains financial industry. This has been led by the completion of the public takeover offers of Bahrain Islamic Bank by the National Bank of Bahrain and further announcements relating to the acquisition of Ithmaar Bank by the Bank of Bahrain and Kuwait (BBK), as well as an auction of the closely held Bahrain AXA insurance firm. BBKs acquisition would bear similarities to the Bahrain Is...