Bank Al Khair, a Bahrain-based investment bank, expects its potential merger with local player Khaleeji Commercial Bank to help provide it with retail banking exposure and more stable revenues, ...

Firm expects to complete acquisition in first quarter of 2017 and is at advanced stage of exploring merger with another Bahraini lender ...

Currently, the largest shareholders in Burj Bank are Bahrain’s Bank Al Khair with a 37.9% stake and the Jeddah-based Islamic Corporation for the Development of Private Sector, which holds 33.9%.

Founded in 2004, Bank Al Khair is an Islamic bank with total assets of $580.5 million as of March 2016, according to Thomson Reuters data. GFH has assets of $2.70 billion (Dh9.9 billion), the data ...

Banking & Finance > Bahrain’s GFH closes in on Bank Al Khair acquisition. By Reuters. Tue 6 Dec 2016 Sat 13 Nov 2021. SHARE. FB LN TW MAIL LN LN More of this topic. Jobs UAE jobs: AI-powered ...

A merger would create an entity with paid-up capital of about $500 million and assets in the range of $600 million to $1 billion, Jonathan Holley, Bank Al Khair’s acting chief executive and head ...