No. 14



National Bank of Sharjah Approves Stake For Kuwait Finance House And Turns Islamic

The National Bank of Sharjah announced on 20 March that it is to become an Islamic financial institution operating on Islamic Shari'a principles as of the end of April following an agreement reached among shareholders at the annual general meeting held in Sharjah the previous day. The shareholders also agreed to raise the banks paid-up capital by 20% to Dh349.8mn ($95.2mn) to be...