GIB/SIB Merger Completed
Gulf International Bank (GIB) announced on 27 April that themerger with Saudi International Bank (SIB) had been legally completed.According to a statement by the bank, the merger was finalized following theissue of a Bahraini Amiri Decree to amend GIB痴 constitution and an increase inthe bank痴 paid up capital to $1bn. The shareholder structure of the bank isnow as follows: Gulf Investment Corporation (GIC) 72.5%; Saudi Arabian Monetary...
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