GOSI To Beef Up Bahrain Investment Bank
The director-general of the Bahrain's General Organization of Social Insurance (GOSI),said last week that he is intending to recapitalize an existing offshore bank, BahrainInvestment Bank, and to convert into it into the largest domestic bank on the island.Shaikh Isa bin Ibrahim al-Khalifa said in an interview with Akhbar al-Khalij thatthe new bank would be capitalized at a massive BD500mn ($1.3bn) and would act as...
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