Financial and Banking News
Albaraka International Bank Yields to Pressure for New Shareholders
London-based Albaraka International Bank (AIB) confirmed in a press releasedated 3 March that it had been holding discussions with the Bank of England witha view to broadening its ownership. The bank is currently owned by holdingcompanies controlled by Saudi businessman Salih Kamil and his family. Theycontrol the Jiddah-based Dallah-Albaraka Group of...