BisB chairman Abdul Razak Al Qassim, 3rd from left, with
board members and top executives at the meeting
BisB approves capital reduction plan
MANAMA, October 28, 2015
Bahrain Islamic Bank (BisB) shareholders has approved reduction in the bank’s issued and paid-up capital to write off accumulated losses. The extraordinary general meeting at the bank’s headquarters in Al Salam Tower, Diplomatic Area, saw quorum of 82.44 per cent, said a report in the Gulf Daily News (GDN), our sister publication.
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