trending Market Intelligence /marketintelligence/en/news-insights/trending/xo2k5Ojv6XmkPUE_0ohfmw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

National Bank of Bahrain closes takeover offer for Bahrain Islamic Bank

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

National Bank of Bahrain closes takeover offer for Bahrain Islamic Bank

National Bank of Bahrain BSC's offer to acquire up to 100% of Bahrain Islamic Bank BSC's issued and paid-up ordinary shares has become unconditional and is accepted after remaining conditions were met, marking the offer's close.

NBB offered to acquire the shares either for 117 fils per share or through a share exchange at a ratio of 0.167 NBB share per BISB share. Shareholders owning 47.24% of BISB's shares accepted the cash offer, while investors holding 2.51% opted for the share exchange offer.

Settlement of the offer will take place Jan. 22, after which NBB will increase its stake in BISB to 78.81% from 29.06%.

Following the deal, NBB intends to maintain BISB as a separate subsidiary and boost efforts to expand the bank's product offering, adding that it expects the transaction to result in asset, revenue, cost and other operational synergies beneficial for both lenders.

As of Jan. 16, US$1 was equivalent to 377 Bahraini fils.