BSB Takeover Offer Extended

DUBAI: Bahrain's Al Salam Bank has extended its takeover offer for Bahraini Saudi Bank (BSB) to July 12 after buying 80.2 per cent of the bank in an offer that expired June 28, Al Salam said yesterday. Al Salam offered to pay BD27 million ($71.62m) to take over BSB. The acquisition is one of the fir...

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