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Benefit fully acquires Sinnad

Bahrain Business
Tue, 05 Dec 2017


MANAMA: Benefit, which handles the country’s electronic fund transfers and ATM transactions, has acquired its joint venture partner Network International’s stake in Sinnad, a Bahraini company. A statement said by acquiring all the shares of Sinnad making it a fully-owned subsidiary, Benefit will look to position it as a full-fledged outsourcing business to financial and non-financial organisations.

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