MANAMA: Bank of Bahrain and Kuwait (BBK)’s acquisition of Ithmaar Bank has moved ahead with both companies reporting the appointment of advisers.
In a filing to Bahrain Bourse yesterday, Ithmaar Holding, the parent of Ithmaar Bank, said it is currently in the process of appointing advisers for the proposed deal, whereas BBK made a disclosure to shareholders on Tuesday (Oct 13) that the appointment of a financial adviser was in the works .