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Global Investment House said that its stake in Bank of Bahrain and Kuwait (BBK) has reached 15.43 per cent. This investment came after obtaining the required approvals from the Central Bank of Bahrain to increase Global's stake in the bank.
The acquisition of a major stake in BBK is in line with Global's investment strategy based on geographic expansion into leading financial institutions. This investment is a good opportunity for integration between Global experience and leadership in investment and BBK.
Global's chairperson and managing director Maha K Al Ghunaim said that Global and BBK will benefit from their vast expertise in the investment and banking sectors to push forward the bank's expansion in the Middle East and North Africa region.
