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Bahrain's Al Baraka eyes Saudi market through acquisition

25 August 2010

Bahrain's Al Baraka has announced plans to enter the Saudi market through an acquisition, Reuters has reported. The Islamic lender did not disclose the name of the Saudi company it is planning to buy, saying it would disclose further details upon gaining official approval. "The group is in the process of obtaining approval from Saudi authorities to enter the kingdom this year through acquiring one of the companies operating in the Saudi market," the lender said in a statement.

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