QIB inks sales & purchase deal with MBSB

 07 Nov 2017 - 3:17

The Peninsula

Qatar Islamic Bank (QIB) has signed a sales and purchase agreement with Malaysia Building Society Bhd (MBSB) to sell its full stake of 60 percent in the Asian Finance Bank, its affiliate in Malaysia.
The sale process is expected to be consummated within a period of six months from date of the sales and purchase agreement, QIB said in a regulatory filing to Qatar Stock Exchange (QSE), yesterday.