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QIB signs a sales agreement to sell its stake in AFB

QIB signs a sales agreement to sell its stake in AFB

06/11/2017, Doha,Qatar

Qatar Islamic Bank (QIB) has signed a sales and purchase agreement with Malaysia Building Society Bhd (MBSB) to sell its full stake of 60% 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.

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