Bahrain Islamic Bank B.S.C. : National Bank of Bahrain BSC (NBB) and Social Insurance Organization (SIO) study the acquisition of shares in BisB from The Investment Dar (TID)

National Bank of Bahrain B.S.C. (NBB) and Social Insurance Organization (SIO) are each in preliminary discussions with The Investment Dar Company (TID), Kuwait in relation to a potential acquisition of holdings of shares in Bahrain Islamic Bank B.S.C. (BisB).

Such acquisitions of shares in BisB by NBB and SIO from TID will be subject to completion of diligence investigations, obtaining all requisite regulatory consents and approvals, agreement on terms between the various parties and approvals from their respective boards of directors.

It is worth noting that BisB has been established in the year 1979 and it is the first Islamic Bank in Bahrain which is owned by a number of large financial and governmental institutions, and some individuals and companies.