Tagged: First Leasing Bank

Ithmaar and First Leasing Bank complete merger

Ithmaar and First Leasing Bank complete merger

Ithmaar Bank has formally concluded a merger with First Leasing Bank (FLB), which involved a swap of four Ithmaar Bank shares for each FLB share. The merger enhances Ithmaar’s capital base as well as its capital adequacy ratios. It also improves Ithmaa…