Bahrain’s Esterad Investment has issued a non-binding Letter of Intent (LoI) to acquire up to 100 percent of the share capital of Shariah-compliant investment bank Venture Capital Bank BSC.
The investment company said in a statement to the Bahrain Bourse that the letter had been issued on November 29th.
The bourse will be notified of any relevant developments, the company said.
(Writing by Imogen Lillywhite; editing by Daniel Luiz)
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