National Bank of Bahrain offer to acquire Bahrain Islamic Bank receives the required minimum threshold of BISB shareholders acceptances and is now unconditional as to acceptances

An official announcement has been made that the National bank of Bahrain (NBB) offer to acquire Bahrain Islamic Bank (BISB) is now unconditional as to acceptances after 47.64% of Bahrain Islamic Bank shareholders have accepted the offer. Therefore, the condition of 70% ownership by NBB of the issued share capital of BISB has been met as confirmed by SICO the Issue Execution Advisor, Receiving Agent and Allotment Agent.

On December 31, 2019 acceptances by BISB shareholders of the NBB offer reached a total of 47.64% of the issued share capital of BISB exceeding the 40.94% minimum acquisition condition and thereby rendering the offer unconditional as to acceptances by BISB shareholders.

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