Thursday, 11 August 2011

CAPITAL MARKETS - Market Review Albaraka Turk

Albaraka Banking Group (BARKA) BSC: The Turkish unit of Bahrain’s biggest publicly traded Islamic lender, Albaraka Turk Katilim Bankasi AS (ALBRK), plans to raise $240 million from a syndicated Murabahah facility this quarter to be used for expansion. The shares dropped 1.7 percent to $1.15, when they last traded on Aug. 8. (source)