A Qatari firm to buy 78% stake in Malta’s Bank

08 Oct 2016

(MENAFN) A Qatari investment group has reportedly acquired a 78.46% stake in Banif Bank Malta.

According to media in Malta, Al Faisal International Trade and Investment said they hopes that it would be first of many financial services investments in Europe.

Chairman Sheikh Faisal Bin Qassim Al Thani, was quoted as saying that Malta was chosen because it is developing at a fast pace and is well positioned in surrounding markets.

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