The lender has provided Bahrain Islamic Bank (BisB) with a non-binding notice of the potential interest.
The National Bank of Bahrain (NBB) has announced that it is considering making a potential voluntary offer for the issued shares of Bahrain Islamic Bank (BisB).
In a bourse filing, the bank stated that the potential voluntary offer is subject to satisfactory conclusion of its diligence investigations, internal pricing assessment and approval from the board and shareholders.
In a separate statement, BisB stated that it has received a non-binding notification from NBB considering a potential voluntary acquisition for the offered shares.
The duo said that no formal documents have been signed and no material terms agreed.