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Article: Albaraka Bank aims to be on JSE before 2011.(Business Report)
- Article from:
- The Star (South Africa)
- Article date:
- June 10, 2009
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BYLINE: Slindile Khanyile
ALBARAKA Bank was keen to list on the JSE and would probably do so by the end of next year, Adnan Ahmed Yousif, the chairman of the only fully fledged Islamic bank in South Africa, said yesterday.
This would increase the company's visibility, attract new customers and grow capital for expansion programmes.
Yousif said that by becoming a public firm, it would become more active in the economy. Al Baraka Banking Group (ABG), the parent company, is listed in Jordan, Bahrain, Egypt and Sudan.
"Listing is on our agenda because it will give us a very good diversity of shareholders and prestige.
"We also ...