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FIIB buys stake in home improvement supplier.(Bahrain)(First Islamic Investment Bank)(Brief Article)
First Islamic Investment Bank (FIIB) announced on 20 October that it had acquired a substantial stake in France's VGC SA (Vogica) for an undisclosed sum. The deal to acquire the kitchen and bathroom retailer and distributor was arranged by Bank of Ireland and represents First Islamic's first European corporate transaction. "All three of our business lines--real estate, asset-based and corporate investment--are now generating diverse opportunities in Europe," said FIIB chief executive officer Atif Abdulmalik. "We have now completed transactions worth in excess ...
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