A registered SEC broker-dealer and FINRA/SIPC member, IIB
focuses on providing back office solutions for boutique investment banking firms nationally.
Subject to the terms of the IIB
merger agreement, IIB
stockholders will receive 0.5 First Interstate class A common shares per IIB
share, or approximately 3.87m First Interstate shares in aggregate.
Incorporated in the Kingdom of Bahrain in October 2003, IIB
is an Islamic wholesale bank that has been involved in investments worth more than US$3 billion since its inception.
acting chief executive Fareed Bader added: "We are pleased to have concluded the aircraft transaction which builds upon IIB
's successful track record in this sector.
Results from the pivotal Phase IIb
trial are expected in the December quarter of 2018.
This is the first program being undertaken by the IIB
and Slovak Republic's Technical Assistance Fund.
What the new guidelines say is that you can take IIB
"ARTES was our first investment in Tunisia and in the automotive industry," said IIB
Chief Executive Officer, Subhi Benkhadra.
"Although we still regularly look at real estate deals brought to us by our global network of relationships, we are increasingly thinking outside the box at sectors and concepts which offer the opportunity for innovation, value addition, diversified risk, and superior risk adjusted returns for our shareholders and investors," said Subhi Benkhadra, chief executive officer of IIB
The company expects to report completion of recruitment by mid-2014 and 12-week topline data from the Phase IIb
programme in the fourth quarter of 2014.
KSA owns an equity stake in Ewn Global Residential Company -- EGRC, a leading real estate development company in the Kingdom of Saudi Arabia.