Kuwait-based Bank of Kuwait and Middle East (BKME) announced that it plans to become Islamic. BKME Bank is fully owned by Bahrain-based Ahli United Bank (AUB) which acquired in 2001 a 48 per cent stake in BKME, before increasing its share to 75 per cent in 2005. Eventually the government of Kuweit gave up its share in the bank, which subsequently became fully owned by Ahli United Bank.
Le Journal RIBH 