Albaraka to accomplish acquisition of Bank Kesawan

The Koran Tempo Daily-October 24, 2008 Albaraka Banking Group would accomplish the acquisition process of Bank Kesawan about 51-70% in November 2008. Previously, President and CEO of Albaraka, Adnan Ahmed Yousif stated that his company is ready to acquire two or three small banks in Indonesia worth US$50-100 million and would open 30 branch offices entire Indonesia that focus on retail financing and international trade, mostly for Middle East countries.