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Al Faisal Holding buys 86% stake in Banif Bank


DOHA Al Faisal Holding group has stepped up its efforts to invest in Malta after its acquisition of 86 percent stake in Banif Bank (Malta). Chief Officer Corporate Services at Banif Bank Malta, Andrian Coppini, said the total capital of the bank is $40 million and the group is planning to increase it by targeting high net worth individuals from GCC and Middle East because of the attractive features the region offers. The remaining 14 percent of Banif Bank's shares are held equally by four Maltese shareholders. page 17

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