BIA acquires Fajr Capital shares in BIBD

The Brunei Investment Agency (BIA) has reached an agreement with Fajr Capital Ltd to acquire its 29.73 per cent stake in Bank Islam Brunei Darussalam Berhad (BIBD). Since becoming a shareholder of BIBD in 2010, Fajr Capital Ltd has been an active partner in the stellar transformation of BIBD into an award-winning bank with regional presence and global repute. More details in Wednesday’s Borneo Bulletin.