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FRANSABANK continues to pursue its strategy which aims at consolidating its presence in some emerging Arab markets in line with its attempt to develop and strengthen its regional and international banking and financial relations. In this context, FRANSABANK announced its participation in the establishment of a new bank in Sudan named “Capital Bank” which has recently obtained a license from the Central Bank of Sudan to operate in the beginning of 2006. Capital Bank, an Islamic investment bank, will operate with a capital of 6.5 billion Sudanese Dinar (equivalent to USD 26.32 million). Besides FRANSABANK, leading Arabic and Islamic financial, investment, and trade institutions will participate as shareholders in this Bank including: AREF Investment Group, International Leasing and Investment Company, Watheeqa Investment Company, Faihaa National Trading Company, AL MALIYA for Investment & Development, and Capital Holding. Capital Bank will offer a large set of Islamic banking products and services mainly Islamic funding in its different forms like Moudaraba, Mousharaka, Mourabaha, Ijara, Salam, etc. This is in addition to project finance and SMEs finance.
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