Al Baraka Banking Group (ABG) announced on December 26, 2022 that it had agreed to sell its 43.65% stake in Bank Al-Tamweel Wa Al-Inma (BTI) to Bank of Africa, the majority shareholder of the participatory bank launched on December 27, 2017. The Bahraini is thus withdrawing from the Moroccan market following 5 years of activity. The transaction, which involves all of its shares, has received the approval of the Central Bank of Bahrain, Al Baraka Group said in a statement. It remains, all the same, subject to Moroccan regulatory approvals. The group also announced that it is withdrawing from
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