Boubyan Bank completed the acquisition of BLME for $158m.

Boubyan Bank, a Kuwait Islamic bank, completed the acquisition of Bank of London and The Middle East, an independent UK wholesale Sharia’a compliant bank and the largest Islamic bank in Europe, for $158m. "We would like to note that no firm or binding offer has been made and therefore there can be no certainty at this stage that an offer will ultimately be made for BLME," Boubyan Bank.