Albaraka Banking Group has identified targets for acquisition in Indonesia and expects to complete a purchase there in the first quarter of 2011, Chief Executive Officer Adnan Yousif said.
The group has also identified targets for acquisitions in Malaysia, Yousif said in an interview today at an economic conference in Kuwait.
The group expects its assets in 2010 to be at $15 billion, while net income is expected to be better than 2009, he said, without giving specific details.(*)
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