The Amanah Islamic Investment Bank of the Philippines concluded its 16th General Stockholders Meeting last Sunday, June 3, 2007 at the Islamic Bank Alkhairi Mosque in Manila. Among other things, the meeting confirmed, approved and ratified the Memorandum of Agreement between Kampac Oil Middle East and the Amanah Islamic Bank.
Kampac Oil signed the Agreement last May 15, 2007 after some due diligence work. The due diligence covers legal and political background check on the Amanah Islamic Bank.
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