Mubasher: Bahrain’s Khaleeji Commercial Bank (KHCB) said on Tuesday that Emirates Islamic Bank (EIB) sold 200,000 shares of its stake to the Bahraini lender at 66 fils each, totalling BHD 13,200.

Accordingly, EIB’s stake in the Bahraini bank reached 8.7%.

KHCB’s net earnings for the first half of 2015 reached BHD 4.4 million ($11.5 million), compared with BHD 1.6 million ($4.2 million) in the same period a year ago.

The Bahrain-based bank operates with BHD 115.4 million in capital, divided into 1.154 billion shares at a par value of BHD 0.1 each.