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Islamic bank Kuveyt Turk’s IPO postponed – sources

Fri Feb 1, 2008 2:34am EST

ISTANBUL, Feb 1 (Reuters) – An initial public offering for Turkey-based Islamic lender Kuveyt Turk has been postponed due to market conditions, two sources familiar with the deal told Reuters on Friday.

No new date has been set for the 18 percent offering of Turkey’s third largest Islamic lender, which is majority-owned by Kuwait Finance House (KFIN.KW: Quote, Profile, Research). (Reporting by Emma Ross-Thomas)

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