BRIEF-Reyal Urbis says did not reach required majority to approve insolvency agreement
* SAYS DID NOT REACH REQUIRED MAJORITY TO APPROVE INSOLVENCY AGREEMENT Source text for Eikon: Further company coverage: (Gdynia Newsroom)
DUBAI Jan 5 Qatar International Islamic Bank (QIIB), the Gulf state's third-largest listed Islamic bank by assets, said on Thursday it had received approval to open a bank in Morocco with local lender Credit Immobilier et Hotelier (CIH).
QIIB said in a bourse statement that it was working with CIH Bank to meet requirements and obtain necessary regulatory approvals in Qatar and Morocco.
Morocco's central bank approved five requests to open Islamic banks in the country, including a CIH Bank proposal, on Jan. 3. (Reporting by Alexander Cornwell; Editing by Andrew Torchia)
* Forestar board of directors determines unsolicited proposal from d.r. Horton constitutes a “superior proposal”
* Anticipated that group will record a substantial loss for year ended 31 March 2017