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KFH-Bahrain closes 3-way Islamic bank mergerKuwait Finance House-Bahrain (KFH-Bahrain) has announced the closing of the first ever merger between three Bahrain-based Islamic banks, Elaf Bank, Capital Management House and Capivest. The merger created a strengthened financial More… |
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Elaf Saudi hotels win ISO certificationElaf group, a leading tourism and hospitality group in Saudi Arabia, said its two hotels - Elaf Al Huda and Elaf Taiba in Al Madina - have obtained the ISO certification for food safety management systems. &n More… |
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Elaf to accommodate 6,000 Haj pilgrimsElaf Group of Companies for Travel, Tourism and Hotels has signed a strategic contract to accommodate 6,000 pilgrims from Egypt during the 1433 Haj season at the Elaf Al Multaqa Hotel in Makkah. Headed by the group’s preside More… |
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Bahrain’s top banks to vote on 3-way mergerBahrain-based Islamic banks Capivest, Elaf Bank and Capital Management House will vote on a proposed three-way merger in shareholder meetings to be held by the end of June. The transaction is the first three-way merger to take pl More… |
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Elaf completes Malaysia funding facilityBahrain's Elaf Bank said it has concluded an funding facility for Malaysian company Serba Dinamik to help finance a five-year contract awarded by Petronas Carigali. Serba is a major provider of integrated and specialised engineering a More… |
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Elaf deploys Sermon’s ERP solutionsElaf Medical Supplies, a leading Jordanian medical supplies provider, signed a bilateral agreement with Sermon Business Solutions, for deploying its Enterprise Resource Planning (ERP) solution. Sermon’s ERP solution aims at assisting the c More… |
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Elaf eyes Malaysian sharia banking licenceBahrain's Elaf Bank has applied for a Malaysian Islamic banking licence after securing six financing deals worth about $1.4 billion in the country and Indonesia, its chief executive said on Wednesday. The licence would e More… |
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Elaf chief honoured for Makkah driveThe president of Elaf Group of companies for travel, tourism and hotels, was recently honoured for its contribution to a Makkah beautification initiative. Sheikh Ziad Bin Mahfouz received the award from Saudi Arabia’s Prince Khalid Al Fais More… |
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Elaf alerts against flu virusThe Elaf Group of Companies, a leading Saudi Arabian travel and tourism company, recently conducted a seminar outlining precautions to be taken against the AH1N1 virus in preparation for the upcoming period of Hajj and Umrah. Participants More… |
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Elaf to manage Red Sea hotelElaf Group of Companies, a leading company in the Saudi Arabian travel, tourism and hotel industry, has won the contract to manage a five-star hotel at the Red Sea Mall in Jeddah. The group plans to invest SR72 million ($19.4 million) into More… |
