Al Baraka Banking Group, a leading Islamic lender based in Bahrain, has announced plans to distribute dividends worth $69.3 million including cash and stock to the shareholders for 2012.
The stock dividends amounting to $33.8 mill
Bahrain-based Al Baraka Banking Group said its Turkish subsidiary has concluded a record Islamic finance deal in Turkey worth $450 million with the participation of a group of major international banks.
Thirty-two banks from 16 co
Bahrain-based Al Baraka Banking Group's Egyptian subsidiary has signed a contract with the World Bank to finance around 4,400 projects in Egypt.
The deal is worth 200 million Egyptian pounds ($33 million) and is divided equall
Bahrain-based Islamic lender Al Baraka Banking Group posted a 7 per cent increase in first-quarter net income, the bank said in a statement on Wednesday.
The bank, which has operations in 15 countries includi
Jordan Islamic Bank (JIB), part of the Al Baraka Banking Group, achieved net profit before tax of $55.99 million last year when compared to $57.40 million in 2010.
The bank said its net profits after tax reached $39.92 million for 2011. Th
Al Baraka Banking Group (ABG) has announced the distribution of $175.36 million to shareholders, representing cash and stock dividends for the financial year 2011, approved by the AGM.
The bank said the cash dividends of $30.43 million equ
Bahraini Islamic lender Al Baraka Banking Group aims for 15 per cent growth in net profit this year and plans to buy a 75 per cent stake in an unlisted Indonesian bank as part of its global expansion plan.
Al Baraka Banking Group (ABG), a leading international Islamic financial group, has become a registered user of Bait Al Bursa, the Islamic finance division of Bahrain Financial Exchange (BFX).
The first multi-asset exchange in the Mena reg
Al Baraka Banking Group achieved a net income of $166 million in the first nine months of this year, up 13 per cent over the same period last year.
Total operating income rose 15 per cent to $535 million.
After deducting all opera
Bahrain-based Al Baraka Banking Group (ABG) has acquired 60 per cent of the issued shares of Saudi's Al Tawfeek Financial Group through its subsidiary in the kingdom, Al Baraka Islamic Bank.
Al Tawfeek Financial Group Company is a clos