Tuesday 24 April 2018
 
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Bahrain Middle East Bank partners with ICIEC

Bahrain Middle East Bank (BMB) has partnered with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of Jeddah-based IDB Group, to consolidate its trade financing activities. Bahrain Middle

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Bahraini firm eyes BMB stake

Bahraini firm AN Investment (ANI) is seeking to acquire up to 33.1 per cent of shares in Bahrain Middle East Bank (BMB), an investment bank listed on Bahrain Bourse (BHB), via an open offer to shareholders, reported the Gulf Daily News,

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BMB distributes $.06m to investors

Bahrain Middle East Bank (BMB) said it has distributed more than half a million dollars to its private equity fund investors in the fourth quarter of 2011 despite a tough market environment globally. With this, the aggregate distributed by

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BMB first half income up 150pc, hits $6m

Bahrain Middle East Bank (BMB) has recorded an income of $6 million in the first half of 2011 against $2.4 million in the same period last year, marking a 150 per cent increase. The bank is continuing its journey to position itself as

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Sukuk sales 'may hit $46bn in 2011'

The global Islamic bond market could see issues of close to $46 billion in 2011 as investor confidence returns and new issuers emerge in the growing Islamic finance industry, BMB Islamic's chief executive said.     Wit

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BMB's net profit tops $4m for H1

Bahrain Middle East Bank (BMB) bounced back into the black in the first half of the year with a net profit of $4.1 million compared with a loss of $19.7 million in the first six months of 2009. Fair value reserves stood at $6 million, up f

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BMB appoints new CEO

BMB Investment Bank has appointed Akbar Ali Habib as the bank’s new chief executive officer. Habib, an Omani national, brings with him a wealth of banking and financial services experience. A business graduate from the US, Habib’

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BMB net income surges to $4.4m

BMB Investment Bank (BMB) earned a net income of $4.4 million in the first quarter of this year. It was 344.4 per cent up from $1 million in the first quarter of last year. This robust performance results from a 175.3 per cent increase in

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BMB to increase capital by $75m

BMB Investment Bank (BMB) has announced plans to increase its paid-up capital by $75 million which the bank plans to raise through a rights offering and private placement later this year.  At the ordinary general meeting held on Satu

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BMB set to repay $75m loan early

BMB Investment Bank will repay the outstanding balance of $28.5 million on its $75 million syndicated loan on Friday, four months ahead of schedule. The bank had to extend this loan when it faced a credit squeeze in 2002 but chief executiv

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