Wednesday 10 February 2016
Khaleeji Commercial

Bahrain's Khaleeji Commercial 'open to Alkhair merger'

Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail bank, has completed due diligence on a proposed merger with another Bahraini lender Bank Alkhair, said a report. KHCB shareholders were told yesterday by chairman Dr


New CEO for Khaleeji Commercial

Khaleeji Commercial Bank (KHCB), one of the leading Islamic commercial banks in Bahrain, has appointed Khalil Ismaeel Al Meer as the bank’s new chief executive officer.   Al Meer comes to KHCB with extensiv


KHCB's H1 profit tops $2.7 million

Bahrain-based Khaleeji Commercial Bank (KHCB) posted a net profit of BD1.02 million ($2.7 million) for the first half of the year compared with BD7.12 million during the same period last year. The bank's commercial banking business con


GFH eyes $250m asset sale

Gulf Finance House (GFH) plans to raise $250 million through asset sales this quarter, and has made lay-offs to cut costs, its acting CEO said. Ted Pretty told the Reuters Islamic Banking and Finance summit in Manama that the troubled inve

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