Saudi British Bank (SABB), an affiliate of HSBC Holdings, has completed a SR1.5 billion ($400 million) capital-boosting sukuk issue, it said on Wednesday.
The Islamic bond has a lifespan of seven years, with a clause allowing the
Saudi Hollandi Bank, the eighth-largest listed lender in the kingdom, plans to boost its capital by 20 per cent through a bonus share issue next year.
The bank, which said on Sunday completed a SR2.5 billion ($666.6 million) sukuk
Manama has been chosen as next year's capital of Asian tourism.
Senior government officials from 33 countries in South East Asia have endorsed the move to promote Bahrain as a tourism hub, said a report in the Gulf Daily News
Tadhamon Capital, a Bahrain-based Islamic investment company, has completed the acquisition of a mixed-use student development valued at more than £100 million ($161.9 million) in London.
The Paul Street development, its sec
Islamic financial institutions will require an increase in capital if they have advantage of growth opportunities, said Central Bank of Bahrain Governor Rasheed Al Maraj.
He was speaking at the opening session of the Accounting an
Venture Capital Bank, a Bahrain-based Islamic investment bank, has reported a net profit of $2.5 million for the quarter ended September 30, as compared to $2 million for the same period last year.
Its total revenues has continued
Waha Capital, an Abu Dhabi-based investment firm, posted a near fourfold increase in its third-quarter profit as income from its portfolio companies increased sharply.
Waha posted a quarterly profit of 107.1 million dirhams ($29.2
Shareholders of Citadel Capital, a leading investment company in Africa and the Middle East, approved the launch of an EGP3.64 billion ($526.9 million) share issuance to increase the capital at an extraordinary general meeting held recently in C
The largest Saudi lender by assets, National Commercial Bank (NCB), plans to issue Islamic bonds worth about SR4 billion ($1.1 billion), the bank's chairman said, part of a wave of bank capital raising in the kingdom.
Barclays has completed its £5.8 billion ($9.4 billion) fundraising to meet a capital shortfall identified by its regulator, after almost 95 per cent of the British bank's investors stumped up more cash.