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Trust Re raises capital, eyes expansionBahrain-based Trust International Insurance and Reinsurance Company (Trust Re) has increased its paid-up capital to $140 million and authorised capital to $200 million, a report said. The move was announced during a Press conferen More… |
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Saudi Blominvest wins approval for capital hikeSaudi Blominvest, a part of Lebanese banking group Blom, has won approval from the kingdom's capital market regulator to boost its capital to SR145 million ($38.6 million) from SR100 million, said a report. The company provide More… |
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Islamic Development Bank triples capitalIslamic Development Bank , which provides financing and loans in Muslim countries, has more than tripled its authorised capital to $150 billion to better support development projects in its 56 mem More… |
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Doha Bank may sell bonds to raise capitalQatar's Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive said. The Gulf Arab state's fifth-largest lender More… |
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Noor Islamic posts $20.5m net profit for 2012Dubai-based Noor Islamic Bank delivered a strong performance in 2012 that has translated into a rise in profits of Dh26.4 million ($7.18 million) to Dh75.5 million ($20.54 million), year-on-year. Based on the significant progress More… |
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SABB net profit surges 11pc in Q1Saudi British Bank (SABB), an associated company of the HSBC Group, has registered a net profit of SR948 million ($252.7 million) for the first quarter, up 11 per cent compared to SR854 million last year. The Saudi bank posted an More… |
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KFH wins approval for 20pc capital hikeShareholders in Kuwait Finance House (KFH), the country's largest Islamic lender, have agreed to a 20 per cent capital hike, the company said on Monday. KFH had said last year that the bank plans to increase its capital to boo More… |
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Al Meera eyes capital boost through rights issueQatar-based consumer goods company Al Meera, the franchise for French retailer Casino's Geant hypermarkets in Qatar and Oman, aims to double its capital base from QR100 million to QR200 million ($27.4 million to 54.8 million) through i More… |
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ME 'attractive destination for capital'The Middle East region's demographics continue to make it an attractive destination for capital, according to a leading independent specialist investor in global private markets. In an exclusive interview with the Gulf Daily N More… |
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Bank Muscat gets $195m equity investment from IFCBank Muscat agreed on an equity investment worth 75.1 million rials ($195.1 million) from the International Finance Corp, it said on Wednesday, a move which will bolster the capital base of Oman's largest lender. More… |
