Monday 28 July 2014
 
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Unicorn

Unicorn changes name to Bank Alkhair

Unicorn Investment Bank, a Bahrain-based Islamic investment bank, today changed its name to Bank Alkhair with the launch of a new brand identity. The bank’s subsidiaries in Saudi Arabia, Malaysia and Turkey will now officially operate und

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Ex-Unicorn CEO denies bank's charges

The former chief executive of Bahrain's Unicorn Investment Bank denied allegations of financial crimes made by the lender, saying that Deloitte, appointed to investigate him, had not disclosed its "personal interest" in the probe. Unicorn

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Unicorn says former chief committed crimes

The former chief executive and founder of Bahrain's Unicorn Investment Bank committed 58 criminal offences, including misappropriating bank funds, an independent investigation by consultancy Deloitte concluded, Unicorn said on Tuesday.

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Unicorn sells key stake in US services firm

Unicorn Investment Bank (Unicorn) has sold its investment in Victron, a speciality provider of high-mix, complex electronics manufacturing services based in Fremont, California. Unicorn acquired an 80 per cent equity stake in Victron in De

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Unicorn repays $125m Murabaha facility

Unicorn Investment Bank has announced the repayment of a $125 million three-year syndicated commodity Murabaha facility. The facility was arranged on its behalf by Dubai Bank and Raiffeisen Zentralbank Österreich  (RZB) in January 200

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Unicorn picks software from Al Amthal

Al Amthal Group for Consultancy and Software, a key player in the delivery of integrated solutions, said Bahrain-based Unicorn bank has selected its Optimum HR solution for the bank's HR operations. Al Amthal pointed out that it had a

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Unicorn picks software from Al Amthal

Al Amthal Group for Consultancy and Software, a key player in the delivery of integrated solutions, said Bahrain-based Unicorn bank has selected its Optimum HR solution for the bank's HR operations. Al Amthal pointed out that it had a

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Unicorn CEO leaves bank

The chief executive of Bahrain's Unicorn Investment Bank, Majid Al-Refai, has left the bank, reports said. A Unicorn statement said Al Refai has been replaced with immediate effect by Ikbal Daredia as interim CEO of the bank. 

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Unicorn 'near Saudi asset managment deal'

Bahrain-based Islamic investment bank Unicorn is close to signing a 'big' mandate for asset management services in Saudi Arabia, a senior executive said on Tuesday. 'We hope to sign it in the next days,' said Ikbal Daredia,

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Unicorn mulls Dubai's Bank Islam stake

Bahrain's Unicorn Investment Bank has reiterated that it is mulling buying Dubai Group's stake in Malaysia's Bank Islam, but said a deal was not imminent as shareholders needed to agree on the right partner and price. Dubai Group, an inves

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