HSBC Saudi Arabia said its Islamic arm HSBC Amanah, has approved a dividend payment of $0.06 per unit for the first quarter translating in an annualized yield of 2.5 per cent at par value to its shareholders.
HSBC Bank Middle East has launched its sale campaign for the first time in Bahrain offering customers reduced pricing on a range of banking and financial products.
Running until March 8, the HSBC sale packs lucrative discounts and special
HSBC Saudi Arabia, the strategic investment affiliate of Saudi British Bank (SABB), has launched its first exchange traded fund in the Middle East region.
The HSBC Amanah Saudi 20 ETF aims to offer investors capital growth over the me
HSBC Amanah, the Islamic arm of bank HSBC, plans to have 125 branches throughout the Middle East and Asia by the end of 2012 eyeing rapid growth in the $1 trillion Islamic finance industry, a top executive said.
Middle East and Asian marke
HSBC expects double-digit revenue growth this year in its Amanah Islamic banking division and more sukuk mandates than in 2009, Razi Fakih, deputy chief executive of Amanah said.
HSBC expects to have more than the 15 mandates it had in 200
Kuwait liquidated Amanah Warehousing Company on Thursday, days after ordering it to suspend an initial public offering.
The official Kuna news agency said the Kuwaiti cabinet approved a motion to annul a decree that had set up the logistic
Kuwait's Amanah Warehousing Co has stopped selling shares in an initial public offering that began last week after a ministry was ordered to halt the offering, an Amanah official said.
Amanah, a logistics company operating according to Isl
Amanah Capital has signed a Memorandum of Understanding (MoU) with Emaar Healthcare Group LLC (EHG) to develop specialist healthcare facilities in Abu Dhabi.
EHG will create integrated healthcare clusters that cover the entire spectrum of