Friday 11 July 2014
 
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HSBC Islamic unit approves dividends

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.   Similarly, the

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HSBC launches new sales campaign

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

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HSBC Saudi launches first ETF

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

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HSBC Islamic arm eyes 125 new branches by 2012

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

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HSBC eyes big growth, more sukuks in 2010

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

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Kuwait liquidates Amanah Warehousing

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

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Amanah says suspends IPO after govt order

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

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Amanah-Emaar to develop healthcare facilities

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

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