Thursday 17 April 2014
 
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Bank Alkhair

Yousef Al-Shelash listed among top Arabs

Businessman Yousef Al-Shelash has been named as one of the World's 100 Most Powerful Arabs in a latest listing. He was recognized by the "Arabian Business" in its 2014 listing for his outstanding role in many regiona

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Bahrain Islamic banks call off merger

A proposed merger of Khaleeji Commercial Bank (KHCB), an Islamic retail bank incorporated in Bahrain, with Bank Alkhair, a Bahrain-based Islamic investment bank, has been called off, said a report. In a statement, KHCB said both b

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Bank Alkhair swings to $4.7m profit

Bahrain-based Bank Alkhair, an Islamic wholesale bank, said it had returned to profitability with a net profit of $4.7 million for the year ended December 31, 2013 compared to a loss of $39.8 million the year before.   The gr

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Bahrain bank Alkhair wins key ruling

The Bahrain Chamber of Dispute Resolution (BCDR) has issued a verdict in favour of Bank Alkhair against Falah Nasser Hamad Al Falah, a former employee of the bank, and its former chief executive Majid Al Refai, said a report. Founded in

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Ex-CEO of Bank Alkair ordered to pay fine

  The former CEO and another employee of Bank Alkhair have been ordered to pay fines totaling $1.7 million by the Bahrain Chamber of Dispute Resolution (BCDR), the bank said.

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Bank Alkhair names new CEO

Bank Alkhair, a Bahrain-based Islamic bank, has appointed Khalil Nooruddin, a seasoned banker with over 35 years of experience, as its new managing director and chief executive officer. Nooruddin will be responsible for overseeing

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Bahrain court adjourns trial of ex-CEO of bank

Bahrain’s High Criminal Court has adjourned the money laundering case filed against Majid Al-Refai, former chief executive officer of Bank Alkhair, until the ruling session on July 8. Al-Refai is accused of money laundering, fraud and ille

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Bahrain court adjourns trial of ex-CEO of bank

Bahrain’s High Criminal Court has adjourned the money laundering case filed against Majid Al-Refai, former chief executive officer of Bank Alkhair, until the ruling session on July 8. Al-Refai is accused of money laundering, fraud and ille

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Bahrain court rules in favour of Bank Alkhair

The Supreme Fifth Civil Court in Bahrain passed a judgment in the case filed by Majid Al Refai, former CEO of Bank Alkhair against the bank, dismissing the case and ruling that the bank should be compensated for all incurred legal fees and charges

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Ex-CEO claim against Bank Alkhair 'dismissed'

Bank Alkhair has announced that the Bahrain Chamber of Dispute Resolution (BCDR) has passed a ruling dismissing a claim by Majid Badr Hashim Al-Refai, former managing director and CEO of the bank. In the ruling, BCDR ordered Al-Refai to pa

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