BMB allocates $60,000 for fund investors

Manama, January 5, 2012

Bahrain Middle East Bank (BMB) has announced distribution of $600,000 to its private equity fund investors for the quarter ending December 2011.

This takes the aggregate distributed over the preceding five quarters to $12.2 million.

"It gives us a great sense of pride that, despite the market turmoil, we have been able to consistently maintain quarterly distributions to investors since 2009," said BMB chief executive Akbar Habib.

"This further demonstrates the success of the bank's new strategy, its investment selection criteria and the diversification efforts that have all led to the attainment of the desired objectives," he added. – TradeArabia News Service

Tags: investors | Private equity | fund | Bahrain Middle East Bank |