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Ibdar earns 15pc returns on construction project sale

MANAMA, July 30, 2015

Ibdar Bank, a Bahrain-based Islamic wholesale investment bank, has earned returns of 15.95 per cent from the sale of a $30 million construction project, it announced yesterday.

The bank said its exit from Sakan Development Company, its construction division, follows the final sale of all Saar Central villas in February and the phased return of 100 per cent of capital to investors,  said a report in the Gulf Daily News (GDN), our sister publication.

http://www.gdnonline.com/Details/16274/Key-exit-success-for-Ibdar




Tags: Construction | project | Bank | exit | Ibdar |

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