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Unicorn reports net loss of $229 millionUnicorn Investment Bank (Unicorn) reported an annual net loss for the first time, for the year 2010. The bank’s net loss for the year was $229.5 million, compared to a profit of $2.2 million for 2009. Unicorn’s net loss in the fou More… |
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Unicorn wins Saudi brokerage licenceBahrain-based Unicorn Investment Bank said its Saudi brokerage has won a licence from Saudi Arabia’s Capital Market Authority (CMA) to launch its brokerage services in the Kingdom. With this, Unicorn Capital Saudi Arabia (UCSA) can now pro More… |
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Unicorn transaction wins top honoursUnicorn Investment Bank's closing of a $450 million 5-year Sukuk on behalf of leading Saudi real estate developer Dar Al-Arkan, has been named Islamic Finance Deal of the Year by leading international business magazine, The Banker. Iss More… |
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T’azur to provide medical insurance for GIB staffT’azur, an Islamic insurance company founded by Unicorn Investment Bank, has signed an agreement to provide medical insurance to Gulf International Bank's (GIB) employees and their families. Under the agreement, t’azur will provide mor More… |
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Unicorn named best investment houseUnicorn Investment Bank (Unicorn), the Bahrain-based financial services group, has been named Best Investment House as part of the 2009 Islamic Business and Finance Awards organised by CPI Financial in Dubai. The awards are based on peer r More… |
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Unicorn named best investment bank in BahrainUnicorn Investment Bank, the Bahrain-based financial services group, has been named the best investment bank in the kingdom by international business magazine, Global Finance. The award was presented to Unicorn at a ceremony held on the si More… |
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Unicorn fund buys 70pc stake in BMDSUnicorn Investment Bank said its private equity fund has acquired a 70 per cent stake in Bahrain Maintenance and Diving Services (BMDS), a leading Bahrain oil and gas services company. The acquisition was completed through the Un More… |
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S&P upgrades GIB ratingBahrain-based Gulf International Bank (GIB) got another boost when its credit rating was upgraded by Standard & Poors. This follows an upgrading by Moody's earlier in the week. Standard & Poor's Ratings Services sai More… |
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Unicorn profit soars to $35mBahrain-based Unicorn Investment Bank said its net profit after impairments and fair value write-downs has risen to $35 million and added that it has posted a record 2008 operating profit of $73.8 million up 46 per cent from $50.4 million in More… |
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Unicorn closes BFC acquisition dealUnicorn Investment Bank (Unicorn) on Wednesday announced the successful completion of its acquisition of Bahrain Financing Company (BFC), one of the leading foreign exchange and remittance houses in the GCC. The bank has obtained all the n More… |
