Seera Investment Bank, a sharia-compliant investment bank headquartered in Bahrain, reported consolidated net income of $2.3 million for the six months ended June 30, compared with a loss of $29.5 million for the same period last year. The profit for the quarter ended June 30 was $1.6 million compared with a loss of $1.7 million for the same quarter last year. The increase in income is mainly attributed to fees on the acquisition and structuring of a new investment and exits from two investments, said a report in the Gulf Daily News (GDN), our sister publication.

 

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