15/03/2010 00:00 AST

Esterad Investment Co., a Bahraini trade and investment firm, said its Chief Executive Officer Subhi Benkhadra will become the CEO of the European Islamic Investment Bank Plc.

Esterad and European Islamic formed an asset management business to be based in Bahrain, Esterad said in a statement to the Bahrain bourse today.

Benkhadra will be replaced as Esterad's CEO by Faisal Janahi, while Khalid El-Ali and Faisal Shehab will be appointed as assistant CEOs.


Bloomberg

Esterad cancels $18.6m bond offer

08/02/2010

Bahrain's Esterad Investment Company on Sunday withdrew a planned 7 million dinar bond ($18.57 million) offering, citing market conditions. The bond had been due to be issued on February 10.

Reuters

Esterad withdraws bonds, cites market conditions

07/02/2010

Bahrain-based Esterad Investment Company is withdrawing its BHD 7 million ($18.5 million) bond offering just four days ahead of its 10 February 2010 issue date. The

The company

CPIFINANCIAL

Esterad withdraws bond offering

06/02/2010

Following the lukewarm response from investors and tighter lending conditions, the Esterad Investment Company announced on Thursday that it would retract its BD7 million bond offering before the issu

Arab News

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