Ithmaar in process of completing Dubai listing
(The Gulf Today - 26/12/2017)
Ithmaar has received approval from the United Arab Emirate's Securities and Commodities Authority (SCA) to list on the Dubai Financial Market (DFM). Ithmaar, which is licensed and regulated by the Central Bank of Bahrain (CBB) and is currently listed on
OMINVEST AIMS TO FURTHER DIVERSIFY REVENUE BASE
(Muscat Daily - 25/12/2017)
The Muscat Securities Market (MSM) on Wednesday organised an investors meet and board discussion session for Oman International Development and Investment Co (Ominvest). The event was attended by senior company officials, investors, analysts from
GGICO to hand over Dubai Silicon Oasis homes
(Trade Arabia - 21/12/2017)
Gulf General Investment Company (GGICO), a Dubai-based diversified conglomerate, said it will start handing over the one-bedroom apartments at its Topaz Residences Tower 1 project located in Dubai Silicon Oasis. Topaz Residences project - which boasts
Waha Capital completes sale of stake in UAE diagnostics firm
(Trade Arabia - 21/12/2017)
Waha Capital, a leading Abu Dhabi-based investment company, through its UAE healthcare subsidiary Anglo Arabian Healthcare (AAH) has completed the sale of its full equity stake in Proficiency Healthcare Diagnostics (PHD) to Al Borg Medical Laboratories,
Taageer Finance plans OMR5m-bond issue
(Times of Oman - 20/12/2017)
Taageer Finance Company plans to issue non-convertible bonds worth OMR5 million, with a green-shoe option of OMR2.5 million additional bonds. The issue will be by way of private placement, Taageer Finance said in a disclosure statement posted on Muscat
Oman Orix merger with National Finance cleared
(Times of Oman - 20/12/2017)
The Central Bank of Oman (CBO) has given its final approval for the proposed merger of Oman Orix Leasing Company with National Finance Company. After the acquisition, National Finance will be the biggest non-banking finance company (NBFC) in Oman, with a
GFH in $150m deal to buy two US properties
(Trade Arabia - 20/12/2017)
GFH Financial Group (GFH) has announced the successful acquisition of a new investment in the US comprising two Chicago suburban office properties in a deal valued at approximately $150 million. The investment has been undertaken in partnership with
Taageer Finance plans OMR5m-bond issue
(Times of Oman - 19/12/2017)
Taageer Finance Company plans to issue non-convertible bonds worth OMR5 million, with a green-shoe option of OMR2.5 million additional bonds. The issue will be by way of private placement, Taageer Finance said in a disclosure statement posted on Muscat
Dubai Investments to roll out new sustainability goals
(Trade Arabia - 17/12/2017)
Dubai Investments said these initiatives were identified and evaluated as part of DI Sustainability Champions Network, comprising 20 employees across Dubai Investments and its subsidiaries. Reinforcing its commitment to the cause of sustainability, the
Ithmaar Bank awarded "Best Islamic Retail Bank in Bahrain"
(Biz Bahrain - 12/12/2017)
Ithmaar Bank, a Bahrain-based Islamic retail bank, was honoured at a ceremony attended by senior bankers from across the Middle East after it was named Best Islamic Retail Bank in Bahrain. Ithmaar Bank was presented the prestigious award following a
GFH plans to develop 'one of the key land banks in the region'
(The National - 10/12/2017)
GFH Financial Group, the Bahraini Sharia-compliant investment house, is drawing up a development strategy for a 25 million square metre land bank with a US$1.2 billion value, across the GCC, India and Africa that it acquired in August, its chief
Al Baraka named best performer in Bahrain
(News of Bahrain - 07/12/2017)
Al Baraka Bank has been recognised as the 'Best Performing Islamic Bank' in Bahrain during the 24th World Islamic Banking Conference (WIBC) that concluded yesterday on a high note in the Kingdom. The award, for top Islamic financial institutions at the
GFH in $150m deal to sell assets to global private schools operator
(Arab News - 06/12/2017)
Gulf-focused investment group GFH has struck a $150 million deal to sell part of its educational assets in the GCC to global private schools operator, Inspired. GFH's educational portfolio in the GCC has been built over the past four years and is valued
Taageer Finance plans OMR5m bond issue
(Times of Oman - 06/12/2017)
Taageer Finance Company has decided to convene an extraordinary general meeting (EGM) on December 18 to seek approval for a OMR5-million non-convertible bond issue as private placement. The bond issue will have an additional green-shoe option for OMR2.5
Ithmaar Bank launches first contactless World Mastercard credit card
(Saudi Gazette - 03/12/2017)
ITHMAAR Bank, a Bahrain-based Islamic retail bank, announced Saturday the launch of a prestigious new Shariah-compliant contactless credit card with Mastercard, a leading technology company in the global payments industry. The pioneering new Ithmaar Bank
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