Ithmaar Bank's subsidiary reports higher profits
(Saudi Gazette - 30/05/2017)
ITHMAAR Bank, a Bahrain-based Islamic retail bank, announced Monday that its retail banking subsidiary in Pakistan, Faysal Bank Limited (FBL), has reported remarkably improved profitability for the first quarter of 2017 compared to the corresponding
Waha Capital expands private debt business
(Gulfnews - 25/05/2017)
Waha Capital, an Abu Dhabi-based investment company has appointed Rashid Siddiqi as a managing director in its private debt business, which is a new addition to the company's fast-growing asset management business. Rashid joins Waha Capital after nine
Al Baraka Banking gives initial price guidance for dollar Sukuk
(Reuters - 23/05/2017)
Bahrain's Al Baraka Banking Group has given an initial price guidance in the low- to mid-8 percent area for a potential U.S. dollar-denominated Tier 1 sukuk non-callable for five years, a document issued by one of the banks leading the deal showed on
Waha Capital unit to sell diagnostics lab
(The National - 23/05/2017)
Waha Capital said its Anglo Arabian Healthcare unit has sold its stake in Proficiency Healthcare Diagnostics to Al Borg Medical Laboratories, the biggest private diagnostic facility in the Arabian Gulf. The Abu Dhabi-based investment company said the
Waha Capital agrees to sell its stake in UAE diagnostics business
(CPI Financial - 22/05/2017)
Anglo Arabian Healthcare (AAH), Waha Capital's healthcare portfolio company, has signed definitive documentation to sell its 93 per cent stake in Proficiency Healthcare Diagnostics (PHD) to Al Borg Medical Laboratories Abu Dhabi. Waha Capital, a leading
Global reports KD 5.0 mln revenues for Q1 - Company posts net profit
(Arab Times - 21/05/2017)
Global Investment House("Global" or the "Company"), a regional asset management and investment banking firm headquartered in Kuwait, with offices in major capital markets in the MENA region, today announced its financial results for the first quarter
Oman Orix shares hit 'circuit breaker' limit
(Times of Oman - 17/05/2017)
Oman Orix Leasing Company's shares touched their maximum ceiling during a single trading session for the second consecutive session in a row on Tuesday, following an attractive cash buyout proposal from National Finance at a price of approximately 173
KAMCO announces Q1 financial results - Company net profit
(Arab Times - 17/05/2017)
KAMCO Investment Company K.S.C. (Public), a leading investment company with one of the largest AUMs in the region, today reported its financial results for the first quarter ended March 31, 2017. The Company recorded a net profit of KD 285,992, an
ADX, DFM firms post Dhs18.4b profits in Q1
(The Gulf Today - 16/05/2017)
A total of Dhs18.4 billion of Q1 profits were reported by 92 companies listed at Abu Dhabi Securities Exchange (ADX), and Dubai Financial Market (DFM), a growth of 13 per cent from Dhs16.2 billion in the same period last year. Fifty five companies
KFH joins GBSA
(Arab Times - 16/05/2017)
Kuwait Finance House (KFH) has announced that it has joined as a member of The Gulf Bond and Sukuk Association (GBSA). KFH is the first and leading Sharia compliant bank in Kuwait and will be the first fully Islamic Financial institution in Kuwait to
GFH receives rating upgrade to BBB-
(CPI Financial - 14/05/2017)
GFH Financial Group (GFH) has announced that Islamic International Rating Agency (IIRA) upgraded its national scale ratings by a notch to 'BBB- (bh)/A3(bh)' (TripleB Minus/ A Three) with a 'Stable' outlook and maintained its international scale ratings
Investcorp 'Best Private Equity firm in MENA 2017'
(Saudi Gazette - 14/05/2017)
INVESTCORP, a global provider and manager of alternative investment products, was named the 'Best Private Equity firm in MENA' at the Banker Middle East Industry Awards 2017, which took place in Dubai last Thursday. The award comes following a very
Amlak Finance board meet on May 15
(Gulfnews - 11/05/2017)
Amlak Finance said on Wednesday it plans to hold board meeting on May 15 to discuss normal business activities. The company announced this in a statement posted on Dubai Financial Market's website. Amlak Finance shares closed 0.96 per cent lower at
DFM posts net profit of Dhs102.34m during Q1 of 2017
(The Gulf Today - 09/05/2017)
The Dubai Financial Market Company, (DFM) on Monday announced its financial results for the first quarter of the year ending 31 March 2017, reporting a net profit of AED102.34 million, a 19 per cent increase compared to Dhs86 million during the
Ithmaar Bank announces key appointments
(Trade Arabia - 08/05/2017)
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today two key appointments to its executive management team, and assigned new responsibilities to another senior executive. Yousif Alkhan, presently the head of information technology, has been
Dubai Investments reports a dip in first-quarter net profit
(Gulfnews - 08/05/2017)
There was a marginal drop in net profits for Dubai Investments in the first three months - at Dh289 million - compared with the Dh298 million a year ago. Total income for the period also dropped, to Dh697 million from Dh715 million in the first quarter
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