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GFH buys 30% stake in London’s No 1 Palace Street (The National - 31/03/2016)

GFH Financial Group has paid £100 million (Dh528.7m) to acquire 30 per cent of No 1 Palace Street in London’s Victoria. The Bahrain-based investment company said it has signed a deal with Palace Revive Developments Limited for the site which is being

Ithmaar revamp plan approved (Gulf Daily News - 29/03/2016)

Shareholders of Ithmaar Bank, a Bahrain-based Islamic retail bank, yesterday approved plans for a new group structure, which top officials said is designed to boost core retail banking growth. The plans involve the creation of a new holding company that

BCFC Company approves 45pc cash dividend (Gulf Daily News - 23/03/2016)

Bahrain Commercial Facilities Company (BCFC) shareholders yesterday approved a cash dividend of 45 per cent (45 fils) of the paid up capital of BD7,251,440, unchanged from 2014. During the annual general meeting at the Diplomat Radisson Blu Hotel,

Finance House says plans for cash dividend distribution approved (Gulfnews - 23/03/2016)

Finance House said the UAE Central Bank has approved the distribution of cash dividends amounting to 10 per cent of the company’s capital for the fiscal year ending on December 31, 2015. The dividends will be distributed to all shareholders, and

APPOINTING A CEO FOR THE SAUDI STOCK EXCHANGE (Tadawul - 22/03/2016)

With reference to Tadawul's announcement dated on 30/01/1437H corresponding to 2015/11/12 , for the appointment of Mr. Khalid Abdullah Al Hussan as an acting CEO of Tadawul, the CMA Board of Commissioners has approved the Saudi Stock Exchange Board of

GFH Financial sells 10 pct of Bahrain cement maker (Reuters - 22/03/2016)

Islamic investment bank GFH Financial Group agreed to sell a 10 percent stake in Bahraini cement producer Falcon Cement Co to Integrated Capital, the capital markets arm of Abu Dhabi Financial Group, GFH said on Tuesday. Integrated Capital also expressed

SICO declares 5pc cash dividend (Gulf Daily News - 22/03/2016)

Shareholders of Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, have approved the distribution of a cash dividend of BD2,142,439 for 2015, which represents five per cent of the paid-up

ABG to pay $22m dividend (Gulf Daily News - 21/03/2016)

Shareholders of Al Baraka Banking Group (ABG) have approved the distribution of $22,143,101 as cash dividend, amounting to two cents for each share equal to two per cent of the par value of the share, and to transfer of $124,324,073 to the retained

Investcorp buys $220m US residential properties (Trade Arabia - 20/03/2016)

Investcorp, a leading provider and manager of alternative investment products, said its US-based real estate arm, through two separate transactions, has acquired five residential properties in the metropolitan areas of Boca Raton (Florida) and

Waha Capital to invest over $100m in core business (Gulfnews - 20/03/2016)

Waha Capital, the Abu Dhabi-listed investment company, is planning to invest at least $100 million (Dh367 million) in its core business, with the firm eyeing acquisition deals potentially this year to capitalise on attractive valuations in the market.

Markaz hosts group of BBS senior students –Employment options in final (Arab Times - 16/03/2016)

As part of its Corporate Social and Economic Responsibility (CSER), Kuwait Financial Centre “Markaz” hosted a group of Bayan Bilingual School (BBS) senior students to explain to them how investment companies work within the larger picture of the economy

ABG promotes staff in major revamp push (Gulf Daily News - 15/03/2016)

Bahrain-based Islamic bank, Al Baraka Banking Group (ABG) yesterday announced key promotions among members of its Bahraini staff in a number of departments. A statement said Ebrahim Abdulaziz Al Zayani, Mohamed Abdullatif Al Mahmood and Mahmood Taher Ali

GFH to hold OGM on March 29 (Gulfnews - 14/03/2016)

Gulf Financial House (GFH) Financial Group announced that it will hold its ordinary general meeting on March 29 at the group’s headquarters in Bahrain Financial Harbour. The meeting will discuss and approve the company’s financial statement for 2015,

Ithmaar Bank subsidiary registers strong results (Gulf Daily News - 13/03/2016)

Ithmaar Bank, a Bahrain-based Islamic retail bank, yesterday announced that its retail banking subsidiary in Pakistan, Faysal Bank Limited, has registered a record profit for 2015. Ithmaar Bank chief executive and Faysal Bank vice chairman Ahmed Abdul

Investcorp acquires US home maintenance firm (Trade Arabia - 06/03/2016)

Bahrain-based Investcorp said it has reached an agreement with US-based Alpine Investors to acquire The Wrench Group, a leading provider of essential home maintenance and repair services. A leading provider and manager of alternative investment products,

SICO identifies 14 stocks with high growth potential (Gulf Daily News - 02/03/2016)

GCC equities have started the year on a shaky footing and the S&P GCC Index, a benchmark covering stocks from the GCC markets, was lower by 10.8 per cent as of February 21, according to a report. This was led by Saudi Arabia at minus 14.9pc, Kuwait at

Investcorp buys office building in Washington DC (The National - 01/03/2016)

The Bahrain-listed alternative investment fund Investcorp has paid US$180 million to buy an office building in Washington DC as part of a new strategy to invest in assets in key US cities. Investcorp said on Monday that its US-based real estate arm had

Amlak Finance plans to hold AGM on March 23 (Gulfnews - 01/03/2016)

Amlak Finance said on Monday it plans ti hold its annual general meeting on March 23. The company plans to consider and approve the amendment of the Article of Association in accordance with the provisions after obtaining the approvals of the concerned

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