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- Bahrain All Share Index, Islamic Index close higher
- Ithmaar Bank reports Q1 2025 profits
- Alba posts $48.2m Q1 profit, production costs impact
- Indosat Ooredoo Hutchison pushes for Sovereign AI to power Indonesia's growth
- Dukhan Bank names QR1,000,000 Thara'a grand prize winner
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- Kuwait, Hong Kong sign 24 MoUs
- Diriyah set to offer $5.3bn worth fit-out contracts
- Swiss innovation, green tech, and art shine at Oman Sustainability Week 2025
- QSE index slips 10.84 points at market open
19/11/2009 00:00 AST
Bahrain-based Shamil Bank yesterday announced that its Shamil China Realty Modaraba has distributed another $3.5 million as capital returned.
This is in addition to the $6.6m distributed during the first half of this year.
"Given the turbulent economic conditions of 2007-2009, we are extremely proud to announce that our landmark Shamil China Realty Modaraba has continued to perform well in the current economic crisis," said Shamil Bank chief executive Faisal Al Alwan.
"The modarabas success is mainly due to Chinas stable economy that has sustained its momentum despite the general downturn, as well as the key decision-making capabilities of the investment manager.
"With this most recent distribution, the Modaraba has returned a total of more than 43 per cent of the principal.
"During 2009 alone, the Shamil China Realty Modaraba has returned more than 22pc of the principal through three distributions," he added.
Gulf Daily News
01/03/2010
Shamil Bank yesterday reported a net profit of $973,000 for last year, compared to a net profit of $22 million for 2008.
In the fourth quarter of last year, it made a net loss of $4.4m fo
Gulf Daily News
21/02/2010
Zain Bahrain and Shamil Bank have signed an agreement to offer Shamil customers online facilities to enquire and pay, in real-time, their Zain accounts.
The agreement will enable Shamil c
Gulf Daily News
29/11/2009
Shamil Bank, a leading Bahrain-based Islamic commercial bank and a wholly-owned subsidiary of Ithmaar Bank, has tied up with one of the Kingdom's largest business groups, the Jawad Group, to launch a
Trade Arabia
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15/05/2025
Ithmaar Bank, a Bahrain-based Islamic retail bank, reported profits for the first quarter of the year as it announced its financial results for the three-month period ended March 31.
Ithmaa
BNA
15/05/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has reported a profit of BD18.1 million ($48.2 million) for the first quarter of 2025, a drop of 25.9% year-over-year (YoY
Trade Arabia
15/05/2025
Indosat Ooredoo Hutchison is spearheading the development of sovereign AI to elevate Indonesia's economic trajectory, according to president director and CEO, Vikram Sinha.
"Indosat has a lar
Gulf Times
15/05/2025
Dukhan Bank has announced that Saad al-Kuwari has won the QR1,000,000 grand prize in the latest draw of Thara'a, the bank's Shariah-compliant savings account.
The draw was conducted under the
Gulf Times
15/05/2025
National Investments Company held its Ordinary AGM for the fiscal year ended December 31, 2024, and immediately following this, the Extraordinary General Assembly Meeting was convened on Wednesday, M
Kuwait Times
Financial Information Co.
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