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ADFG and Bahrain’s GFH to launch Islamic bank in Abu Dhabi
(Gulfnews - 31/05/2016)

Abu Dhabi Financial Group (ADFG) and Bahrain’s GFH Financial Group are jointly setting up an Islamic bank in Abu Dhabi’s new financial free zone with initial capital of $100 million, ADFG’s chief executive told Reuters on Monday. Privately-owned

Jadwa Saudi Equity Fund named as ‘Best Saudi Equity Fund’
(Saudi Gazette - 31/05/2016)

Jadwa Investment, a leading Saudi Arabian investment management and advisory firm, recently received new recognition for its investment performance with the selection of its Saudi Equity Fund as the “Best Saudi Equity Fund” and “Best Shariah Compliant

Investcorp announces sale of GL Education
(Oman Daily Observer - 30/05/2016)

Bahrain-based Investcorp, an alternative investment manager, has agreed the sale of GL Education to private equity firm Levine Leichtman Capital Partners. The sale and acquisition prices were not disclosed, however a statement said Investcorp was advised

Jadwa core client business up 39%
(Saudi Gazette - 26/05/2016)

Jadwa Investment, a leading Saudi Arabian investment management and advisory firm, today announced its 2015 full-year financial results, achieving SR247.47 million in total revenues and SR93.56 million in net income. These results were achieved through a

GFH posts $6.1m net profit in Q1
(Trade Arabia - 16/05/2016)

Bahrain-based GFH Financial Group (GFH) has registered a net profit of $6.1 million for the first quarter, up 176 per cent over $2.2 million for the same period last year. Announcing the Q1 results, GFH said it had netted a consolidated profit of $10

GGICO records net profits of Dh8m for the first quarter of 2016
(Gulfnews - 16/05/2016)

The Gulf General Investment Co (GGICO) reported net profits of Dh8 million on revenues of Dh212 Million for the first quarter. With a number of development projects at various stages of completion and in compliance with accounting standards, the first

Ithmaar Bank registers $4.8 million net profit
(Gulf Daily News - 15/05/2016)

Ithmaar Bank, a Bahrain-based Islamic retail bank, yesterday reported a net profit of $4.83 million for the first quarter of 2016, compared with $7.62m during the same period last year. Net profit attributable to equity holders of the bank for the first

Investcorp part-owned Leejam Sports picks Samba Capital for IPO
(Reuters - 11/05/2016)

Saudi Arabian sports and fitness business Leejam Sports Co is to hire Samba Capital to advise it on a stock market flotation in the kingdom, sources aware of the matter told Reuters . While no mandate has been signed yet, two sources said the investment

Al Baraka Q1 net income surges to $38m
(Trade Arabia - 11/05/2016)

Al Baraka Banking Group (ABG), a Bahrain-based leading Islamic bank, announced it achieved 16 per cent increase in total operating income and 13 per cent increase in net profits before tax and provisions during the first quarter the year.

Sico Q1 profits plunge 55pc
(Trade Arabia - 11/05/2016)

Securities & Investment Company (Sico), a Bahrain-based conventional wholesale bank, has announced its operating income for the first three months of the year saw a decrease of 55 per cent to BD1.34 million ($3.53 million) compared with BD2.99m for the

Amlak reports net profit of AED 123 million for Q1 2016
(CPI Financial - 11/05/2016)

Amlak Finance PJSC, a leading specialised real estate financier in the Middle East, today announced its financial results for first quarter ended 31 March 2016. The company’s net group profits were reported at AED 123 million. Amlak’s Total Revenue

Kuwait's Global inks $288.5m UK real estate deals
(Arabian Business - 11/05/2016)

Kuwait-based Global Investment House has completed the acquisition of the headquarters of the National Health Services (NHS) of Scotland in Edinburgh. The company said in a statement that it has also acquired the UK and European headquarters of 3M in

Waha Capital Q1 net profit down 3.5% to Dh175.8m
(Gulfnews - 04/05/2016)

Waha Capital on Tuesday said that its net profit fell 3.5 per cent in the first three months to March. The firm reported a net profit of Dh175.8 million in the first quarter of 2016, while total income rose 17.6 per cent to Dh333 million. Waha Capital

Al Baraka supports Bahrain initiatives
(Gulf Daily News - 02/05/2016)

The Bahrain-based leading Islamic banking group, Al Baraka Banking Group, reaffirmed its support for the efforts made by Bahrain to develop relations with its sister Arab countries. On the sidelines of the Egyptian Bahraini Business Forum, which was

Dubai Financial Market Company announces Dhs86m profit
(The Gulf Today - 02/05/2016)

Dubai Financial Market Company has announced a first quarter net profit of Dhs86 million, a 27 per cent increase compared to Dh67.7 million during the corresponding period of 2015. The company’s total revenue increased by 11 per cent to Dhs 127 million

Amlak’s sustainability efforts win recognition
(The Peninsula - 01/05/2016)

Amlak, an asset management arm of Qatar Foundation (QF), has been awarded by the Prime Minister and Interior Minister, H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani, on behalf of the Qatar General Electricity and Water Corporation (Kahramaa) and

KFH participates in a ceremony honoring distinguished students
(Arab Times - 01/05/2016)

Kuwait Finance House (KFH) participated in the honoring ceremony of the distinguished students at the College of Business Administration as part of its social responsibility and efforts to support the youth and students. Present at the honoring ceremony

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