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Bahrain-based private equity firm Investcorp Bank is in exclusive talks to buy a minority stake in Saudi Arabia-based healthcare company Al Borg Medical Laboratories, according to people with knowledge of the matter. The deal could value the company at
GFH Real Estate announced Tuesday that it will participate at this year’s 15th Cityscape Global being held in Dubai on Sept. 6-8, 2016 at the Dubai World Trade Centre, while showcasing a number of its new landmark GCC-based development projects. GFH Real
GFH Financial Group (“GFH”) on Saturday announced that Capital Intelligence (CI), the international credit rating agency, has affirmed its Long-Term Rating at ‘BB’ and the Short-Term Rating at ‘B’. The Outlook for GFH’s ratings has also been affirmed as
The Bahrain Islamic investment group GFH said on Monday it had signed a preliminary memorandum of understanding for a potential acquisition of a majority stake in the struggling Bahraini Islamic institution Bank Al Khair (BAK) for an undisclosed sum.
Waha Capital has completed the refinancing of its credit facilities with 12 local, regional and international banks. The new and upsized financing is a 5-year $500 million revolving credit facility. This replaces the previous $375 million revolving
KAMCO Investment Company today reported its financial results for the first half ended June 30, 2016. The Company recorded a net profit of KD 724 thousand with earnings-per-share (EPS) of 3.04 fils in H1 2016, compared to a net profit of KD 145 thousand
Investcorp, a global provider and manager of alternative investment products, announced Monday that it has, together with its portfolio company SecureLink Group NV, acquired the United Kingdom’s largest independent cybersecurity service provider, Nebulas
Shuaa Capital plans to cut further costs after swinging to a loss in the second quarter, as it earmarked Dh56.9 million as provisions for its SME lending business, the Dubai investment bank said. Net losses in the three months to June 30 reached Dh50.8m,
Shuaa Capital, the Dubai-listed investment bank, reported on Saturday Dh50.8 million in net loss for the second quarter of 2016, marking a significant plunge from the Dh1.7 million in net profit reported in the same quarter of 2015. The figures put net
GFH Financial Group (GFH) announced a net profit attributable to shareholders of $11.5 million for the first half of the year ended June 30, 2016. This represents a 248 percent increase from the $3.3 million net profit reported in H1, 2015. The group
Ithmaar Bank, a Bahrain-based Islamic retail bank, reported a net profit of $11.96 million for the first half of 2016, an 8.3 percent decrease compared to the $13.04 million net profit reported for the same period last year. Net profit attributable to
Bahrain-based Investcorp, a global manager of alternative investment products, has posted a net income of $90.1 million for the year ended June 30 compared with $116.7 million in the previous year, marking a decline of 23 per cent. The company attributed
Waha Capital, a leading investment company based in Abu Dhabi, UAE has reported a net profit of Dh305.9 million ($83.2 million) for the first half (H1) of 2016, marking a decrease of 12.4 per cent compared to net profits of H1 2015. The company delivered
Ithmaar Bank, a Bahrain-based Islamic retail bank, reported today (ed note: 10/08/16) a net profit of US$11.96 million for the first half of 2016, an 8.3 percent decrease compared to the US$13.04 million net profit reported for the same period last year.
The company recorded a net group profit of AED 87.4 million in H1 2016, compared to AED 14.6 million for the same period last year. The H1 results were supported by strong revenue growth in Q1 generated from one-off sale of land plots. The results were
Oman International Development and Investment Company (Ominvest) on Tuesday said that the company and its strategic partners are in the process of finalising regulatory approval for acquiring Oman Arab Bank’s investment banking business (OABINVEST).
Investcorp, a global provider and manager of alternative investment products, has agreed to the sale of Crisps Topco Limited (Tyrrells) to Amplify Snack Brands for an enterprise value of £300 million ($392 million). Founded at Tyrrells Court Farm,
Dubai Investments, a major diversified investment company listed on the Dubai Financial Market, has reported strong H1 results with AED516 million net profit, 2 percent higher than the AED506 million in the prior-year period. Announcing the H1 financial
Bahraini Islamic lender Al Baraka Banking Group reported a 2.8 percent dip in second-quarter net profit on Sunday. The bank, which has operations in more than a dozen countries, made a net attributable profit of $43.6 million in the three months ending
Bahrain-based Islamic investment firm GFH Financial Group (GFH) has announced it has repaid $45 million to its debt syndicates, reported the Gulf Daily News, our sister publication.
Dubai Investments (DI) declared a Dh516 million net profit attributable to shareholders in the first half of 2016, an increase of two per cent over the Dh506 million generated in the prior-year period. The Dubai-listed company said its total income was