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United Finance plans to reduce paid-up capital
(Times of Oman - 31/01/2018)

The board of United Finance Company has proposed to reduce the company’s paid up capital from OMR34.91 million to OMR25 million. This will be done by returning the par value of the shares (100 baisas), worth up to OMR9.91 million, which represents some

Buy-and-build activity ‘rising among buyout firms‘:Investcorp
(Trade Arabia - 30/01/2018)

Investcorp, a leading provider of alternative investments, has released its white paper looking at platform investment activity across the private equity industry and the increased volume of buy-and-build transactions as market conditions require more

Waha Capital net profit rises 4.6pc to $116m
(Trade Arabia - 30/01/2018)

Waha Capital, a leading investment company based in Abu Dhabi, has reported a preliminary net profit of Dh425.9 million ($115.96 million), an increase of 4.6 percent from a year earlier, due to gains from divestments and lower costs. The company reported

Bahrain's Ithmaar Bank plans aggressive expansion in Pakistan
(Reuters - 29/01/2018)

Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank , to capitalise on the country's low penetration rate of banking services, a senior executive said. Ithmaar Bank owns 66 percent of

Kipco completes infrastructure work at Hessah Al Mubarak
(Trade Arabia - 29/01/2018)

Kuwait Projects Company (Holding) has announced that the infrastructure work for Hessah Al Mubarak District project, the first-ever comprehensive mixed-use district being developed in Kuwait, has been completed. Kipco is the master planner of the

Investcorp hosts business insights forum
(Trade Arabia - 29/01/2018)

Bahrain-based Investcorp, a leading global provider of alternative investments, in partnership with Columbia Business School, has hosted an exclusive Insights Forum for 40 business leaders from the Gulf to discuss the changing business landscape in the

Al Ahli unit launches women for business initiative
(Trade Arabia - 28/01/2018)

Al Ahli Holding Group (AAHG), a multi-diversified international conglomerate, unveiled the first edition of Women for Business, a multicultural CSR program designed by the company in partnership with Union National Bank and La Rochelle Education Group,

Shuaa Capital in talks to acquire more shares in Kuwait’s Amwal
(Arab Times - 25/01/2018)

Dubai-based Shuaa Capital is in discussions to acquire Amwal International Investment Company, after buying a minority stake in the Kuwaiti investment bank in July, according to a report from The National. Shuaa, the top investment bank in the Arabian

Shuaa negotiating potential acquisition of Anwal
(Gulf News - 24/01/2018)

Shuaa Capital said on Tuesday it is currently negotiating a potential acquisition of Anwal International Investments. The company has not signed any document pertaining to this transaction and will keep the market updated on any developments, it said in

Bahrain's Amlak names contractor for new project
(Trade Arabia - 22/01/2018)

Bahrain's Amlak Social Insurance Organization Development Company, the real estate arm and wholly-owned subsidiary of the Social Insurance Organization (SIO), has appointed Al Ghanah Group as the main contractor for the construction of its Burj Al Saya

Goldilocks announces 4.99 per cent stake in GFH
(CPI Financial - 21/01/2018)

Goldilocks Investment Company Limited (Goldilocks) today announced its current holding of a 4.99 per cent stake in GFH Financial Group BSC (GFH). Goldilocks supports GFH’s long term growth and intends to request board representation from GFH, and is

Dubai Investments buys Union Properties’ stake in Emicool
(Press Release - 21/01/2018)

Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, has acquired additional 50% stake in Emirates District Cooling LLC [Emicool] from Union Properties PJSC for AED 500 million. Following

GFH begins trading on Nasdaq Dubai
(The Gulf Today - 21/01/2018)

GFH Financial Group on Saturday announced the inclusion of Single Stock Futures Contracts on the Group’s shares available for trading on Nasdaq Dubai’s equity futures market with effect from 16 January 2018. GFH joins 16 other leading UAE-listed

Dubai Investments supports 49 CSR initiatives in 2017
(Trade Arabia - 14/01/2018)

Dubai Investments, a leading diversified investment company listed on the Dubai Financial Market, has supported a total of 49 initiatives during 2017 in line with the UAE’s Year of Giving, reaching out and benefitting communities across various sections

Ithmaar Bank offers over 4,000 Thimaar account prizes
(Saudi Gazette - 14/01/2018)

ITHMAAR Bank, a Bahrain-based Islamic retail bank, re-launched its Thimaar savings account for a new year, offering its Thimaar account holders 4,015 prizes — the highest by any bank in Bahrain. Ithmaar Bank also increased the total prize purse to

Ithmaar wins CBB approval for Dubai listing
(Trade Arabia - 11/01/2018)

Ithmaar Holding, a leading financial institution in Bahrain, said it has won final approval from the Central Bank of Bahrain (CBB) to list on the Dubai Financial Market (DFM). This comes following the recent endorsement from UAE’s Securities and

Taageer Finance unveils customer-friendly mobile app
(Times of Oman - 09/01/2018)

Taageer Finance, one of the leading non-banking finance companies (NBFCs) in Oman, has become the financial institution to launch a mobile app – branded as “Tamweeli,” for its customers. The mobile app enables the customers of Taageer Finance to view

Marseilia and Amlak Finance sign MoU to develop urban project in Cairo
(CPI Financial - 07/01/2018)

The MoU is under the sponsorship of National bank of Egypt (Dubai International Financial Centre) (NBE – DIFC). The MoU was signed by Yasser Ragab, Chairman of Marseilia Group, Arif Alharmi, Managing Director and CEO of Amlak Finance, and Hisham Okasha,

Jadwa Investment launches Jadwa REIT Saudi Fund
(Saudi Gazette - 04/01/2018)

Jadwa Investment, a leading investment management and advisory firm, announced Tuesday the offering of its second Shariah-compliant real estate investment traded fund, “Jadwa REIT Saudi Fund”. The new REIT fund will aim to invest in a diversified manner

Specialised training for Ithmaar Group Board of Directors
(Biz Bahrain - 03/01/2018)

Ithmaar Group, which includes Ithmaar Holding and its two wholly-owned subsidiaries, Ithmaar Bank, a Bahrain-based Islamic retail Bank, and IB Capital, a Bahrain-based Islamic Investment firm, commissioned the Bahrain Institute of Banking and Finance

Amlak completes work on first Dubai villa project
(Trade Arabia - 03/01/2018)

Amlak Finance, a leading specialised real estate financier in the Middle East, has announced the completion of its new Dh138-million ($38 million) residential development project in the Mirdiff area of Dubai, UAE. This marks the first time that Amlak has

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