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January February March
GFH’s annual general assembly to take place on March 20
(Gulf News - 28/02/2018)

Gulf Finance House said it plans to hold its extraordinary general meeting and annual general assembly meeting on March 20.<br/><br/> “If the required quorum is not available, a second meeting will be held on Tuesday March 27, or a third meeting, if

Ithmaar Holding swings into net loss in 2017
(Gulf News - 27/02/2018)

Ithmaar Holding said it swung into a net loss in 2017 even as total income fell.<br/><br/> The company reported a net loss of $72.40 million (Dh266 million) in 2017 compared to net profit of $13.80 million in 2016. Ithmaar reported a five per cent fall

GFH hopes to develop Saudi business, new chairman says
(Gulf News - 27/02/2018)

Bahrain-based investment firm GFH Financial hopes in future to develop business in Saudi Arabia, the company’s new chairman told Al Arabiya television on Monday. Jasem Al Seddiqi, who is also chief executive of Abu Dhabi Financial Group, was speaking

SICO posts 41% increase in profits to BD3.3 million
(Biz Bahrain - 27/02/2018)

Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced a net consolidated profit of BD 3.3 million for 2017, a 41 percent increase compared to the BD 2.3 million posted last year. Net

GFH appoints Jassim Al Seddiqi as chairman
(Gulf News - 26/02/2018)

Gulf Finance House said on Sunday it has appointed Jasim Al Seddiqi as its chairman even as the stock jumped more than 5 per cent before the announcement on the Dubai Financial Market.<br/><br/> Al Seddiqi is currently the managing director and chief

Global Investment House proposes 5% cash dividend
(Gulf News - 22/02/2018)

Global Investment House said on Wednesday that it proposed to pay 5 per cent cash dividend to their shareholders.<br/><br/> The Mena region focused investment bank reported a net profit of 2.5 million Kuwaiti dinars in 2017 on total revenues of 14.1

Waha Capital proposes 15pc cash dividends
(Trade Arabia - 20/02/2018)

Waha Capital, a leading Abu Dhabi-based investment company, said its board has recommended a cash dividend of 15 fils per share, equivalent to 15 per cent of its paid-up capital.<br/><br/> The dividend recommendation was made at a board meeting held

Dubai Investments to IPO at least 30 per cent of Emicool
(The National - 18/02/2018)

Dubai Investments, a diversified company in which sovereign wealth fund Investment Corporation of Dubai has an 11.54 per cent stake, plans to float at least 30 per cent of its district cooling unit Emicool by the end of 2018 on the Dubai Financial

GFH reports net profit of $104m in 2017
(Trade Arabia - 15/02/2018)

Bahrain-based GFH Financial Group (GFH), a leading financial group in the region, has posted a net profit of $104.2million for 2017, compared with net profit of $217.12 million for the previous year.<br/><br/> The company also reported a consolidated net

Dubai Investments finances $20 million in Africa Crest Education
(CPI Financial - 13/02/2018)

Diversified investment company, Dubai Investments PJSC has announced $20 million direct investment into Africa Crest Education Holdings [ACE]—an investment company promoting quality education across the African continent. The investment will fund

SHUAA Capital celebrates the launch of SHUAA Securities-Egypt
(Press Release - 13/02/2018)

SHUAA Capital, the United Arab Emirates-based premier financial services group, today held a press conference in Cairo to officiate the opening of its securities brokerage arm, SHUAA Securities-Egypt. Held under the patronage of Her Excellency Dr. Sahar

Amlak Finance 2017 net profit more than halves as revenues slump
(The National - 13/02/2018)

Dubai-based mortgage lenderAmlak Finance on Monday recorded more than 50 per cent slump in 2017 full-year net profit after revenues declined for Sharia-compliant home financier amid a softer property market.<br/><br/> The lender reported full-year net

Dubai Investments to invest $20 million in Africa Crest Education
(Gulf News - 13/02/2018)

Dubai Investments (DIC) said on Monday it plans to invest $20 million (Dh73.5 million) directly into Africa Crest Education Holdings (ACE), which promotes education across Africa.<br/><br/> The investment will fund development of SABIS-operated schools

Investcorp sees 16pc rise in income for 6 months
(Trade Arabia - 08/02/2018)

Bahrain-based Investcorp, a global provider and manager of alternative investment products, has posted a net of $55.3 million for the six months ending December 31, 2017 as against $47.7million recorded during the corresponding period in the previous

SHUAA Capital Reports Highest Profit Since 2007
(Press Release - 07/02/2018)

SHUAA Capital today reports full year results for 2017, with the company achieving its highest sustained full-year earnings since 2007. In what has been widely viewed since the first quarter as a clear model of a turnaround story, the Middle East and

Mirdif Hills construction 30% completed
(Press Release - 07/02/2018)

Dubai Investments PJSC, the leading, diversified investments company listed on the Dubai Financial Market, has announced that the construction of the AED 3 billion Mirdif Hills project, being developed by its subsidiary Dubai Investments Real Estate

Global successfully complete sale of property in the UK
(Arab Times - 06/02/2018)

Global Investment House (Global), a regional Asset Management and Investment Banking firm headquartered in Kuwait with offices in major capital markets in the MENA region, announced that its real estate asset management team has successfully completed

Tamkeen, KHCB back SME's with $79.5m finance portfolio
(Trade Arabia - 05/02/2018)

The Labour Fund Tamkeen and Khaleeji Commercial Bank (KHCB) have signed a partnership agreement to manage a financing portfolio worth BD30 million ($79.5 million) as part of Tamkeen’s Business Development “Tamweel+” Scheme.<br/><br/> The program comes in

Investcorp exploring new opportunities to invest in Oman
(Biz Bahrain - 02/02/2018)

Investcorp, a leading global provider and manager of alternative investments, held its Board of Directors meeting in Oman. This meeting, which took place in Al Husn Shangri-La Hotel, marks the first time that the Firm has convened its Board in the

Deal seals SHUAA’s position as most active market maker
(Gulf News - 02/02/2018)

Shuaa Capital said on Thursday it has further strengthened its position as UAE’s most active and experienced liquidity provider and market maker for listed equities and futures. The announcement follows the recent appointment as liquidity provider of

DFM’s net profit falls 8% in 2017
(Gulf News - 01/02/2018)

Dubai Financial Market company said its net profit for 2017 fell 8 per cent along with total revenues, even as the board proposed a cash dividend of 5 per cent. Net profit for the 12 months ending December 2017 fell to Dh233 million from Dh253.5 million