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DFM Company shareholders approve 2017 Financial Statements
(Press Release - 29/03/2018)

The shareholders of Dubai Financial Market Company (PJSC) have approved the Balance Sheet and Income Statement for the financial year ending 31 December 2017, during the Annual General Meeting held on Wednesday, 28 March 2018. The DFM Company

Investcorp appoints new chief financial officer
(Trade Arabia - 29/03/2018)

Investcorp, a leading global provider and manager of alternative investments, today announced the appointment of Jan Erik Back as group chief financial officer. <br/><br/> Back will join Investcorp in the summer. Back has more than 30 years of industry

GFH approves $85m dividend distribution
(Trade Arabia - 28/03/2018)

GFH Financial Group (GFH) today announced that its shareholders have approved the distribution of 8.72 per cent cash dividends totalling $85 million. <br/><br/> The approval came at the conclusion of the company's annual general meeting (AGM) and

Ithmaar’s achievement paving way for group’s transformation
(Saudi Gazette - 27/03/2018)

Ithmaar Holding B.S.C. hosted on Monday its Annual General Meeting (AGM) and the consolidated financial statements for 2017 were approved. The meeting was chaired by Ithmaar Chairman Prince Amr Al Faisal, and attended by members of the Ithmaar Board of

Kuwait's Global sells 51% stake in Oman's Al Jazeera steel
(The National - 27/03/2018)

Global Investment House, the Kuwait-based asset management and investment banking firm, said on Monday its alternative asset management arm, Global Capital Management, has sold its 51 per cent stake in Muscat-listed Al Jazeera Steel Products

Ithmaar eyes return to sustainable profitability
(Gulf News - 27/03/2018)

Ithmaar Holding hosted its Annual General Meeting (AGM) where its consolidated financial statements for 2017 were approved. The meeting was chaired by Ithmaar chairman, Prince Amr Al Faisal, and attended by board members, its executive management team

Waha Capital AGM approves 17.5 per cent dividend
(Gulf News - 27/03/2018)

Shareholders of Waha Capital approved a cash dividend of 17.5 fils per share, equivalent to 17.5 per cent of its paid-up capital at the company’s Annual General Meeting (AGM) on Sunday. The company has initially proposed a dividend of 15 per cent.

KAMCO AGM gives nod to 5% cash dividend
(Arab Times - 27/03/2018)

KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, held its Annual General Meeting (AGM) at the Chairman’s Club in KIPCO Tower. The meeting provided shareholders with direct information on the Company’s

Muscat Finance approves 13% dividends
(Times of Oman - 26/03/2018)

Muscat Finance, the pioneer in auto finance, consumer durable finance, equipment leasing, working capital finance and debt factoring services, reported yet another year of strong profits and uninterrupted dividends since inception.<br/><br/> At the

GFH exits Dubai school investment
(Trade Arabia - 26/03/2018)

GFH Financial Group has announced that its 100 per cent owned subsidiary GFH Capital Limited has agreed to sell its 70 per cent stake in the Dubai-based Philadelphia Private School (PPS), which it acquired in October 2014, to well-known businessman

Dubai Investments, consortium of investors to launch Arkan Bank
(Saudi Gazette - 25/03/2018)

DUBAI Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market, has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital

Arkan Bank could tap investors for $100mln through Nasdaq listing
(Reuters - 21/03/2018)

The new Islamic bank being set up by a group of investors led by Dubai Investments could raise up to $100 million within the first 12 months after its listing on Nasdaq Dubai, according to a senior official involved in the deal. Dubai Investments

Dubai Investments to launch new Islamic bank
(Trade Arabia - 21/03/2018)

Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of $100 million.<br/><br/> The authorised share capital of Arkan Bank will be $500

Dubai Investments divests 50% stake in Drive Dubai
(Gulf News - 19/03/2018)

Dubai Investments has announced that its private equity subsidiary Masharie LLC has divested its 50 per cent stake in Dubai International Driving Centre, Drive Dubai, for Dh35 million. <br/><br/> The stake sale generated an internal rate of return (IRR)

KAMCO sponsors 3rd Kuwait Debt Capital Markets Conference
(Arab Times - 14/03/2018)

The Gulf Bond and Sukuk Association (GBSA), in partnership with KAMCO Investment Company and Dentons, held its third Kuwait Debt Capital Markets Conference at The Chairman’s Club in Kuwait. The invitation-only event gathered over 100 local and

DFM revolutionizes cash dividend distribution process
(Gulf News - 13/03/2018)

The Dubai Financial Market (DFM) said it has launched an innovative Dividend Distribution System (DDS) as part of its strategy to provide market participants with smart and efficient solutions.<br/><br/> The new system enables the DFM to distribute the

Investcorp to launch $100m pension fund in Oman
(Trade Arabia - 12/03/2018)

Bahrain-based Investcorp, a leading global provider and manager of alternative investments, will launch a $100 million fund dedicated to Oman’s Pension Funds.<br/><br/> The Opportunities Fund was announced at an event hosted by the Ministry of Defence

Bahrain’s Investcorp bullish about growth prospects in GCC
(Gulf News - 11/03/2018)

Bahrain-based alternative investment firm Investcorp is bullish about growth prospects in the region as the governments undertake privatisation measures to boost economy and create more jobs.<br/><br/> “This region like any emerging market has ups and

Investcorp names new Saudi CEO
(Trade Arabia - 08/03/2018)

Bahrain-based Investcorp, a global provider and manager of alternative investment products, has appointed Yasser Bajsair as CEO of its subsidiary in Saudi Arabia, Investcorp Saudi Arabia Financial Investments Co.<br/><br/> This expands Bajsair’s existing

GFH joins as a founding partner in Bahrain’s fintech hub
(Gulf News - 05/03/2018)

GFH Financial Group said on Sunday its recent partnership with Bahrain Fintech Bay (BFB) as a founding partner of a fintech hub in the Middle East and Africa (Mena) region will drive innovation and create opportunities for growth.<br/><br/> The

Shuaa rising profits mask questions over provisions and commissions
(The National - 02/03/2018)

Shuaa last week announced profits of Dh74 million for 2017 versus a loss of Dh132m in 2016. Quite the turnaround. As always, it is important to examine such large differences in financial performance. So our first step is to look where this came from, an