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Sico H1 net profit up 19pc to hit $6.6m
(Trade Arabia - 31/07/2018)

Bahrain-based Sico, a leading regional asset manager, said that its net profit for the first half of 2018 increased by 19 per cent to BD2.5 million ($6.6 million) from BD2.1 million for the corresponding period of last year. <br/><br/> Total operating

GFH fully settles $200m sukuk
(Gulf News - 30/07/2018)

Gulf Finance House said on Sunday it has fully settled its $200 million (Dh734 million) sukuk, which was originally drawn in 2007. The facility,which was payable over several tranches with final maturity in July 2018, has now been settled with a recent

GFH to buy UAE lifestyle tech platform Entertainer
(Trade Arabia - 30/07/2018)

Bahrain-based GFH Capital, a leading financial group in the region, has reached an agreement with leading UAE conglomerate Al Futtaim to complete the landmark acquisition of the Entertainer, one of the leading incentive providers and lifestyle technology

KAMCO issues KD 40m bond with 5-year tenure
(Arab Times - 30/07/2018)

KAMCO Investment Company, a leading investment firm with one of the largest AUMs in the region, issued a KD 40 million, five-year tenure bond, with KAMCO and Gulf Bank as Joint Lead Managers and Arrangers for the debt securities issuance.<br/><br/> The

DFM posts net profit of Dhs82.8m
(The Gulf Today - 24/07/2018)

The Dubai Financial Market, DFM, on Monday announced its financial results for the first half of the year ending 30th June, 2018, recording a net profit of Dhs82.8 million, compared to Dhs145.6 million during the corresponding period of 2017,

GFH awards $150m Dubailand project contract
(Trade Arabia - 22/07/2018)

Bahrain-based GFH Financial Group (GFH) said it has awarded a turnkey engineering, procurement and contracting (EPC) deal to China Machinery and Engineering Corporation (CMEC) for the construction and financing of up to 85 per cent of its Dubailand-based

Shuaa discloses $8.83m exposure to Abraaj
(Gulf News - 12/07/2018)

Shuaa Capital said on Wednesday it has an $8.83 million (Dh32.43 million) exposure, along with its clients, to embattled private equity firm Abraaj. The total exposure amounts to 3.6 per cent in the Abraaj Buyout Fund, with $4.9 million on Shuaa’s

GFH to pursue David Haigh's Dubai and London assets in damages enforcement
(The National - 09/07/2018)

GFH, the Dubai-listed parent of investment banking company GFH Capital, will start enforcement proceedings in Dubai and London for an award of around $5.1 million (Dh18.73m) in damages it received in a judgment against its former employee David Haigh

Bahrain’s GFH makes headway with India housing venture
(Gulf News - 09/07/2018)

Bahrain’s GFH Financial Group is starting to make headway with its plans to develop real estate in India. Its first township — the Wadhwa Wise City — has been unveiled at Panvel in the western Indian state of Maharashtra.<br/><br/> Pre-launch sales have

Waha Capital plans to hire for new fund targeting US and Europe
(The National - 08/07/2018)

Abu Dhabi investment firm Waha Capital plans to hire more people as it seeks to start new funds, one of which will target undervalued US and European equities. <br/><br/> “Our strategy is to increase fee income by raising third-party assets under

Investcorp adds senior official to International Advisory Board
(Times of Oman - 08/07/2018)

Investcorp, a global provider and manager of alternative investment products, announced that Dr Ann-Kristin Achleitner, a business economist and Professor of Entrepreneurial Finance Studies at the Technical University of Munich (TUM), has been appointed

GFH gets top Fitch ratings, stable outlook
(Trade Arabia - 08/07/2018)

Bahrain-based GFH Financial Group (GFH) said it has received a long-term issuer default rating (IDR) at 'B’ from international credit rating agency Fitch with a stable outlook. The short-term IDR has also been affirmed at 'B'.<br/><br/> The affirmation

Global equity markets strengthen during Q2: KFIC
(Arab Times - 08/07/2018)

Kuwait Finance and Investment Company (KFIC) announced its report for June 2018 which discusses the status of local and international markets. International Economic Overview Global equity markets strengthened during the Quarter as the MSCI World Index

Waha Capital plans to hire for new fund targeting US, Europe
(Gulf News - 05/07/2018)

Abu Dhabi investment firm Waha Capital PJSC plans to hire more people as it seeks to start new funds, one of which will target undervalued US and European equities.<br/><br/> “Our strategy is to increase fee income by raising third-party assets under

Ithmaar Bank renews its PCI-DSS certification
(Biz Bahrain - 04/07/2018)

Ithmaar Bank, a Bahrain-based Islamic retail bank, announced that SISA Information Security, the Middle East region’s leading security assessor, has renewed its certification of the Bank to confirm the highest payment security standard possible for any

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