TLC Holdings has signed a definitive purchase agreement to acquire TLC’s assets. The financial closing is expected to take place within the next few months. The total value of the transaction is expected to be …Read full article » Bahrain: Monday, May 03 - 2004 @ 13:25
Atif A. Abdulmalik, First Islamic’s CEO, said “ We are delighted to receive this award from such a prestigious organization as Euromoney, which recognizes the achievements of the Bank since our establishment five years ago. …Read full article » Bahrain: Tuesday, January 21 - 2003 @ 17:01
First Islamic and its co-investors, RWE Innogy Plc, a leading integrated UK energy business, and another private equity investor, will each hold a 33.3% interest in the portfolio through Zephyr Investments Limited (“Zephyr”).
The Zephyr portfolio …Read full article » Bahrain: Tuesday, March 30 - 2004 @ 16:03
The joint venture vehicle, Sunrise First Assisted Living Holdings LLC (“Sunrise First LLC”), has acquired lease (Ijara) interests in 12 properties comprising 940 residential units in the assisted living sector in the United States. The …Read full article » Bahrain: Monday, March 25 - 2002 @ 14:13
The transaction is valued at approximately €232 million (euros).
Shurgard Europe is the largest developer, owner and operator of self-storage facilities in Europe. First Islamic and its co-investors will hold an 80 percent interest in the …Read full article » Bahrain: Sunday, June 29 - 2003 @ 17:16
First Islamic arranged the combination of Yakima Products, Inc., a leading manufacturer of multi-sport racks and rack accessories for automobiles, and WaterMark Paddlesports, Inc., the largest manufacturer of kayaks and paddle sports accessories in the …Read full article » Bahrain: Tuesday, April 02 - 2002 @ 14:47
The Sukuk issue, known as First Islamic Registered Aman Euro Notes (Euro FIRSAN), was oversubscribed by €25 million. LMC is acting as the Sukuk Manager for Euro FIRSAN.
Abdulaziz Aljomaih, First Islamic’s Vice Chairman, said …Read full article » Bahrain: Sunday, October 03 - 2004 @ 09:42
The joint venture vehicle, Crescent Euro Industrial I, will acquire usufruct lease interests in a Portfolio of industrial distribution facilities in Germany.
The Portfolio is expected to consist of 5 to 8 stabilized industrial distribution facilities …
First Islamic did not disclose the total transaction value but intends to place approximately €45 million of the transaction with its investors. Bank of Ireland, in its first sole lead-arranged transaction in France, provided the …Read full article » Bahrain: Wednesday, October 20 - 2004 @ 09:09
Uniting its businesses in the Middle East, North America and Europe is a key part of the bank’s strategy to evolve into a leading international financial institution, offering corporate investment, real estate investment and asset-based …Read full article » Bahrain: Monday, February 28 - 2005 @ 10:04