The Modaraba will invest in the lucrative Turkish real estate market. A 60% projected return on investment is expected over the three-year investment term of the Modaraba.
There was a strong interest in the Modaraba …Read full article » Bahrain: Sunday, April 13 - 2008 @ 09:50
Also in attendance were Shaikh Nizam Yacoobi; Executive Committee Member; new Member of the Sharia’a Supervisory Board Shaikh Mohsin AI Asfoor, Mr Ismail A. AI-Awadhi the Bank’s Sharia’a Supervisor and Mr Mohammed Hussain, Shamil Bank’s …Read full article » Bahrain: Wednesday, June 22 - 2005 @ 17:00
The formation of Al Marsa follows the joint venture agreement that was entered into between the same parties earlier in June. Al Marsa is a Bahraini company approved by the Bahrain Monetary Agency (BMA) and …Read full article » Bahrain: Tuesday, October 15 - 2002 @ 10:16
The financial position at the end of the period showed a growth in total assets by 3.7%. The result improved earning per share for the period to $0.045 from $0.029 per share compared to the …Read full article » United Arab Emirates: Wednesday, April 27 - 2005 @ 16:58
The conference is, this year, being organised by the Federation of Arab Businessmen and the Egyptian Businessmen’s Association to discuss the implications of the current financial crisis on the private sector in Arab countries and …Read full article » Bahrain: Saturday, November 15 - 2008 @ 15:42
The short-term Foreign Currency rating of “A3” and support rating of “2” were maintained with a Stable Outlook assigned to all ratings. Capital Intelligence is the leading emerging markets rating agency, specialising in the analysis …Read full article » Bahrain: Saturday, December 09 - 2006 @ 13:01
Total operating income during the year increased by 11.5 per cent to US$63.9 million and earnings per share increased to US$0.13 from a previous US$0.09. This performance is a clear reflection of the Bank’s ability …Read full article » Bahrain: Thursday, February 24 - 2005 @ 09:49
Over 400 people were invited to attend the luncheon by Shamil Bank who launched the fund managed by Securities and Investment Company (SICO) and Gulf Clearing Company (GCC) the custodian and registrars of the Fund. …Read full article » Bahrain: Tuesday, June 21 - 2005 @ 09:44
“Shamil ReachOut,” the Kingdom’s first and only mobile banking service, boasts a fleet of six specially branded vehicles providing door to door service to customers five days a week between 10 a.m. and 6 p.m.
“Shamil …Read full article » Bahrain: Saturday, May 20 - 2006 @ 13:25
The agreement was signed by Mr. Mohamed Hussain, Chief Executive, Shamil Bank and Mr. Sameer Al-Wazzan, Chief Executive Solidarity Company. Also present on the occasion were Mr. Khalid El-Ruby, General Manager, Commercial Banking, Shamil Bank, …Read full article » Bahrain: Tuesday, May 01 - 2007 @ 15:25