Wednesday 10, March 2010 by
Tadhamon Capital announces $28.6 million profit in its first year
Tadhamon Capital, a category 1 Islamic investment company based in Bahrain, has announced a net profit of $28.6 million for its first period of operations from 15th September 2008 to 31st December 2009. Total revenues for the period amounted to $34 million, including fee income of $30.3 million from arranging transactions and managing portfolios for clients, while profits from proprietary investments contributed $3.7 million. Total operating expenses for the period, which included one-time initial set-up costs, amounted to $5.4 million.
