Tuesday 24, June 2008 by

Ithmaar Bank launches $800 million real estate company

Ithmaar Bank, a Bahrain-based investment bank, said it has successfully led a consortium of regional institutional investors to launch Naseej, with authorised capital of BD 2 billion ($5.3 billion) and paid-up capital of BHD300 million ($795 million). Naseej will be a fully integrated infrastructure and real estate development company that will service the entire value chain of the real estate and construction industry, according to a statement from the bank.

Features & Analyses

Investment Banking Growth amidst uncertainty

Banker Middle East sat down with Ahmed Saud Ghouth, Chief Executive Officer of Alkhabeer Capital, to talk about the firm’s seven… read more