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.

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