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

Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more