is a leading full serviced commercial bank offering Shari'a-compliant products headquartered in the Kingdom of Bahrain.
Deputy CEO of ASBB
, Dr Anwar Khalifa Al Sada said that the goal of the Fund is to give investors a long-term, superior risk-adjusted total return through a combination of high, stable, and growing dividends as well as a significant opportunity for capital appreciation.
Under the terms of the proposed business combination, ASBB
will acquire 58.
This initiative comes following an extensive market survey conducted by ASBB
through Manara Developments to identify the housing requirements of this income group",Taqi pointed out.
The signing ceremony, held at BMI Bank headquarters, was attended by BMI Bank chief executive Jamal Al Hazeem, ASBB
chief executive Yousif Taqi along with Meethaq Islamic Banking Group general manager Sulaiman Al Harthy and head of Islamic banking Muhammad Nadeem Aslam.
Shaikha Hessa welcomed the attendees and provided a brief overview of ASBB
as one of the leading banks in the Kingdom of Bahrain, highlighting its achievements, the outstanding financial status it enjoys and the process of the recent acquisition of BMI Bank and Bahraini Saudi Bank(BSB) as well as the projects funded by ASBB
in the United Kingdom.
If the offer is accepted by BSB shareholders, ASBB
will end-up issuing one new ASBB
share for every two ordinary BSB shares to BSB shareholders accepting the offer.
head of retail banking Mohammed Buhijji received the award during a ceremony held at JW Marriott Marquis Hotel, Dubai.
BMI Bank chief executive Jamal Al Hazeem, ASBB
chief executive Yousif Taqi, Meethaq Islamic Banking Group general manager Sulaiman Al Harthy and head of Islamic banking Muhammad Nadeem Aslam were present at the signing ceremony, held at BMI Bank headquarters.
is the sponsor and seed investor for the Al Salam Asia REIT Fund, which will be managed by B&I Capital AG, a pioneer in Asian REIT investments, reported the Gulf Daily News, our sister publication.
Announcing the decision on Sunday, the Bahraini banks said as per the new agreement 11 ASBB
shares will be swapped in exchange for each BMI Bank share.
Director and CEO of ASBB
Yousif Taqi and the CEO of BSB Khalid Shaheen confirmed that both institutions have retained M/s KPMG as independent adviser to the transaction.