BLOM


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AcronymDefinition
BLOMBanque du Liban et d'Outre-Mer (Beirut, Lebanon)
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References in periodicals archive ?
BEIRUT: BLOM Bank recorded the highest net profit among the four listed lenders in Lebanon for 2018, BLOMINVEST reported Thursday.
Last week, BLOM Egypt held a press conference to reveal its results for 2017.
In a statement, Blom Bank said, 'This acquisition falls under Blom Bank's strategy of expanding its customer base and diversifying its assets and sources of revenue.
On an individual basis, BLOM BANK reported the highest net profit of $226.68 million, growing by 19.08 per cent from the first six months of 2015.
On 19 August, Merckx said it had bought a 36.45% stake in Blom at NOK0.10 (USD0.02/EUR0.01) per share and earlier this month commenced a mandatory offer for the rest of the stock at the same price.
25 September 2013 - Norwegian mapping and modeling services provider Blom ASA (OSL:BLO) announced today its board is supporting the mandatory tender bid launched by Merckx AS to buy all of the company's shares it does not already own.
Blom said it allocated nearly $63 million in net provisions "to account for the challenging operating conditions in Lebanon and the region" and pointed to a "noticeable decline" in its operations in neighbouring Syria, suffering a bloody civil war.
The aforementioned dispute surrounds Blom's English law governed master wakala contract with TID (the "Contract").
Even in summary, however, Blom's views cause some unease.
BLOM Invest Maskan Arabia for Real Estate Development Fund is considered one of the leading real estate investment funds that comply with Islamic Shariah.