Bahrain: Bahrain Islamic Bank eyes regional listings

Click here: Zawya.com – Bahrain Islamic Bank eyes regional listings

With the launch of its new corporate identity Bahrain-based region’s oldest Islamic bank Bahrain Islamic Bank (BisB) yesterday unveiled an ambitious business plan aimed at taking the bank to the new heights of progress and development.

The chairman of the bank’s board said that the bank would tap the opportunities across the Gulf countries including listing on various GCC stock exchanges to enhance its equity base apart from business objectives. Khalid Abdulla Al Bassam, board Chairman, said that the bank which had successfully doubled its capital in September would continue to pursue a proactive

The chairman, along with the managing director, Nabeel Ahmed Ameen, and acting CEO Mohammed Ebrahim Mohammed, addressing a Press conference held at the Ritz-Carlton Hotel and Spa, said that the consistent growth since 2004 in financial gains was a success story behind the bank’s ambitious expansion plan for 2007 and beyond.

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