Mr. Adel Al Asoumi, Chairman of Houra and Gudhaybeya Charity Fund thanked Khaleeji Commercial Bank for its contribution towards sponsoring a number of needy families in association with the Charity Fund. As part of its Zakat fund program, the Bank work…
The two entities signed an MoU on the potential merger and a steering committee of senior representatives from both parties has been formed. Subsequently, a service provider was appointed to undertake valuation of both entities. KHCB has also appointe…
Mr. Yousef Al Mahmeed, Chairman of Hamad Town Charity Fund thanked Khaleeji Commercial Bank and its chairman Dr. Fuad Al Omar for its contribution towards sponsoring a number of needy families in association with the Charity Fund. Khaleeji Commercial B…
Khaleeji Commercial Bank and Bank Al Khair, a pair of Bahraini banks, are in talks over a potential merger. The banks have signed an agreement to explore the feasibility of a merger and are forming a steering committee to do due diligence and execute t…
Bahrain-based Gulf Finance House (GFH) is studying options to merge its affiliate, Khaleeji Commercial Bank (KCB), with other Bahraini banks. It did not say which Bahraini banks it was considering as merger partners.
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Gulf Finance House established a net loss of $11.23 million in the second quarter due to higher finance expenses and the impact of exchange rates.
Hisham Al Rayes, chief investment officer at GFH, stated that they are expecting a larger contribution to…
Sakana Holistic Housing Solutions and Khaleeji Commercial Bank will work together in a Commodity Murabaha financing facility worth$10.6m (BD4m) over a four year period.The Commodity Murabaha will be operating for working capital by Sakana.
Sakana Holistic Housing Solutions recently gained access into commodity murabaha financing facility with Khaleeji Commercial Bank for BHD 4 Mil (equivalent USD 10.6 Mil) over 4 years.
The attendents at the signing ceremony were: Mr. Reyadh Yousif Sater…
Khaleeji Commercial Bank (KHCB) is going to donate three mobile health care units to cater to the elderly and provide them with primary health care services.
Mr. Ebrahim H. Ebrahim, CEO and Board Member of KHCB, announced that KHCB is continuously enga…
Gulf Finance House (GFH) made a progres by reducing its net loss from $728 million in 2009 to 349 million US dollars in 2010.
The banks debt profile was restructured by repaying $200 million of $300 million Murabaha financing facility in February 2010 …
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