13 Feb 2012
(MENAFN) Bahrain’s Investcorp said that in the June-December period, profit plunged to USD5.3 million, from USD56.2 million in 2010’s same period, reported The National.
The alternative investment manager added that the decline was driven by negative returns from hedge funds as a result of the turbulence caused by the euro-zone crisis.
It also said that since 2008, it closed four private equity deals in Turkey, Saudi, the UAE and Kuwait.
The firm, which has USD11.6 billion in assets under management, said that it sold its stake in Redington International Holdings, in which the Bahraini company invested USD65 million for a 26 percent stake, to its parents company.
It is worth noting that the sale will gross proceeds of USD114.8 million, representing a gross USD49.8 gain, and net internal rate of return of 17 percent.
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more