13 Apr 2010
Bahrain: Bahrain’s pioneer in retail and commercial banking, BBK, announced that its recently launched ‘BBK- ING MENA INVEST FUND’ which is open for investors has seen its Net Asset Value increase of more than 10% since its date of launch this February. The fund is an open ended equity fund that seeks long term capital appreciation by investing in a portfolio of companies whose securities are listed in the GCC and MENA markets.
With a fund rating of ‘AA’ by Standard & Poor’s, the BBK-ING (L) Invest Middle East & North Africa fund brings with it various advantages like daily entry and daily liquidity, highly regarded investment managers with an excellent track record, thorough fundamental analysis for investment decision making and risk management capabilities of international standards amongst others.
“We are glad to announce this increase in the Net Asset Value of the fund during this short period of time. Being open ended, Investors can take benefit by entering this fund anytime and so far we have got good response from investors. The Bank has conducted due diligence and also invested in the fund which had a proven success record with a performance of 34.2% in the year 2009 and more than 10% year to date. The fund provides complete transparency to the customers, a monthly detailed report is being sent to all investors,” said A.Karim Bucheery, CE of BBK.
Other benefits of the fund include: no performance fee charged, no redemption charges involved and no lock up period for the investment.
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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