Monday 21 April 2014

Tharawat, IIB buy into Saudi fast food brand

Bahrain-based Tharawat Investment House, an Islamic investment house, and International Investment Bank (IIB) have acquired a 49 per cent stake in Saudi Arabia’s Hungry Bunny fast food restaurant chain. The Hungry Bunny bran


Tharawat, Tokyo firm ink engineering JV

Tharawat Development, a leading Saudi-based diversified business house, has signed a joint venture with Tokyo’s Azbil Corporation to expand the plant life cycle support business in the kingdom. The affiliate, named Azbil Saudi Arabia Limit


Tharawat to set up $50-$60m Saudi equity fund

Bahrain-based Islamic investment house Tharawat plans to launch in the third quarter a $50-$60 million private equity fund investing in a Saudi Arabia real estate project, its director said. A strategic investor has pledged $30 million to


Tharawat to raise $100m for sukuk fund

Bahrain-based Islamic investment house Tharawat said it plans to raise $100 million by year-end for a sukuk fund it recently launched to snatch up bargains on the secondary market. Tharawat chief executive Arif Moh'd Al Alawi also told Reu

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