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AlBaraka Türk closes $319m Murabaha financingAlBaraka Türk, a pioneer in the field of interest-free banking in Turkey, has closed a syndicated Murabaha financing facility worth $319 million. Arab Banking Corporation, Dubai Islamic Bank, Emirates NBD More… |
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AlBaraka Türk wins $213m financingAlBaraka Türk, one of the pioneers in the field of interest-free banking in Turkey, has reported the success of its syndicated Murabaha financing facility. Due to the oversubscription, Albaraka Türk has decided to increa More… |
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Al Baraka unit in $268m syndicated loan facility successAlbaraka Türk Katılım Bankası (Albaraka Türk), a unit of Bahrain-based Al Baraka Banking Group, has successfully closed a $268 million syndicated Murabaha financing facility on April 9, it was announced yesterday (April 13). More… |
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Albaraka Turkish unit secures $150m fundingAlbaraka Banking Group said its Turkish subsidiary has mandated several major banks to arrange a $150 million dual-currency syndicated finance facility to expand its activities in the country. Albaraka Türk said the banks involved in the a More… |
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Saar Central in home financing dealSaar Central, a premier real estate project in Bahrain, said it has signed a deal with AlBaraka Islamic Bank to offer attractive home financing schemes to its potential customers and buyers. Built on a sprawling 65,000 sq m area, the More… |
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Albaraka Syrian unit IPO oversubscribedBahrain-based Islamic lender Al Baraka said on Sunday the initial public offering of a stake in its Syrian unit has been oversubscribed 4.4 times. It said the IPO of a 35-percent stake in the unit with capital of $100 million attracted sub More… |
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Albaraka sees '09 net flat, Syria IPO in JulyBahrain's Albaraka sees its full-year net profit at about last year's level as it invests in its banking systems and opens new branches, and plans to list its Syrian unit before August, its chief executive said. Albaraka, Bahrain's largest More… |
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Albaraka sees '09 profit growth at 7pcThe chairman of Bahrain-based Islamic lender Al Baraka Banking Group expects a 7 percent rise in profit this year. "It's about 7 percent," said Sheikh Saleh Kamel when asked by Reuters on the sidelines of an economic conference in Beirut a More… |
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Albaraka H1 net operating income up 81pcBahrain-based Albaraka Banking Group’s (ABG) net operating income in the first half of the year increased by 81 per cent to $174.96 million. ABG recorded a net operating income of $96.58m for the same period last year. This ri More… |
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Albaraka plans $200m acquisitionsBahrain's Albaraka Banking Group plans to spend around $200 million to consolidate its presence in the Middle East including a possible acquisition in Asia this year, its chief executive said on Thursday. Adnan Yousif said IPOs would mainl More… |
