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Al Baraka Banking Group's Q1 net income up 11pcAl Baraka Banking Group (ABG), a leading Bahrain-based Islamic banking group, has reported a 11 per cent growth in its net income for the first quarter which rose to $57 million compared to $52 million for the same period last year. More… |
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Al Baraka to pay $69.3m dividendsAl Baraka Banking Group, a leading Islamic lender based in Bahrain, has announced plans to distribute dividends worth $69.3 million including cash and stock to the shareholders for 2012. The stock dividends amounting to $33.8 mill More… |
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Al Baraka unit seals $450m Turkish dealBahrain-based Al Baraka Banking Group said its Turkish subsidiary has concluded a record Islamic finance deal in Turkey worth $450 million with the participation of a group of major international banks. Thirty-two banks from 16 co More… |
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Al Baraka Egypt unit inks projects dealBahrain-based Al Baraka Banking Group's Egyptian subsidiary has signed a contract with the World Bank to finance around 4,400 projects in Egypt. The deal is worth 200 million Egyptian pounds ($33 million) and is divided equall More… |
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Al Baraka posts 7pc Q1 profit riseBahrain-based Islamic lender Al Baraka Banking Group posted a 7 per cent increase in first-quarter net income, the bank said in a statement on Wednesday. The bank, which has operations in 15 countries includi More… |
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Al Baraka Jordan unit posts $56m profitJordan Islamic Bank (JIB), part of the Al Baraka Banking Group, achieved net profit before tax of $55.99 million last year when compared to $57.40 million in 2010. The bank said its net profits after tax reached $39.92 million for 2011. Th More… |
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Al Baraka announces $175m dividendsAl Baraka Banking Group (ABG) has announced the distribution of $175.36 million to shareholders, representing cash and stock dividends for the financial year 2011, approved by the AGM. The bank said the cash dividends of $30.43 million equ More… |
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Al Baraka eyes more growth, Indonesia buyBahraini Islamic lender Al Baraka Banking Group aims for 15 per cent growth in net profit this year and plans to buy a 75 per cent stake in an unlisted Indonesian bank as part of its global expansion plan. &# More… |
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Al Baraka joins BFX Islamic unitAl Baraka Banking Group (ABG), a leading international Islamic financial group, has become a registered user of Bait Al Bursa, the Islamic finance division of Bahrain Financial Exchange (BFX). The first multi-asset exchange in the Mena reg More… |
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Al Baraka 9-month income rises 13pcAl Baraka Banking Group achieved a net income of $166 million in the first nine months of this year, up 13 per cent over the same period last year. Total operating income rose 15 per cent to $535 million. After deducting all opera More… |
