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Bank Alkhair gets nod to sell stakeBahrain-based Bank Alkhair, an Islamic wholesale bank, has received approval from the State Bank of Pakistan to sell its stake in Burj Bank to Al Baraka Pakistan (ABPL), a subsidiary of Al Baraka Banking Group, reported the Gulf Daily News More… |
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Bank Alkhair names Ayman Sejiny as group CEOBahrain-based Bank Alkhair, an Islamic wholesale bank, has appointed Ayman Sejiny as group chief executive officer. He will be responsible for overseeing the day-to-day operations of the bank and for developing and executing More… |
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Yousef Al-Shelash listed among top ArabsBusinessman Yousef Al-Shelash has been named as one of the World's 100 Most Powerful Arabs in a latest listing. He was recognized by the "Arabian Business" in its 2014 listing for his outstanding role in many regiona More… |
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Bahrain Islamic banks call off mergerA proposed merger of Khaleeji Commercial Bank (KHCB), an Islamic retail bank incorporated in Bahrain, with Bank Alkhair, a Bahrain-based Islamic investment bank, has been called off, said a report. In a statement, KHCB said both b More… |
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Bank Alkhair swings to $4.7m profitBahrain-based Bank Alkhair, an Islamic wholesale bank, said it had returned to profitability with a net profit of $4.7 million for the year ended December 31, 2013 compared to a loss of $39.8 million the year before. The gr More… |
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Bahrain bank Alkhair wins key rulingThe Bahrain Chamber of Dispute Resolution (BCDR) has issued a verdict in favour of Bank Alkhair against Falah Nasser Hamad Al Falah, a former employee of the bank, and its former chief executive Majid Al Refai, said a report. Founded in More… |
Ex-CEO of Bank Alkair ordered to pay fineThe former CEO and another employee of Bank Alkhair have been ordered to pay fines totaling $1.7 million by the Bahrain Chamber of Dispute Resolution (BCDR), the bank said. More… |
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Bank Alkhair names new CEOBank Alkhair, a Bahrain-based Islamic bank, has appointed Khalil Nooruddin, a seasoned banker with over 35 years of experience, as its new managing director and chief executive officer. Nooruddin will be responsible for overseeing More… |
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Bahrain court adjourns trial of ex-CEO of bankBahrain’s High Criminal Court has adjourned the money laundering case filed against Majid Al-Refai, former chief executive officer of Bank Alkhair, until the ruling session on July 8. Al-Refai is accused of money laundering, fraud and ille More… |
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Bahrain court adjourns trial of ex-CEO of bankBahrain’s High Criminal Court has adjourned the money laundering case filed against Majid Al-Refai, former chief executive officer of Bank Alkhair, until the ruling session on July 8. Al-Refai is accused of money laundering, fraud and ille More… |
