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Saturday, December 5 - 2009

Addax donates to Bright Beginnings Day Care

Addax Investment Bank has made a donation of BD 1000 to Bright Beginnings Day Care & Child Development Center.

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  • Yousef Al-Essa, CEO, Addax Investment Bank handing over the cheque to Mrs Anisa Asad.
    Yousef Al-Essa, CEO, Addax Investment Bank handing over the cheque to Mrs Anisa Asad.
Bright Beginnings, located in Adliya, provides quality early childhood education to children between the ages of three months and three years. Soon to expand its age group to older children, Bright Beginnings also provides after school enrichment programs, summer camps and day care services that extend to 4:30pm.

The center is the brainchild of local entrepreneurs Anisa Asad and Hadeel Al Essa and implements internationally recognized curricula that stimulates and encourages optimal early childhood development learning. In line with its strategy to support the local community and fund education-based initiatives Addax Investment Bank has lent its support to Bright Beginnings.

In November last year Addax Investment Bank launched Addax Education Holdings (AEH), a holding company based in the Kingdom of Bahrain, to invest and manage education and education related businesses across the GCC, Middle East and North Africa. Addax's support of Bahrain's latest education venture reflects the bank's commitment to contribute to the long-term growth and development of the Kingdom's youth.

Photo Caption: Yousef Al-Essa, CEO, Addax Investment Bank handing over the cheque to Mrs Anisa Asad.
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Notes and media contacts

For further information on Bright Beginnings Day Care & CDC please Call
Tel: 17 710405 - Fax: 17 749405

For further information on Addax Investment bank please
Contact Mona Akhtarzada
Tel: +973 17 560 444
Fax: +973 17 560 445

About Addax Investment Bank
Addax Investment Bank has an authorised capital of US$100 million and is regulated by the Central Bank of Bahrain (CBB). The Bank was formed in 2003 and has been involved in a number of high profile deals in the region.

Addax Investment Bank's landmark deals include: participation with Dubai International Capital and other lead investors in creating JD Capital, a US$300 million (approximately) company targeting investment opportunities in Jordan. Addax Investment Bank was also responsible for the structuring and placement of the US$ 150 million deal to finance 20 Express by Holiday Inn hotels across five countries in the GCC.

Additionally, Addax Investment Bank has launched a US$1 billion investment fund, the MENA Serviced Residence Fund, in collaboration with The Ascott Group of Singapore, to acquire and manage a chain of serviced residences throughout the Middle East and North Africa. The first phase of capital fund raising towards the US$ 1 billion MENA Serviced Residence Fund was successfully completed earlier this year; the private placement was well received by investors and was oversubscribed by 150% within record time.

In September 2006 Addax Investment Bank formed its newest subsidiary, Addax Media BSC. Addax Media, wholly owned by Addax Investment Bank will be a holding company that will focus on acquiring innovative, high-quality media productions ranging from full length movies to television serials. Addax Media's first production "Khalid Bin Waleed" was aired on MBC and Dubai Television.

In November 2006, Addax Investment Bank, launched Addax Education Holdings (AEH), a holding company based in the Kingdom of Bahrain, established in partnership with a team of education and private equity professionals to invest and manage education and education related businesses across the GCC, Middle East and North Africa.

Addax is fast gaining a reputation for launching innovative and unique deals in the Middle East region.

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