Solidarity and First Leasing Bank honoured at the Islamic Finance News Awards

Notes and media contacts

For more information please contact:
Tariq Khonji, Bassel Hanbali

About Solidarity Group:
Solidarity Company BSC (closed), incorporated under the laws and regulations of the Kingdom of Bahrain, has a farsightedness to become the leading international Islamic-oriented financial services group in the world.

Solidarity's authorised capital of US$500 million and it's paid up capital of US$220 million is used to better our workings and further our client services. The Group primarily provides oversight and support to its subsidiaries, associates and joint ventures.

Solidarity Group, with its recently established flagship subsidiaries - Solidarity Family Takaful Company and Solidarity General Takaful Company - in the Kingdom of Bahrain, is going to strengthen the financial services not just in the Middle East but worldwide.

About First Leasing Bank:

Established in August 2004, FLB has a paid-up capital of $100m, and is the first bank in the GCC dedicated exclusively to the introduction and expansion of equipment leasing throughout the region. The Bank provides finance and operating leases for most asset classes, including industrial, manufacturing, medical, printing and publishing, construction, telecommunications, IT, transportation and marine.

About Ithmaar banking group

The Ithmaar banking group consists of: Ithmaar Bank, Shamil Bank, Solidarity (an Islamic insurance company), Faisal Private Bank (Switzerland), Faysal Bank Limited (Pakistan), First Leasing Bank and Ithmaar Development Company. The group's services, including investment, private, retail, and commercial banking, private equity, mergers & acquisition advice, takaful, leasing, and real estate development, form a 360 degrees value chain that embraces the entire spectrum of banking and financial services.