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Shamil exits real estate fund
- Bahrain: Monday, October 02 - 2006 at 15:33
The Shamil Bank has announced its exit a year earlier than planned from Ehsa 2 Morabaha, one of its real estate Morabaha funds. The fund financed the $96m purchase and sale of a 17.9m sqft area of land in the Al Ehssa region of Saudi Arabia. Abdulhakim Al Mutawa, Head of Private Banking, said that clients who invested in the Morabaha have received their expected returns on exiting.
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