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Al Salam Bank Bahrain hits 2.5-year high on Emirates Airline aircraft lease
- Bahrain: Wednesday, January 09 - 2013 at 14:35
The Bahrain All-Share Index closed Wednesday unchanged at 1,065.31. Islamic bank Al Salam Bank Bahrain jumped 8.86% to reach BD0.086, the highest level since June 2010. Earlier in the day, Al Salam said it acquired equity stake in two brand new B777-300ER planes on long term lease to Emirates Airline. The planes have been delivered to Emirates Airlines in June and November 2012. The bank had previously acquired in 2007 a Boeing 777-200ER on lease to the Malaysian Airlines. Emirates Airline, the Dubai-based state-owned carrier ordered at the last Dubai Airshow in Nov. 2011 50 planes of that type, worth $18 billion. It was the largest order by value in Boeing's history.
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Gérard Al-Fil, Financial JournalistWednesday, January 09 - 2013 at 14:35 UAE local time (GMT+4)
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