Capinnova successfully exits its debut transaction in retail sector
- Bahrain: Tuesday, March 19 - 2013 at 16:02
- PRESS RELEASE
Capinnova Investment Bank, the Shari'a compliant investment banking arm of BBK, announced that the Bank has successfully exited one of its most successful financing transaction as a Shari'a compliant financier in the development of the 'Oasis Mall' which is the largest retail mall in Muharraq, Kingdom of Bahrain.
Mr. Jamal Hijres, Capinnova's Chief Executive Officer said: "This was the first deal for Capinnova after its inception and is compatible with the strategic areas of focus by the works of the Bank. We are pleased to express our pride in the completion of this project."
Capinnova Investment Bank is a Shari'a compliant investment bank licensed by the Central Bank of Bahrain and is wholly owned by BBK. The bank is well capitalized with an authorized capital of $500m and a paid-up capital of $151.5m. The Bank's core areas of business include private equity, asset management and corporate finance. Capinnova's vision is to be a world class Islamic investment bank offering a range of high quality Shari'a compliant products and services to a diverse clientele including financial institutions, companies & establishments, high-net-worth-individuals and family businesses, regionally and globally. The Bank's mission is to become the Islamic investment bank of choice and a niche player, providing clients in the GCC and the MENA region with superior investment products aimed at building and sustaining shareholder value, whilst maintaining an optimal balance between risks and returns.
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