AME Info | TAIB Bank

Acacia structures its first Shari'ah compliant deal in India

Tue, 12 Aug 2008 04:23:21 GMT

Acacia Real Estate Limited announced that it has acquired a 26% stake in a retail development mall in Delhi through a joint venture with Anant Raj Group, a publicly listed company with a market capitalization of $1.2bn.

TAIB rating upgraded by Capital Intelligence

Tue, 29 Jul 2008 07:24:45 GMT

TAIB Bank B.S.C (c) has announced ratings upgrades by Capital Intelligence Limited, the Cyprus-based rating agency: BBB+ (Triple B plus) for the Long-term Foreign Currency Rating, A2 for the Short- Term Foreign Currency Rating, BBB- (Triple B minus) for Financial Strength, and a 'Support' Rating of 2.

ACACIA acquires three hotels in Thailand

Sun, 29 Jun 2008 10:40:42 GMT

Acacia Real Estate Limited (ACACIA) announced that it has acquired a 50% stake in three internationally branded 5-star hotels in Thailand through a joint venture with Meridia Capital, a Spain-based private equity group, and Capital Hospitality Group, a specialised hotel investment firm.

TAIB strengthens investment banking platform in Turkey

Mon, 09 Jun 2008 12:14:59 GMT

TAIB Bank's high growth plans have been significantly advanced with an important strategic acquisition in Turkey, one of its key focus markets.

TAIB to increase Authorised Capital from $200m to $1bn

Mon, 31 Mar 2008 03:31:14 GMT

At an Extraordinary General Assembly of Shareholders held, based on the recommendations of the Board of Directors, Bahrain-based TAIB Bank's shareholders approved an increase in the Authorised Capital of the Bank from $200m to $1bn, and the Paid-Up Capital from $107m to $250m.