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Leading Business Intelligence on the Middle East & North Africa

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عربي

Venture Capital Bank

Also known as: VC Bank, VCB

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Updated: Apr 29, 2011

Country

Bahrain

Ownership Type

Private

Company Type

Joint Stock

Sector Definitions

close x

Financial Services
- Investment Firms and Funds
  - Private Equity Firms
    - Islamic
  - Investment Firms
    - Islamic
- Investment Banking
  - Investment Advisory Services
    - Islamic

Zawya Industry Classifications (ZIC)

Sector	Industry
Financial Services	Investment Firms and Funds Private Equity Firms Islamic (Primary Industry) Investment Firms Islamic Investment Banking Investment Advisory Services Islamic

Principal Activities

Provides private equity investments and venture capital services; direct investments; investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting; all in accordance with Islamic principles.

Date of Establishment Year

2005 (October)

No of Employees

76 Company, N/A Group (As of Apr 29, 2011)

Contact Details

Address:

Venture Capital Bank Building
7th and 8th Floor
Road 1704
Diplomatic Area
P.O. Box 11755
Manama
Capital
Bahrain

Tel:

+973 17-518888

Fax:

+973 17-518880

Email:

contact@vc-bank.com

Website:

www.vc-bank.com

Related Links:

www.lemissoler.com
www.germanortho.com
www.mozonholding.com
www.hod.com.sa
www.challengerlimited.com
www.onebahrain.com
www.qcon.com.qa

M&A Details

Acquistion

Status

Complete

Acquirer

Venture Capital Bank

Target

Gulf Projects Company WLL

Announcement Date

24 Dec 2009

Closing Date

24 Dec 2009

» View Details

Major Shareholders

Published with Limited Information

Direct Investments and Related Entities

Subsidiaries/Associates/Affiliates

Name	Country	Holding
Gulf Projects Company [GPC]	Bahrain	100.00%
Saudi Venture Capital Investment Company [SVCIC]	Saudi Arabia	100.00%
Lemissoler Maritime Company	Bahrain	89.64%
Great Harbour – Hidd	Bahrain	56.80%
Global Real Estate Company	Bahrain	50.00%
Omran Al Bahrain Real Estate Investment Company	Bahrain	50.00%
World Development Company Limited [WDCL]	UAE	50.00%
Dari Holing	Bahrain	43.00%
German Medical Center	Bahrain	30.00%
Venture Capital Fund	Bahrain	30.00%
Mozon Holding	Morocco	20.00%
Challenger Limited	Libya	-
Difaaf – Reef Island	Bahrain	-
Goknur Foods Import Export Trading and Production Company	Turkey	-
Jeddah Central District Company [JCDC]	Saudi Arabia	-
One Bahrain	Bahrain	-
QCON	Qatar	-
Tatweer Consultancy Company	Bahrain	-
The Lounge	Bahrain	-

Investments

Name	Country	Holding
Gulf One Investment Bank	Bahrain	3.15%
German Orthopaedic Hospital	Bahrain	-
Global Omani Development and Investment Company [GLOREI]	Oman	-
Jebel Ali Labour Accomodation	UAE	-
Liquidity Fin con	Bahrain	-
Mozon Investment Holding Company	Morocco	-
Royal Maternity Hospital	Bahrain	-
Saudi Venture Capital Investment Company	Saudi Arabia	-
Venture Estates	UAE	-

Structured Funds and Investments		Holding
MENA Small and Medium Enterprises Fund I	Bahrain	-


Subsidiaries/Associates

ITWorx	Egypt	30.00%
Investments

Jordan Abyad Fertilizers and Chemicals Company	Jordan	14.40%
Qatar Engineering and Construction Company	Qatar	12.00%
Venture Capital Fund	MENA	-


Investments

Dar Alwasmi Company	Bahrain	-
Dutch Delight Chocolate Company	Bahrain	-
Venture Capital Fund	MENA	-

Representatives

Auditors

Ernst and Young Bahrain

Law Firms

Hatem S Zu'bi and Partners

Financial Results	31-Dec-09	31-Dec-10	Yr on Yr
	USD'000	USD'000	change (%)
Total revenues	32,473	(446)	(101.37)
Net profit	11,013	(47,602)	(532.23)
Total assets	356,001	249,246	(29.99)
Paid-up capital	173,250	250,000	44.30
Shareholders' Equity	285,797	239,702	(16.13)
Shares outstanding	173,250	250,000	44.30