05 January 2012
Manama, Bahrain: Despite an unfavorable market environment both regionally and globally, Bahrain Middle East Bank (B.S.C) today the announced distribution of US$ 0.6 million to its private equity fund investors for the quarter ending December 2011 - thereby taking aggregate distributed over the preceding five quarters to US$ 12.2 million.
Manama, Bahrain: Despite an unfavorable market environment both regionally and globally, Bahrain Middle East Bank (B.S.C) today the announced distribution of US$ 0.6 million to its private equity fund investors for the quarter ending December 2011 - thereby taking aggregate distributed over the preceding five quarters to US$ 12.2 million.
Commenting on the distribution, the Chief Executive Officer of BMB Mr. Akbar Habib said that "It gives great sense of pride that - despite market turmoil - we have been able to consistently maintain quarterly distributions to investors since 2009. This further demonstrates the success of the Bank's new strategy, its investment selection criteria and the diversification efforts that have all led to the attainment of the desired objectives. This has been achieved by BMB amidst a challenging environment and notwithstanding its modest size and resources".
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© Press Release 2012
