Manama, March 19th, 2013: 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. This was the Bank's debut transaction in June 2009; the development was worth US$ 18.6 million with a total return on invested capital of 37 percent.

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."

-Ends-

About Capinnova Investment Bank:
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 US$500 million and a paid-up capital of [US$151.5] million. 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. www.capinnovabank.com.

For further information please contact:
Maroun Hannoush
Director, Head of Corporate Communications
Capinnova Investment Bank
Floor 38, West Tower, Bahrain Financial Harbour
P.O. Box 5507, Manama,
Kingdom of Bahrain
Tel. Off. : +973 17101010 
Website: www.capinnovabank.com

Prem A. Ramachandran
Managing Director
White Water Public Relations
GSM:0097150-4537253
Email: prem@whitewaterpr.com                   
PO. Box 18936, Dubai, UAE
www.whitewaterpr.com

© Press Release 2013