Deloitte Corporate Finance (Bahrain) receives a License from the Central Bank of Bahrain

Manama, Kingdom of Bahrain - 06 March, 2011 - The Central Bank of Bahrain (CBB) has granted an Investment Business Firm - Category 3 License to Deloitte Corporate Finance Limited (DCF), a DFSA licensed Investment Business Firm in the UAE, to open a branch in the Kingdom of Bahrain.

DCF is an affiliate of the UK and Middle East member firms of Deloitte Touche Tohmatsu Limited which provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte is one of the 'Big 4' professional services firms in the world

Deloitte Corporate Finance Limited in Bahrain intends to provide the full range of financial advisory services currently provided by DCF (Dubai) including Islamic financial advisory services.

Mr. Ahmed Al-Bassam, Director of Licensing & Policy, Central Bank of Bahrain stated "We welcome Deloitte's decision to set up a regional branch of DCF in Bahrain". He further added "this branch is licensed to provide corporate finance solutions to clients based in Bahrain as well as in the region. In addition the provision of Islamic financial advisory services we believe, will contribute significantly to the development of the Islamic finance industry".

"Bahrain was selected for the location of the new branch in recognition of Bahrain's status as a regional financial hub," said Roger Nasr, Managing Partner, Deloitte Bahrain.

"The establishment of a branch of Deloitte Corporate Finance Limited in Bahrain represents yet another significant milestone in Deloitte's strategic investment in the Middle East region," said Dawood Ahmedji, General Manager, Deloitte Corporate Finance Limited in Bahrain.

He added, "Deloitte Corporate Finance Limited in Bahrain is an integral part of our strategy to have a dedicated team of specialists providing financial advisory services to clients throughout the region. We look forward to sharing our corporate finance expertise with clients based in Bahrain and those looking to invest in Kingdom."

In addition to the main Deloitte office and the new Deloitte Corporate Finance Limited branch, Deloitte also selected the Kingdom for the location of its regional Islamic Finance Group, which was launched in 2010.

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Central Bank of Bahrain (CBB)
Contact: External Communications Unit
Tel: +973 17547357/17547360
E-mail: media@cbb.gov.bh
Website: www.cbb.gov.bh