Tadhamon Capital-- one of the newest Islamic investment companies in Bahrain with a category 1 licence from the Central Bank of Bahrain --will be officially launching its new corporate GCC headquarters on Monday, 19th October 2009, in the Kingdom of Bahrain. Tadhamon Capital is the first investment company in Bahrain fully owned by Yemeni shareholders and is poised to open the doors to greater two-way investments between GCC and other MENA countries and Yemen.
Tadhamon Capital's new offices will be inaugurated at the Bahrain Financial Harbour and the launch will be attended by key figures in the Bahraini, Yemeni and regional Islamic investment banking industry. The event will take place under the patronage of H.E. the Governor of the Central Bank of Bahrain, Mr. Rasheed Al Maraj.
Commenting on the upcoming launch, Mr. Waleed Rashdan, Chief Executive Officer of Tadhamon Capital, said "I am delighted to announce that Tadhamon Capital stands fully equipped and ready to provide its clients with a complete and diverse range of Sharia'a compliant products and services across Asset Management, Real Estate, Private Equity, Treasury and Wealth Management. We have built a high-calibre team of specialists and invested significantly in cutting edge technology solutions."
Mr. Rashdan further added that although global financial markets have recently witnessed turbulent times, there are at present tremendous opportunities for discerning investors. Tadhamon Capital will aim to help its clients and shareholders to successfully harness those opportunities.
Tadhamon Capital is a 100% owned subsidiary of Tadhamon International Islamic Bank (TIIB), the largest bank in Yemen, which is itself majority owned by a large and highly reputed Yemeni conglomerate, Hayel Saeed Anam & Co Group (HSA Group), with Qatar Islamic Bank also as a prominent shareholder.
Established in 1938, HSA Group of companies is one of the largest and premier business conglomerates in Yemen with business activities spread across a diverse geographic region including Europe, Asia, the GCC and North Africa. The HSA Group pays special attention to social development and effective participation in the economic growth and development of the countries in which it operates.
TIIB is the largest bank in Yemen and offers Islamic banking and investment services to a broad demographic of customers in Yemen and abroad. TIIB most recently set up a bank in Indonesia and is reviewing a number of other opportunities in South Asia and the MENA region.
Tadhamon Capital's vision is to become a leading financial institution that promotes Islamic finance on a global level by providing its investors with attractive, diversified and innovative Sharia'a compliant solutions. Focusing initially on the management of existing assets of its shareholders, the Company aims to structure, launch and manage new investments and products across its main business lines which include Asset Management, Private Equity, Real Estate, Treasury and Wealth Management.
Further information on the HSA Group can be found at www.hsagroup.com . Further information on Tadhamon International Islamic Bank can be found at www.tiib.com .
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© Press Release 2009
