NBK Capital Awarded Global Finance’s “Best Debt Bank”
Kuwait: NBK Capital, a leading investment firm in the region and NBK Group’s investment arm, was awarded Global Finance’s “Best Debt Bank” in the Middle East for 2022. Global Finance recognizes the world’s top performers in the banking industry and other financial services. These awards are a trusted standard of excellence for the global financial […]
Citi to sell Bahrain consumer business to Ahli United Bank
Citigroup Inc agreed to sell its consumer banking business in Bahrain to Ahli United Bank BSC (AUB) for an undisclosed sum, the U.S. bank said on Monday, as it exits retail operations in 13 markets across the globe. The deal includes Citi’s retail banking, credit card and unsecured lending businesses in Bahrain but excludes institutional […]
GFH’s shareholders approve $60mln dividends
The ordinary general meeting (OGM) of GFH Financial Group has agreed on a dividend distribution of $60 million for 2021. The dividends include cash profits for all ordinary shares of 4.57% of the nominal value, equivalent to $45 million, according to a press release on Sunday. Meanwhile, the company will distribute bonus shares of 1.5%, […]
Bahrain’s CBB wins ISO certification in business management system
The Central Bank of Bahrain (CBB) has received the ISO 22301:2019 certification in Business Continuity – Management System (BCMS) after undergoing audit procedures, meeting all standard requirements and successfully passing the audit process. The ISO 22301:2019 BCMS is an internationally recognized certification which was awarded to CBB for its efforts in adopting the best international […]
Bahrain’s Al Salam opens first paperless and fully automated branch
The opening ceremony was held in the presence of the Central Bank of Bahrain (CBB) representative, Khalid Al Hamad, Executive Director of Banking Supervision in addition to the Bank’s Board of Directors and Executive Management. The opening of the new branch comes as part of Al Salam Bank’s digital transformation strategy to support environmental sustainability. […]
