Bahrain Bourse Daily Bulletin Monday, August 18, 2014
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The World’s Leading Islamic Finance News Provider (All Cap) 1200 New trade Bahrain to Women and INTERVIEW: 1,162.92 1150 fi nance fund debut fi rst Words: What Prof Rifaat 0.67% 1,155.10 1100 highlights Islamic retail does the election Ahmed, the 1050 growing REIT next of Trump mean recipient of the 1000 opportunities...5 week...6 for women Royal Award for W T F S S M T in Islamic Islamic Finance Powered by: IdealRatings® fi nance?...10 2016...21 COVER STORY 16th November 2016 (Volume 13 Issue 46) The burgeoning growth of green financing in the Gulf Green fi nance has been putt ing down building but allow countries to diversify Platform to facilitate and showcase roots in the GCC for some time, and in their economies away from hydrocarbons innovative projects, partnerships and 2016 some of its initiatives are fi nally and develop new technologies and technology, as well as committ ing to bearing fruit. While IFN has long funding avenues that encourage long- develop innovative green fi nancing argued that ethical and Islamic fi nance term sustainability but also provide mechanisms, showcase technological are by no means one and the same, short-term benefi ts. innovation, support a global agreement there is no question that the rapid rise for climate change through supporting of green activity has opened the door So what has been done to work toward the Paris Agreement and develop a for Islamic institutions to benefi t across green objectives — and what does this State of the Green Economy Report a wide range of sectors in terms of mean for Islamic fi nance? for Dubai. -
Listed Companies BOD Meetings to Approve the Financial Results for the Period Ended 31/12/2017
Listed Companies BOD Meetings to approve the Financial Results for the Period ended 31/12/2017 BOD No. Company’s Name Symbol Remarks Date BOD Time Commercial Banks Sector Tuesday 1 Ahli United Bank B.S.C. AUB 01:00 p.m. 20/02/2018 Tuesday 2 Al Salam Bank – Bahrain B.S.C. SALAM 01:00 p.m. 13/02/2018 Monday 3 Bahrain Islamic Bank B.S.C. BISB 10:00 a.m. 12/02/2018 Monday 4 BBK B.S.C. BBK 11:00 a.m. 19/02/2018 Wednesday 5 Khaleeji Commercial Bank B.S.C KHCB 12:30 p.m. 07/02/2018 Monday 10:00 a.m. 6 National Bank of Bahrain B.S.C. NBB 29/01/2018 Thursday 7 Ithmaar Holding B.S.C ITHMR 01:00 p.m. 22/02/2018 Investment Sector Tuesday 8 Al Baraka Banking Group B.S.C. BARKA 11:00 a.m. 20/02/2018 Wednesday 9 INOVEST B.S.C INOVEST # 01:00 p.m. 28/02/2018 Sunday 10 Arab Banking Corporation B.S.C. ABC 01:00 p.m. 11/2/2018 Bahrain Commercial Facilities Company Tuesday 11 BCFC 04:00 p.m. B.S.C. 27/02/2018 Wednesday 12 Bahrain Middle East Bank B.S.C. BMB 01:00 p.m. 31/01/2018 Tuesday 13 Esterad Investment Company B.S.C. ESTERAD 01:00 p.m. 23/01/2018 Tuesday 14 GFH Financial Group B.S.C. GFH 01:00 p.m. 13/02/2018 Wednesday Through 15 Investcorp Bank B.S.C. -
Arab Banking Corporation Group
Annual Report 2006 Arab Banking Corporation Group Registered Address Arab Banking Corporation Group ABC Tower, Diplomatic Area PO Box 5698, Manama Kingdom of Bahrain (Commercial Registration Number 10299) www.arabbanking.com 1 Annual Report 2006 Contents ABC’s vision is to be the premier and most innovative international Arab financial group. ABC’s mission is to consistently generate increasing value for 2 The Board of Directors 4 Directors’ Report its shareholders, specialise in Arab-related activities across the world, 6 Global Network invest in international financial institutions that diversify revenues, 7 Financial Highlights offer innovative and high quality services to its customers and attract 8 Financial Strength and retain high quality employees by providing rewarding careers. 10 The President & Chief Executive’s Review of Operations 21 Corporate Governance 24 Group Financial Review 27 Auditors’ Report 28 Consolidated Balance Sheet 29 Consolidated Statement of Income 30 Consolidated Statement of Cash Flows 31 Consolidated Statement of Changes in Equity 32 Notes to the Consolidated Financial Statements 47 Head Office Directory 49 International Directory Annual Report 2005 Arab Banking Group ABC Group Annual Report 2006 2 3 The Board of Directors Dr. Anwar Ali Al-Mudhaf AC RC Dr. Saleh Lamin El-Arbah ** AC Mr. Eissa Mohammed Al Suwaidi EC AC* Director • Kuwaiti Director • Libyan Director • U.A.E. citizen M.B.A. and Ph.D. in Finance, Peter F. Drucker Graduate B.A. in Economics, University of Benghazi, Libya; M.B.A. B.Sc. in Economics, Northeastern University of Boston, School of Management, Claremont Graduate University, University of Hartford, U.S.A.; Ph.D. -
Bank ABC Investors Highlight Presentation
Q4 / FY 2020 Results Presentation Key Messages ▪ 2020 has been a year like no other, impacted by unprecedented and deeply challenging conditions represented by the Covid-19 pandemic, collapse in oil prices and interest rates, and the emergence of some major fraud in the MENA region ▪ Bank ABC has not been immune and has faced considerable operational and financial pressures. Nonetheless, a proactive response to the Covid-19 pandemic ensured the Group maintained its operational and financial resilience throughout 2020 ▪ The Bank strategy remained consistent and Bank ABC continued to invest in its strategic journey, delivering significant milestones such as its digital transformation winning multiple awards for its ‘mobile-only’ bank ila, being recognized as the Bank of the Year in Bahrain, and announcing a landmark acquisition of Blom Bank Egypt ▪ Despite such unprecedented market conditions, the Bank delivered robust underlying revenues, a strong balance sheet and a net operating profit of $282m before provisions ▪ Operating business performance continued to show robust traction with underlying TOI of $793m (91% of FY 2019) ▪ The Bank achieved prudent cost management, with a 7% drop in headline costs to $486m, while prioritizing continuing investments in the Group’s digital transformation and strategic initiatives ▪ The Bank shows a strong balance sheet with a 16.6% Tier 1 ratio (16.2% CET1), LCR of 324% and NSFR of 122% ▪ FY 2020 ECL charge of $329m driven higher by unforeseen client frauds of $183m, combined with Covid-19 conditions and forward-looking nature of IFRS 9. This led to a net loss of $89m for the year. -
Value Creation and Market Valuation: Measuring Performance in the Banking Sector of the Gulf Region
December 2017 HCM Viewpoint Value Creation and Market Valuation: Measuring Performance in the Banking Sector of the Gulf Region hcm.com Introductory Note Banks in the Gulf region have been gaining in importance Regardless of your industry, please contact us if you can in recent years, both locally and in foreign markets. Yet, in benefit from an approach that connects these topics to the current context of continuing pressure on oil prices sound business strategy and financial stewardship. and questions on regional stability, it is valid to ask how well Gulf banks are doing in terms of value creation, both on an Value Creation: External and Internal Metrics absolute and relative basis. It is equally valid to ask whether the share price movements of these banks in recent years As depicted in Figure 1, the market capitalization of the 46 accurately reflect the internal value creation taking place Gulf banks1 covered by this study lies between USD 379 and at these institutions. USD 37’570 million as of 31 December 2016. The banking sector represents a significant part of the stock market This HCM viewpoint provides a comparative overview of in the Gulf region – ranging from 26 (Saudi Arabia) to 69 46 banks in the Gulf region. It finds that value creation in percent (Bahrain) of public stock market capitalization. the Gulf banking sector has generally increased in recent years, though not at all banks. Further, it finds a plausible In general, company performance can be measured using correlation between internal value creation and changes external and internal indicators of value creation, which in share price for most banks. -
Dividend Announcement: Is It a Good News to the Bahrain Bourse?
International Journal of Economics and Finance; Vol. 6, No. 12; 2014 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education Dividend Announcement: Is It a Good News to the Bahrain Bourse? Batool K. Asiri1 1 College of Business Administration, University of Bahrain, Bahrain Correspondence: Batool K. Asiri, College of Business Administration, University of Bahrain, Bahrain. E-mail: [email protected] Received: September 15, 2014 Accepted: September 29, 2014 Online Published: November 25, 2014 doi:10.5539/ijef.v6n12p228 URL: http://dx.doi.org/10.5539/ijef.v6n12p228 Abstract This paper presents a study of 157 dividend announcements made by 40 companies listed in the Bahrain Bourse and an examination of the relationship between dividend announcements and the stock market. The study lasted from 2004 to 2013, and the results indicate that investors have gained cumulative abnormal returns that average at 2.29 percent within the 30-day periods before and after the dividend announcement. Moreover, the findings have revealed that investors gained approximately 0.45 percent of the market value on all stocks that had increasing dividends; therefore, it can be reasonably concluded that, when announced to the public, dividend increases promote a positive message about a company’s future growth and the promise of sustained cash flow. Alternatively, it could be seen as the Bahrain Bourse is inefficient in a semi-strong form. The study further highlights that abnormal returns gained by investors tend to vary across sectors. In general, the findings of this study fail to provide significant evidence in support of the dividends irrelevancy theory; on the contrary, they indicate that dividend payments act as positive signals that assure investors of steady cash flow and substantial future earnings. -
Annual Report 2019
NUMBERSTALK 9Annual Report 2019 BAHRAIN KUWAIT UAE UK EGYPT IRAQ OMAN 9LIBYA Constantly striving to provide greater levels of shareholder and customer satisfaction by delivering ever higher 9standards of performance % increase in Total Assets to US$ 40.3 billion 13.4 compared to 2018 % increase in Net Profit to US$ 730.5 million 4.7 compared to 2018 % increase in Shareholders’ Equity to US$ 4.3 billion 9.1 compared to 2018 Ahli United Bank Annual Report 2019 02 CONTENT 04 06 GROUP MISSION STATEMENT AUB OPERATING DIVISIONS 08 16 18 FINANCIAL HIGHLIGHTS BOARD OF DIRECTORS’ REPORT BOARD OF DIRECTORS 22 24 27 CHAIRMAN’S STATEMENT GROUP CHIEF EXECUTIVE OFFICER & CORPORATE GOVERNANCE MANAGING DIRECTOR’S STATEMENT 48 55 56 GROUP BUSINESS AND RISK REVIEW GROUP MANAGEMENT GROUP MANAGEMENT ORGANIZATION STRUCTURE 59 61 131 CONTACT DETAILS CONSOLIDATED FINANCIAL PILLAR III DISCLOSURES - BASEL III STATEMENTS Ahli United Bank Annual Report 2019 03 Group Mission Statement To create an unrivalled ability to meet customer needs, provide fulfilment and development for our staff and deliver outstanding shareholder value. Ahli United Bank Annual Report 2019 04 OBJECTIVES AUB VISION & STRATEGY • to maximise shareholder value on a sustainable basis. • Develop an integrated pan regional financial services • to maintain the highest international standards of corporate group model centered on commercial and retail banking, governance and regulatory compliance. private banking, asset management and life insurance with an enhanced Shari’a compliant business contribution. • to maintain solid capital adequacy and liquidity ratios. • Acquire banks and related regulated financial institutions in • to entrench a disciplined risk and cost management the Gulf countries (core markets) with minimum targeted culture. -
Commercial Banks Sector Investment Sector
Listed Companies BOD Meetings to approve the Financial Results for the Period ended 30/06/2017 BOD No. Company’s Name Symbol Remarks Date BOD Time Commercial Banks Sector Sunday 1 Ahli United Bank B.S.C. AUB 30/07/2017 01:00 p.m. Monday 2 Al Salam Bank – Bahrain B.S.C. SALAM + 7/08/2017 Circulation Thursday 3 Bahrain Islamic Bank B.S.C. BISB 10:00 a.m. 27/07/2017 Monday 4 BBK B.S.C. BBK 17/07/2017 10:00 a.m. Monday 5 Khaleeji Commercial Bank B.S.C KHCB 7/08/2017 12:30 p.m. Wednesday 6 National Bank of Bahrain B.S.C. NBB 11:00 a.m. 19/07/2017 Sunday 7 Ithmaar Holding B.S.C ITHMR 13/08/2017 01:00 p.m. Investment Sector Monday 8 Al Baraka Banking Group B.S.C. BARKA 07/08/2017 01:00 p.m. Monday 9 INOVEST B.S.C INOVEST 31/07/2017 01:00 p.m. Monday 10 Arab Banking Corporation B.S.C. ABC 02:00 p.m. 24/07/2017 Bahrain Commercial Facilities Company Tuesday 11 BCFC B.S.C. 25/07/2017 04:30 p.m. Wednesday 12 Bahrain Middle East Bank B.S.C. BMB 26/07/2017 1:00 p.m. Wednesday 13 Esterad Investment Company B.S.C. ESTERAD 19/07/2017 02:00 p.m. Sunday 14 GFH Financial Group B.S.C. GFH 13/08/2017 01:00 p.m. Sunday 15 Investcorp Bank B.S.C. INVCORP + Circulation 13/8/2017 16 TAIB Bank B.S.C. -
ABC Group KEY PERSONS DEALING STANDARD
ABC Group KEY PERSONS DEALING STANDARD Document Governance Title: ABC Group Key Person Dealing Standard Classification: Internal use only Status: Approved Document Owner: Group Head of Compliance Document Approver(s): Group Compliance Oversight Committee Document Application: Arab Banking Corporation (B.S.C.) Version: 3.0 Last Review Date: Oct 2020 Next Review Date: Oct 2022 Internal use only Contents 1. OVERVIEW ............................................................................................ 4 2. DEFINITIONS ......................................................................................... 4 3. RESTRICTIONS ON TRADING: EXCEPTIONS ............................................ 5 3.1 Notifications ............................................................................................................................... 5 3.2 Restrictions ................................................................................................................................. 5 3.3 Exceptions .................................................................................................................................. 6 4. ITC OFFICER .......................................................................................... 6 4.1 Identification .............................................................................................................................. 6 4.2 Duties ......................................................................................................................................... 6 5. -
Distr. GENERAL UNCTAD/ECDC/223 29 March 1993 Original: ENGLISH
Distr. GENERAL UNCTAD/ECDC/223 29 March 1993 Original: ENGLISH/FRENCH ARABIC/ENGLISH FRENCH AND SPANISH ONLY UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT ARAB MULTINATIONAL ENTERPRISES AN ANALYTICAL COMPENDIUM Prepared by the UNCTAD secretariat This compendium was prepared under the work programme approved by the Committee on Economic Cooperation among Developing Countries at its third, fourth and fifth sessions (resolution 2 (III), para. 2 (b) (ii), resolution 3 (IV), para. 2 (a) (iv), and resolution 4 (V), para. 4 (b) (i). The designations used and the presentation of material do not imply the expression of any opinion whatsoever by the United Nations Secretariat concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. GE.93-51209 (E) -2- CONTENTS Paragraphs ABBREVIATIONS INTRODUCTION ............................ 1-21 ARAB MULTINATIONAL ENTERPRISES ................... 22-469 I. Gulf Air Company ...................... 22-45 II. Arab Potash Company (APC) .................. 46-55 III. Banque de développement économique de Tunisie (BDET) ...................... 56-67 IV. Arab Shipbuilding and Repair Yard Company (ASRY) ....................... 68-79 V. Jordan Paper and Cardboard Factories Company Limited ....................... 80-89 VI. Compagnie algéro-libyenne de transport maritime (CALTRAM) ..................... 90-99 VII. Arab Union Reinsurance Company (AUR) ............100-109 VIII. Arab Investment Company ...................110-121 IX. Arab Petroleum Investments Corporation (APICORP) ..........................122-139 X. Société arabe des industries métallurgiques (SAMIA) ...........................140-148 XI. Banque mauritanienne pour le commerce international (BMCI) ....................149-158 XII. Arab Mining Company (ARMICO) ................159-168 XIII. Kenana Sugar Company Limited (KSC) .............169-182 XIV. Jordan Fertilizer Industry Company Limited .........183-195 XV. -
Mr Hani Fadayel Mr Mohammed Layas Shaikh Saleh Abdulla Kamel
SN Full Name 1 Mr Hani Fadayel 2 Mr Mohammed Layas 3 Shaikh Saleh Abdulla Kamel 4 Mr Khalid Al Bustani 5 Dr Saleh Al Humaidan 6 Gary S Long 7 Mr A K Sankar 8 Mr Adel Fakhro 9 Mr Ubaydli Ubaydli 10 Mr Ali Ben Yousuf Fakhro 11 Mr Ebrahim M S Al Rayes 12 Mr Anwar Khalifa Ibrahim Al Sadah 13 Mr Peter Kaliaropoulos 14 Dr Farid Ahmed Al Mulla 15 Mr Jacob Thomas 16 Ms Omaima Ebrahim 17 Mr Peter Green 18 Mr Mehtab Ali Kazi 19 Mr Ian Levack 20 Mr Younis Jamal Al Sayed 21 Mr Ali Moosa Hussain 22 Mr Vahid Mehrinfar 23 Mr Ashok Shetty 24 HE Dr Majeed Muhsin Al Alawi 25 Mr Francois Bourgoin 26 Mr Mohammed Tariq Sadiq 27 Mr Mahdi Abdullah Al Obaidat 28 Mr Atif A Abdulmalik 29 Mr Mohammed Abdulaziz Al Jomaih 30 Mr Abdulaziz Hamad Aljomaih Al Jomaih 31 Mr Akram Miknas 32 Mr Khamis Al Muqla 33 Mr Danny Barranger 34 Mr Robert N Lewis 35 Mr Hassan Ali Radhi 36 Mr A Hamid Al Asfoor 37 Mr Bassim Mohammed Al Saie 38 Mr Jamal Mohammed Fakhro 39 Mr Suhael Ahmed 40 Mr Tony Peek 41 Mr Sami M Jalal 42 HE Shaikh A M H bin Abdallah Al Khalifa 43 Mr David Bailey 44 Mr Hassan Ali Juma 45 Mr Abdulla Ali Kanoo 46 Ms Elham Hassan 47 Ms Jenny D'Cruz 48 Mr Anthony C Mallis 49 Mr Iqbal G Mamdani 50 Mr John McIsaac 51 Mr Khalid Ali Turk 52 Mr Jamil A Wafa 53 Mr Masaud J Hayat Masoud 54 Mr Tariq Daineh 55 Mr Sonjoy Francis Monteiro 56 Mr Asad Ali Asad 57 Mohammed Ali Naki 58 Mr Ali Al Khayat 59 Mr Jacob Philip 60 Mr Adnan Abdulaziz Al Bahar 61 Mr Bader Abdulmohsen Almukhaizeem 62 Mr Bader Musaed Bader Al Sayer 63 Mr Saleem Abbas 64 Mr Mohsen Dehghani 65 Mr Mohammad M Al Jassar -
Weekly Report As of 25.05.2017.Xlsx
BAHRAIN BOURSE EQUITY MARKET WEEKLY TRADING REPORT @bahrainbourse www.bahrainbourse.com @bahrainboursebhb Bahrain Bourse Equity Market Weekly Trading Report Report from 2017-5-21 TO 2017-5-25 Index Activity of the week Opening Closing Change % Change Bahrain All Share Index 1308.76 1314.22 5.46 0.42 ↑ Bahrain Islamic Index 1069.97 1070.69 0.72 0.07 ↑ Bahrain All Share Index (Daily) 1,400 1,350 1,300 1,250 1,200 1,150 1,100 1,050 Chart Information Start Point End Point High Low Change % Change Bahrain All Share Index 1213.11 1314.22 1,382.71 1,092.02 101.11 8.33% ↑ * The daily chart starts at Monday , January 04 , 2016 and ends on Thursday , May 25 , 2017 Bahrain All Share Index (Weekly) 1500 1400 1300 1200 1100 1000 05/01/2012 05/01/2013 05/01/2014 05/01/2015 05/01/2016 05/01/2017 Chart Information Start Point End Point High Low Change % Change Bahrain All Share Index 1137.72 1314.22 1,494.03 1,035.30 176.50 15.51% ↑ * The weekly chart starts at Thursday, January 05, 2012 and ends on Thursday, May 25, 2017 ― 50 Day/Week Moving Average Trading Operations Page 3 Bahrain Bourse Equity Market Weekly Trading Report Report from 2017-5-21 TO 2017-5-25 Price Movement and Fluctuation Three Top Advancers Company Name Currency Previous Closing Change % Change Banader Hotels Company BSC (BANADER ) BHD 0.060 0.065 0.005 8.33% Bahrain Cinema Company (CINEMA ) BHD 1.300 1.400 0.100 7.69% Bahrain Commercial Facilities Company (BCFC ) BHD 0.695 0.735 0.040 5.76% Three Top Decliners Company Name Currency Previous Closing Change % Change Ithmaar Holding B.S.C.