We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sat 25 Jun 2005 04:00 AM

Font Size

- Aa +

Bahrain unveils specialist bank

Bahrain’s first bank specialising in the financing of construction projects has been launched.

Bahrain’s first bank specialising in the financing of construction projects has been launched.

The Real Estate Finance Company, which will focus on residential developments, is a partnership between Bahrain-based Tameer, Kuwait-based Global Investment House and Bahrain-based Ossis.

The three groups will each hold 10% in the new venture, while the remaining 70% is being offered to investors. While the new bank will initially focus on Bahrain’s construction projects, it may well expand to include other GCC countries within the next three years.

Arabian Business: why we're going behind a paywall

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Read next