IslamicFinance.de

Bahrain-based urban development company Diyar Al Muharraq entered into a $32 million corporate agreement with Al Salam Bank-Bahrain Thursday.
The agreement will partially fund the company's Dragon City development and was signed by Diyar Al Muharraq Chairman Abdulhakeem Alkhayyat and Al Salam Bank-Bahrain Director and Group CEO Yousif Abdulla Taqi. The total price tag for the Dragon City development is $100 million.

“It is with great pride that I officiate this momentous occasion as this marks the beginning of a strong partnership that is set to produce rich rewards and collect significant milestones for a long time to come," Alkhayyat said. "With Dragon City set to start operating in full capacity before the end of the year, we are confident that our calculated and well-thought out decision will reap many benefits and look forward to reveling in the age of prosperity that will soon follow.”

Kuwait Finance House - Bahrain announced the launch of its 'Fursan Baytik' employees' recognition award, which aims to honor and appreciate the achievements of employees in the Bank. It is based on a set of criteria that considers their achievements both during work and in their own time such as reliability, teamwork and effectiveness as well as social responsible activities. Mr. Yaqoub Majed, the Chairman of KFH-Bahrain honored the first three employees to receive the award during the annual staff gathering.

Three local Islamic investment banks that are looking to merge are being advised by Kuwait Finance House - Bahrain (KFH-Bahrain).
Abdulhakeem Alkhayyat, managing director and chief executive officer, refused to reveal the name of the three banks.
The bank continued to extend its presence in Bahrain's competitive banking sector and empowered its expansion plans with the official opening of its branch at Isa Town Mall.

Kuwait Finance House-Bahrain officially opened its new state-of-the-art data centre. It was opened by KFH-Bahrain managing director and chief executive officer Abdulhakeem Alkhayyat.
The opening of the data centre is in line with the bank's strategic expansion plans to provide world-class banking services with maximum security and backup on all its day-to-day transactions.