Talal Al Zain is leaving Bahrain’s $9 billion sovereign wealth fund to set up an investment firm.
ABC Islamic Bank announced a net profit of $8.1 million for 2011, based on lower provisioning.
The mall is part of a mixed-use development project located in Bellevue, Washington, that Investcorp invested in five years ago.
The Bahraini banking group reported a 10 per cent increase in full year net profits for 2011.
The Bahraini carrier said that the sum has been outstanding from the time Oman pulled out of Gulf Air in 2007.
The struggling Bahraini carrier will use the amount to meet its medium-term capital needs.
The Bahraini telecoms operator will receive $174.5 million, the same amount that it paid to purchase the stake in the Indian firm.
The airline’s CEO said that it was unlikely that the struggling carrier would be dissolved or sold.
The Bahraini firm saw its subscriber base increase by 20 per cent year-on-year in 2011.
The signing of $930 million worth of trade deals at the Bahrain International Airshow has raised expectations for 2014.