Venture Capital Bank announces the first closing of its SME’s MENA Fund
27th December 2006Bahrain-based Venture Capital Bank (VC Bank) is pleased to announce the first closing of its recently launched US$ 250 million MENA Small & Medium Enterprises Fund I L.P. (Fund), the first Shai'ah-compliant fund dedicated to small and medium ent ...
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Venture Capital Bank reports outstanding performance for the first year of operations that exceeded all expectations
28th February 2007Venture Capital Bank BSC (c) (VC Bank) held its sixth board meeting yesterday, and reported a strong performance for the first full year of operations. Chairman Dr. Ghassan Al-Sulaiman said: 'In October 2005, the foundi ...
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Successful Beginning: VCBank posts $13.3m profit, announces divedend
4th March 2007Venture Capital Bank yesterday posted a net profit of $13.3 million for the period ended 31 December 2006, achieved a return on equity of 20.1 per cent, and is recommending a 12.5 per cent dividend of which 7.5 per cent cash and 5 per cent in bonus shares.& ...
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Venture Capital talks set
21st March 2007Venture Capital Bank (VCBank) is set to host key meetings in Bahrain. The bank has extended an invitation to its board members and shareholders, to attend the bank's annual general meeting (AGM), as well as its Extraordinary ...
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VCBank earns 20.1% return on equity
25th March 2007Bahrain-based Venture Capital Bank (VCBank) is set to see a major surge in its paid-up capital from $66 million to $150 million at an annual general assembly set for today. The shareholders of VCBank are expected to ratify its financial state ...
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Venture Capital Bank announces dividend distribution of 12.5 per cent for the first full year of operations
26th March 2007Bank achieves return on equity exceeding 20 per cent. Shareholders approve increase in capital to fund future growth. Manama, Kingdom of Bahrain, 26 March 2007: The shareholders of Venture Capital Bank BSC (c) (VC Bank) appro ...
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VCB to set up fertiliser complex
22nd May 2007Venture Capital Bank (VCBank), an Islamic investment bank based in Bahrain, signed an agreement with Jordon Arab Fertilisers and Chemicals Company (JAFCCO) and a chemical fertiliser complex at White Valley in southern Jordan. Abdullatif ...
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VCBank and UIB set up realty firm
22nd July 2007Sakani to focus on projects for low, medium income groups Manama, Kingdom of Bahrain, 22 July 2007: Venture Capital Bank (VCBank) and United International Bank (UIB), On Saturday announced the launch of a Shariah compliant re ...
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Region’s Leading Software Company, ITWorx, Changes Hands in Move for Global Growth
5th November 2008Joint investors Venture Capital Bank, EuroMena Fund, a private equity fund sponsored by Capital Trust Group, and Proparco purchase 79% of the Middle East Region's leading software company in view of further expansion plans internationally. ...
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Venture Capital Bank Reports US$ 32.3 Million Net Profit for the Second Year of Operations and Recommends 15% Cash dividends to its shareholders
22nd January 2008 Manama, Kingdom of Bahrain: Venture Capital Bank BSC (c) held its Tenth Board Meeting on Tuesday 22 January 2008, and reported US$ 32.3 Million net pro ...
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