Liquidity Programme 3
VCBank launched its third liquidity programme in FY 2016. The programme’s shares are backed by the prime asset of the third building of the Jebel Ali Labour Accommodation complex, which has been fully leased to a reputable tenant.
This development builds upon the success of the Bank’s first two liquidity programmes. The first, launched in 2010, is secured by the prime asset of the Venture Capital Bank Building in Manama, Bahrain, which comprises office space, retail outlets, and private and public car parking. The second programme, launched in 2015, is backed by the assets of the first two buildings of the Jebel Ali Labour Accommodation complex.