Press Releases

  • 07 October 2018

    VCBANK COMPLETES THE DEVELOPMENT OF THE ROYAL HOSPITAL FOR WOMEN IN RIFFA AND ANNOUNCES ITS EXIT

    Manama, Bahrain – 07 October 2018: Venture Capital Bank (VCBank), a Bahrain-based Sharia-compliant investment firm, confirmed today the sale of a 69 per cent stake in the recently-completed Royal Hospital for Women in Bahrain for US$ 39 million. The acquisition was made by Amanat Holdings, a Dubai Financial Market-listed investment company focused on the GCC healthcare and education sectors. This latest investment exit by VCBank and its retail investors generated a 34 per cent return on the original investment. read more

  • 03 September 2018

    VCBANK EXITS FROM BYRNE AND DELIVERS 45% ROI FOR INVESTORS

    Venture Capital Bank (VCBank) announced today the successful conclusion of its exit from Byrne Equipment Rental (BER) for a total transaction value of SAR 217 million (c. USD 58mn). This exit has generated a 45 per cent return on investment for investors since the Bank’s acquisition of a primary stake in BER. read more

  • 13 December 2016

    VENTURE CAPITAL BANK REPORTS NET PROFIT OF US$ 9.3 MILLION FOR YEAR ENDED 30 JUNE 2016

    Venture Capital Bank BSC (c) (VCBank) reported a net profit of US$ 9.3 million for the year ended 30 June 2016 compared to US$ 14.1 million for the previous year, representing a decrease of 34% over the prior year. In the last quarter of the financial year the Bank earned a net profit of US$ 16 million, compared to US$ 12.1 million in the corresponding quarter in the prior year, representing an increase of 32%. The results mark a sustained period of almost five years of excellent performance by the regional investment bank, with a demonstrable commitment to ethical banking and strong corporate governance. read more

  • 07 December 2016

    VCBANK & AL SRAIYA HOLDING GROUP ANNOUNCE A STRATEGIC PARTNERSHIP WITH MADO, TURKEY’S LEADING ICE-CREAM AND PATISSERIE CAFÉ CHAIN

    In the presence of Turkish Deputy Prime Minister, H.E. Veysi Kaynak, and H.E. M.Rifat Hisarciklioglu, President of the Union of Chambers and Commodity Exchanges of Turkey, Bahrain-based Venture Capital Bank (VCBank), alongside Qatar’s Al Sraiya Holding Group (Al Sraiya) and other strategic investors, announced that they have entered into a joint partnership with Mado Yasar Dondurma (Mado), Turkey’s largest patisserie and ice-cream café chain franchisor. The news was announced in Ankara at a signing ceremony held on Tuesday, December 6 2016, to celebrate the new partnership and its prospects for global growth. In attendance were board members and senior management of VCBank, Al Sraiya and Mado and members of the media. read more

  • 03 November 2016

    VCBANK ELECTS ABDULFATAH MARAFIE CHAIRMAN OF THE BOARD

    Venture Capital Bank (VCBank) announced today the election of Mr. Abdulfatah Marafie as Chairman of the Board of Directors, and Mr. Mohammed AlSarhan as Deputy Chairman. These appointments follow the departure of Dr. Ghassan Al-Sulaiman, due to his ministerial appointment as Governor of the General Authority of Small and Medium Enterprises in the Kingdom of Saudi Arabia. read more

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