Press Releases

  • 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

  • 16 March 2016

    VCBank & Seera Investment Bank Announce the Acquisition of a Real Estate Portfolio in the US & Announce its First Distribution

    Venture Capital Bank BSC (c) and Seera Investment Bank BSC (c) (“The Consortium”) announced the successful acquisition and completion of the subscription of a real estate portfolio consisting of two multifamily residential assets in Atlanta, Georgia, USA, consisting of 866 units. read more

  • 09 February 2016

    Venture Capital Bank Announces Distribution of 9.06% Dividends

    Venture Capital Bank BSC (c) has announced dividends to its shareholders totaling 9.06% for 2015, comprising effectively 2.52% in cash and 6.54% in bonus shares on their existing holdings (inclusive of 0.93% from a reallocation of Employee Share Ownership Plan bonus shares together with cash dividends thereon) following regulatory approval of the resolutions of the AGM held in Bahrain on 8 December 2015. read more

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