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This is the press area where you can find
press releases relating specifically to
Venture Capital Bank and its work.

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05 March 2008
Venture Capital Bank Invests in the Shipping Industry.

Venture Capital Bank announced the signing of a joint venture agreement with Lemissoler Shipping Group PCL in Cyprus. Under the agreement a Shipping company, Lemissoler Maritime Company W.L.L will be established in the Kingdom of Bahrain with the objective of acquiring, owning and operating a fleet of commercial vessels.
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10 February 2008
Venture Capital Bank holds its second AGM and Approves the Distribution of 15% Cash Dividends with a remarkable growth of 143%.

Venture Capital Bank BSC (c) held its Annual General Meeting (AGM) yesterday (Sunday 10 February 2008), at the Sheraton Hotel, to discuss the last year performance and to distribute 15% cash dividends proceeding the Bank’s phenomenal financial performance during 2007.
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22 January 2008
Venture Capital Bank Reports US$ 32.3 Million Net Profit for the Second Year of Operations and Recommends 15% Cash dividends to its shareholders.

Venture Capital Bank BSC (c) held its Tenth Board Meeting on Tuesday 22 January 2008, and reported US$ 32.3 Million net profit for the second year of operations.
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25 February 2008
Bronco Drilling Company acquires 25% of Challenger Limited.

Venture Capital Bank and Challenger Limited Company signed a definitive agreement with Bronco Drilling Company Inc. whereby Bronco acquires 25% of Challenger Limited Company in return for a combination of in-kind and cash contributions from Bronco.
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4 February 2008
Targeting Promising Small & Medium enterprises in the Kingdom of Bahrain.

The Labour Fund (LF) and Bahrain-based Venture Capital Bank has unveiled a new growth engine for small and medium enterprises in the Kingdom of Bahrain – a dedicated $ 15 million “Venture Capital Fund – Bahrain”.
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15 January 2008
Region’s Leading Software Company, ITWorx, Changes Hands in Move for Global Growth.
Joint 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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