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press releases relating specifically to
Venture Capital Bank and its work.

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27 December 2006
Venture Capital Bank announces the first closing of its SME's MENA Fund

Bahrain-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).
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03 December 2006
Venture Capital Bank offers Park Plaza investment opportunity

Unique real estate proposition based on operational real estate assets yielding
recurring quarterly cash returns to investors
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30 October 2006
Venture Capital Bank acquires stake in major oil drilling company

Venture Capital Bank, a Bahrain-based investment bank, along with its partner, the US private equity firm Global Emerging markets (GEM), have acquired a significant stake in the MENA-based oil drilling contractor Challenger
Limited.
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30 July 2006
MoU Signed Between Venture Capital Bank and Commercial Real Estate Company with the Biggest Financing and Development Institution in the Kingdom of Morocco

A Memorandum of Understanding (MoU) has recently been signed in the Moroccan capital Rabat by a Gulf- Moroccan alliance to participate in different fields of investment activities which are plentiful and still untapped in the Kingdom of Morocco.
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22 July 2006
Abha City Centre Development Project

In the framework of the efforts made by Abha City authorities, and with the encouragement and support of the Prince of Aseer His Royal Highness Prince Khalid Al Faysal Bin Abdul Aziz Al Saud, and Chairman of the Investment Council in the Region, to develop Abha City Centre and to make the city one of the most important tourist attractions, a co-operation agreement was signed among an alliance comprising Venture Capital Bank, Commercial Real Estate Company, and Siraj Capital Company on the one hand and the Investment Council in Aseer Region on the other hand.
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10 July 2006
Development of Jeddah Master Plan

As part of s strategic allience among some GCC based companies to execute pioneering constructional projects, Venture Capital Bank was invited to join an investment alliance led by the Urban Development Company (Saudi Arabia) to develop the central part of Jeddah in the Kingdom of Saudi Arabia.
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June 2006
Venture Capital Bank acquires a controlling stake in IT-application solution provider House of Development
Venture Capital Bank (VCBank) successfully completed a transaction, acquiring a controlling stake in Saudi-based IT application solution provider House of Development (HOD) in what is considered an important step in the development of venture capital activities in the region, which have so far remained quite limited.
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6 June 2006
US$ 250 million fund launched by Venture Capital Bank

‘First of Its Kind’ Fund Dedicated to Small and Medium Enterprises in the Region Commences Subscriptions to Rave Investor Reviews
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28 May 2006
Venture Capital Bank acquires a controlling stake in IT-application solution provider House of Development

Acquirement will help expand HOD operations and commercialise products and services worldwide
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15 May 2006
Venture Capital Bank participates in its Board of Directors

Commercial Venture Real Estate Company convenes its first meeting in Manama
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05 February 2006
Venture Capital Bank Appointed as a Fund Manager to a Saudi-Malaysian Private Equity Fund

Venture Capital Bank, Bahrain, was recently appointed as the Fund Manager to one of two planned investment funds to be jointly established by Siraj Capital (Saudi Arabia) and Johor Corporation (JCorp), the investment arm of Johor State, the southern most state of the Malaysian Peninsula.
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