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.
20 May 2008
VC Bank to Develop One and a Half Billion Dirham Resort in Nakheel’s The World
Venture Capital Bank (VC Bank), a Bahrain based Islamic investment bank, has incorporated World Development Company Limited for the purpose of developing a luxury resort on Nakheel’s exclusive project, The World. VC Bank will invest in and develop the island located in the “Northern Asia” area of the archipelago of 300 islands after being selected as one of the exclusive group of investors invited to invest in The World.
22 April 2008
Venture Capital Bank’s First Quarter Net Profit surge to US$ 13.86 Million.
Venture Capital Bank, the first dedicated Islamic Venture Capital Bank, recorded impressive growth in its net profit for the first quarter ending in 31st March 2008 at US$ 13.86 million, with growth rate of 1571% compared to first quarter of last year 31st March 2007 at US$ 843 thousands which reflects the continues growth Venture Capital Bank is heading since its establishment in October 2005.