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Welcome
This is the press area where you can find
press releases relating specifically to
Venture Capital Bank and its work.
If you have a press enquiry for VCBank,
please contact the press office or call
+973 17518888
This is the press area where you can find
press releases relating specifically to
Venture Capital Bank and its work.
If you have a press enquiry for VCBank,
please contact the press office or call
+973 17518888
10 November 2009
Venture Capital Bank Hits US$ 9.3 Million Net Profit in 9 Months
Venture Capital Bank (VCBank) announced positive total net profits for the third quarter at US$ 2.1 million, compared to US$ 7.5 for the same period last year. The total net profit for the period was US$ 9.3 million for the 9 months ending on 30th September 2009 compared to US$ 38.9 million for the same period in last year with total income for the period amounting to US$ 22 million while US$ 60 million were reported for the same period of last year. These results were announced following VCBank’s Board Meeting held in its headquarters in Manama to endorse the financial result of the third quarter of current year.
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Venture Capital Bank Hits US$ 9.3 Million Net Profit in 9 Months
Venture Capital Bank (VCBank) announced positive total net profits for the third quarter at US$ 2.1 million, compared to US$ 7.5 for the same period last year. The total net profit for the period was US$ 9.3 million for the 9 months ending on 30th September 2009 compared to US$ 38.9 million for the same period in last year with total income for the period amounting to US$ 22 million while US$ 60 million were reported for the same period of last year. These results were announced following VCBank’s Board Meeting held in its headquarters in Manama to endorse the financial result of the third quarter of current year.
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12 July 2009
Jordan Al Abyad Fertilizers and Chemicals Company (JAFCCO) Receives USD 45 Million Financing Facility to Establish an Industrial Complex to Manufacture Fertilizers and Industrial Chemicals
Jordan Al Abyad Fertilizers and Chemicals Company (JAFCCO) finalized a USD 45 million financing loan through a syndicate facility lead by Jordan Ahli Bank. The financing facility will be utilized to expand and diversify the production of fertilizers and chemicals and their high value derivatives with the aim to provide products that are increasingly in demand, which will be sold locally and internationally..
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Jordan Al Abyad Fertilizers and Chemicals Company (JAFCCO) Receives USD 45 Million Financing Facility to Establish an Industrial Complex to Manufacture Fertilizers and Industrial Chemicals
Jordan Al Abyad Fertilizers and Chemicals Company (JAFCCO) finalized a USD 45 million financing loan through a syndicate facility lead by Jordan Ahli Bank. The financing facility will be utilized to expand and diversify the production of fertilizers and chemicals and their high value derivatives with the aim to provide products that are increasingly in demand, which will be sold locally and internationally..
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22 June 2009
Venture Capital Bank Receives License to Establish Saudi Investment Venture Capital Company in Saudi Arabia
Venture Capital received approval from the Capital Market Authority in the Kingdom of Saudi Arabia to establish the Saudi Venture Capital Investment Company on 16th June 2009 with a capital of SR 375 million. The new company will carry out activities of management, arrangement, consultation and handling in securities.
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Venture Capital Bank Receives License to Establish Saudi Investment Venture Capital Company in Saudi Arabia
Venture Capital received approval from the Capital Market Authority in the Kingdom of Saudi Arabia to establish the Saudi Venture Capital Investment Company on 16th June 2009 with a capital of SR 375 million. The new company will carry out activities of management, arrangement, consultation and handling in securities.
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6 May 2009
Venture Capital Fund Organizes “Venture Capital Forum”
Venture Capital Fund Bahrain hosted its second forum titled “Venture Capital Fund Bahrain - Targeting Promising Small and Medium Enterprises in the Kingdom of Bahrain”. The event, which was held at the Crowne Plaza Hotel, was attended by members of the Entrepreneurs Organization – Bahrain Charter. Dr. Ahmed Al Jawhary, Member of the Venture Capital Fund Bahrain’s Board of Directors, made a presentation detailing the Fund’s philosophy, objectives and processes.
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Venture Capital Fund Organizes “Venture Capital Forum”
Venture Capital Fund Bahrain hosted its second forum titled “Venture Capital Fund Bahrain - Targeting Promising Small and Medium Enterprises in the Kingdom of Bahrain”. The event, which was held at the Crowne Plaza Hotel, was attended by members of the Entrepreneurs Organization – Bahrain Charter. Dr. Ahmed Al Jawhary, Member of the Venture Capital Fund Bahrain’s Board of Directors, made a presentation detailing the Fund’s philosophy, objectives and processes.
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4 March 2009
Venture Capital Banks' General Assembly approves increase in Capital to US$ 250 Million
Venture Capital Bank held its Annual Ordinary & Extraordinary General Meeting on Wednesday, March 4, 2009 at the Sheraton Hotel Bahrain to discuss the external auditor's report and approve the financial statements for the year ended 31 December 2008, in which the bank achieved net profit of US$ 47 million with 47% growth compared to last year with 27% return on equity. Furthermore, VC Bank announced expansion plans in its operations after the Extraordinary Assembly approval of an increase in VC Bank’s authorised and paid-up capital from US$ 165 Million to US$ 250 Million with an increase of US$ 85 Million to go in line with its Board of Directors approved strategic plans.
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Venture Capital Banks' General Assembly approves increase in Capital to US$ 250 Million
Venture Capital Bank held its Annual Ordinary & Extraordinary General Meeting on Wednesday, March 4, 2009 at the Sheraton Hotel Bahrain to discuss the external auditor's report and approve the financial statements for the year ended 31 December 2008, in which the bank achieved net profit of US$ 47 million with 47% growth compared to last year with 27% return on equity. Furthermore, VC Bank announced expansion plans in its operations after the Extraordinary Assembly approval of an increase in VC Bank’s authorised and paid-up capital from US$ 165 Million to US$ 250 Million with an increase of US$ 85 Million to go in line with its Board of Directors approved strategic plans.
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12 August 2009
Venture Capital Bank reports USD 9.7 million net profit in the second quarter of 2009
Venture Capital Bank (VCBank) posted positive financial results in the second quarter of this year despite the global financial crisis that have swept the world and regional economies. The Bank reported a net profit of USD 9.7 million for the second quarter of 2009, compared to USD 17.5 million for the same period last year, bringing the total net profit for the first six months of the year 2009 to USD 7.1 million. The Banks' assets increased by 2.9% compared to the end of 2008, while its capital adequacy ratio reached 48%.
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Venture Capital Bank reports USD 9.7 million net profit in the second quarter of 2009
Venture Capital Bank (VCBank) posted positive financial results in the second quarter of this year despite the global financial crisis that have swept the world and regional economies. The Bank reported a net profit of USD 9.7 million for the second quarter of 2009, compared to USD 17.5 million for the same period last year, bringing the total net profit for the first six months of the year 2009 to USD 7.1 million. The Banks' assets increased by 2.9% compared to the end of 2008, while its capital adequacy ratio reached 48%.
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7 July 2009
Venture Capital Fund Bahrain Invests in Bahraini Premium quality Chocolate Maker “Dutch Delight”
Venture Capital Fund Bahrain (VC Fund Bahrain), the first investment fund targeting Small and Medium Enterprises (SMEs) in the Kingdom of Bahrain, founded by VCBank, has successfully signed a partnership agreement with Dutch Delight Company, a Bahraini company specializing in the production of high quality handmade chocolate. The Company is owned by two entrepreneurs, Mr. Ali Rashid and Mrs. Marjo Rashid.
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Venture Capital Fund Bahrain Invests in Bahraini Premium quality Chocolate Maker “Dutch Delight”
Venture Capital Fund Bahrain (VC Fund Bahrain), the first investment fund targeting Small and Medium Enterprises (SMEs) in the Kingdom of Bahrain, founded by VCBank, has successfully signed a partnership agreement with Dutch Delight Company, a Bahraini company specializing in the production of high quality handmade chocolate. The Company is owned by two entrepreneurs, Mr. Ali Rashid and Mrs. Marjo Rashid.
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10 May 2009
Reef Venture Holding & BISB Signs Co-operation Agreement to provide finance facilities to purchasers in “Difaaf”
Reef Venture Holding and Bahrain Islamic Bank (BISB) have signed a co-operation agreement through which BISB will offer an investment or housing real estate financing in the purchase of units in Difaaf project in Reef Island. The co-operate agreement was signed by Reef Venture Holding Board Member, Mr. Saleh Bagaeen, and BISB Retail Banking Services General Manager, Mr. Abdulrahman Mohamed Turki, at Venture Capital Bank premises in the Diplomatic Area – Manama, in presence of several managers of both sides.
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Reef Venture Holding & BISB Signs Co-operation Agreement to provide finance facilities to purchasers in “Difaaf”
Reef Venture Holding and Bahrain Islamic Bank (BISB) have signed a co-operation agreement through which BISB will offer an investment or housing real estate financing in the purchase of units in Difaaf project in Reef Island. The co-operate agreement was signed by Reef Venture Holding Board Member, Mr. Saleh Bagaeen, and BISB Retail Banking Services General Manager, Mr. Abdulrahman Mohamed Turki, at Venture Capital Bank premises in the Diplomatic Area – Manama, in presence of several managers of both sides.
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4 May 2009
Venture Capital Bank announces 9% annualized Dividends for Lemissoler Maritime Company W.L.L.
Venture Capital Bank has announced the distribution of an annualized 9% dividend representing 4.5% for the 6 months ending 31st December 2008 to the investors of Lemissoler Maritime Company W.L.L. VCBank has successfully arranged a US$ 120 million private placement offering for Lemissoler Maritime Company in 2008 which was formed with the objective of owning and operating a diverse fleet of specialized commercial vessels.
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Venture Capital Bank announces 9% annualized Dividends for Lemissoler Maritime Company W.L.L.
Venture Capital Bank has announced the distribution of an annualized 9% dividend representing 4.5% for the 6 months ending 31st December 2008 to the investors of Lemissoler Maritime Company W.L.L. VCBank has successfully arranged a US$ 120 million private placement offering for Lemissoler Maritime Company in 2008 which was formed with the objective of owning and operating a diverse fleet of specialized commercial vessels.
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7 February 2009
Venture Capital Bank Achieves US$ 47 Million Net Profit and Recommends 10% Cash Dividends & 5% Bonus Shares to Its Shareholders
The Board of Directors of Venture Capital Bank B.S.C. (c) met on Wednesday 4 February 2009, the meeting, chaired by the Bank’s Chairman, Dr. Ghassan Ahmed Al Sulaiman and reported an outstanding profit of US$ 47 Million for its high performance during 2008, the Bank’s third successful year of operations since its inception...
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Venture Capital Bank Achieves US$ 47 Million Net Profit and Recommends 10% Cash Dividends & 5% Bonus Shares to Its Shareholders
The Board of Directors of Venture Capital Bank B.S.C. (c) met on Wednesday 4 February 2009, the meeting, chaired by the Bank’s Chairman, Dr. Ghassan Ahmed Al Sulaiman and reported an outstanding profit of US$ 47 Million for its high performance during 2008, the Bank’s third successful year of operations since its inception...
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