Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Saudis Aim To Double Sovereign Wealth To $400 BLN

The PIF Has Made A Series Of High-Profile Investments

Saudi female banker ties up with fund to deploy $100 billion in kingdom

Nahed Taher has goal of funnelling investments in infrastructure and public private partnership projects

Saudi Sovereign Wealth Fund Is Said to Hire Real Estate Head

PIF is starting billions of dollars of projects in the kingdom

Indosuez Wealth Management Group announces the appointment of Sebastian Graewert in Dubai

He spent 14 years with Credit Suisse working in London, Zurich and Dubai

Abu Dhabi National Takaful Co. announces growth of 51 per cent in net profit for Q1 2016

Abu Dhabi National Takaful Co. PSC announced its financial results for the period ended 31th March 2016.

Ibdar reports $14.5 million loss for 2015

Ibdar Bank recently concluded its Annual General Meeting (AGM) for the fiscal year 2015 and appointed a new Board of Directors.

Global reports KWD3.2 million fee revenues, KWD243 thousand net profit in Q1 2016

Global currently manages several funds and portfolios with various strategies and asset classes, most of which have outperformed their benchmarks.

Jadwa Investment Grows its Core Client Business By 39% in 2015

These results were achieved through a 39 percent growth in the firm's core client business and a 37 percent increase in its client base.

Bahrain Sovereign Fund Mumtalakat 2015 Net Profit Drops 68.7 Pct

Bahraini sovereign fund Mumtalakat posted a 68.7 percent drop in 2015 net profit on Sunday, as the state-owned investor cited impairment losses for the decline.

IIB Posts Net Profit Of $0.24 Million

The bank had made a net loss of $15.0m for the fourth quarter of 2015.

Hapoalim reports 16.5% fall in Q1 profit

Net Profit totaled NIS 674 million

Gulf Bank posts KD 8.8 mln net profit in Q1 – Total assets up by KD 65 mln to KD 5,459 million

We have achieved these results by continuing our policy of pragmatism and good governance, coordinated by a very capable and committed Board of Directors, and executed by our management team and staff.

Ezdan's $500m debut Sukuk a huge hit

The transaction, which announced on 3 May 2016, is the first milestone in Ezdan 's $2bn Sukuk programme.

Ithmaar Bank reports net profit attributable to equity holders of the bank of US$ 1.22 million for the First Quarter of 2016

Net profit attributable to equity holders of the Bank for the first quarter of 2016 was US$1.22 million, which is lower by 54 percent compared to the US$2.64 million profit reported for the same period last year.

SHUAA Capital reports net loss

SHUAA Capital today announces its Q1 results with an increase in total revenues to AED 45.5 million and a net loss of AED 27.5 million

ABK Posts Operating Profit Of KD 22.1 MLN In Q1

Al Ahli Bank of Kuwait (ABK) today announced an operating profit of KD 22.1 million for the first quarter of 2016, after a one-off investment loss of KD 2.3 million on investments disposal, compared to KD 21.8 million for the corresponding period in 2015.

Wealth & Asset Management