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

Bank to pay BD10.7m in dividend

The dividend payout amounts to five per cent of the paid-up capital.

ABC Islamic Bank Announces 23 per cent Increase in 2014 Year-End Net Profit of $15.1 Million

ABC Islamic Bank today announced that its net profit for the year ending 2014 was $15.1 million, 23 per cent higher than last year of $12.2 million

Kuwait’s Burgan Bank Q4 Net Profit Jumps

The lender reported a 424 per cent rise in fourth-quarter net profit.

QInvest 2014 revenue soars 134%

Registering “strong” top and bottom-line growth, QInvest has seen its revenue soar 134% to QR299mn and net profit reach QR88mn in 2014

United Arab Bank CEO sees 'good loan growth'

United Arab Bank will have “good loan growth” in 2015 as the United Arab Emirates economy expands two per cent to three per cent, Chief Executive Officer Paul Trowbridge said.

GFH reports net profits of US$17 million for 2014

Year marked by launch of the new strategy and identity of GFH New investments of over US$150m

Gulf Finance House swings back to profit

Company declares net profit of $17m for 2014, compared to net loss of $18m in previous year

Abu Dhabi National Takaful Company Reports Full Year 2014 Net Profit

Abu Dhabi National Takaful Company P.S.C, reported its financial results for the year ended 31 December 2014 with a net profit of AED 35.8 million.

Markaz posts KD4m net profit for 2014

Markaz board of directors recommended a cash dividend of 6 percent of share par value

Kuwait’s KIPCO Q4 net profit gains 2 pct, raises cash dividend

This compared to the 0.020 dinar per share and a 5 percent stock dividend which the company paid for 2013

Ahli United Bank Q4 net profit jumps 37.6 pct

Ahli United Bank (AUB), Bahrain's largest lender, posted a 37.6 percent increase in its fourth-quarter net attributable profit

Al Baraka Banking Group Profits Raise by 7%

The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it has achieved a net income of US$ 275 million in 2014

Qatari banking sector loan book drops 1.4% in January

Pulled down by the public sector, Qatari banking sector’s loan book decreased by 1.4% month-on-month (MoM) in January

Oasis Capital reports net income of $13.2m

The increase in profitability was achieved mainly on account of exiting an investment in CapitalSpring, a US-based speciality finance company.

Gulf International Bank announces full year profit of $85.6 million

Gulf International Bank (GIB) is a leading bank in the Middle East

Beema’s profit touches QR40m

The Chairman expressed his happiness on the excellent results achieved by Beema in short period of time

Jordan's Bank al Etihad says 2014 net profit rose 17.5%

Total assets at the end of 2014 rose 17 percent to 2.2 billion dinars from 1.9 billion dinars in the previous year.

Record growth year for Emaar with net operating profits increasing 30%

Annual revenue for FY 2014 is AED 9.893 billion (US$ 2.693 billion)

Bank of Sharjah post Dh286 million net profits

Bank’s loans and advances were up 7 per cent last year

Capital gains help double Jordan Ahli Bank's profits

Jordan Ahli Bank boosted net profit by 113 per cent to 34 million dinars ($48 million) last year

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