Bahrain unveils specialist bank

Bahrain’s first bank specialising in the financing of construction projects has been launched.

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By  Sean Cronin Published  June 25, 2005

Bahrain’s first bank specialising in the financing of construction projects has been launched. The Real Estate Finance Company, which will focus on residential developments, is a partnership between Bahrain-based Tameer, Kuwait-based Global Investment House and Bahrain-based Ossis. The three groups will each hold 10% in the new venture, while the remaining 70% is being offered to investors. While the new bank will initially focus on Bahrain’s construction projects, it may well expand to include other GCC countries within the next three years.

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