Published: June 29, 2009
Capinnova Investment Bank, the shariah-compliant investment banking arm of Bank of Bahrain & Kuwait (BBK) is to co-invest in a US$50mn project in
Construction of the project, involving the building of a major shopping mall in
Jamal Hijres, Capinnova’s CEO, states: “It is a historic moment for us at Capinnova Investment Bank as we have stepped into the country’s vibrant retail sector to develop this state-of-the-art retail mall in the kingdom.”
He continues: “We also feel that ventures such as this will increase demand for skilled Bahraini manpower in this particular sector. Moreover, these large commercial establishments will play a significant role in boosting the country’s economic growth under these challenging market conditions.”
Yasser Abbady, senior director, head of corporate finance, Capinnova Investment Bank says: “The retail sector in