Middle East Economic Survey
First Leasing Bank Launched in Bahrain
First Leasing Bank (FLB), a Gulf-US joint venture providing finance and operating leases to the commercial and government sectors, was launched in Bahrain on 10 October. FLB is owned by Bahrain-based Ithmaar Bank (30% shareholder), US-based Overland Capital Group (25%), Gulf Finance House (22.5%), and Kuwait-based Gulf Investment House (22.5%). FLB Chairman Khalid Janahi said the...
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