Middle East Economic Survey
VOL. XLVII
No 45
8-November-2004
BAHRAIN
REGIONAL BANKING
First Islamic Announces $300Mn Residential Joint Venture With BIGCC
First Islamic Investment Bank has undertaken the equity investment in a $300mn project initiated by Bahrain International Golf Course Company (BIGCC) to develop a themed residential community around the Riffa Golf Course in Bahrain, the bank announced on 1 November. The Islamic structured financing facility is fully underwritten by HSBC, although...
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