VOL. XLV

No 13

1-April-2002

BAHRAIN

TAIB Acquires UK Properties Worth $20.5Mn

Bahrain based TAIB Bank announced on 27 March that it had acquired two real estate properties in the UK worth 20.5mn. The ClactonFactoryShoppingVillage and the Galleries Aldershot are both factory outlets which will be managed by the Guinea Group based in Edinburgh. In a statement, TAIB said that it expects the acquisition to yield a substantial profit both for the bank and our investors and returns are expected to be...