The Central Bank of Bahrain (CBB) is seeing early success, following the introduction of a new regulatory framework to govern the collective investment undertakings (CIU) industry.
The new ‘Exempt’ CIUs are sponsored by Global Investment House, National Bank of Kuwait (NBK) and Naeem Holding Company for Investments.
Global’s Global Real Estate Ijara Fund is a close-ended Islamic real estate fund, NBK’s NBK Institutional Access GCC Equity Fund is a conventional, open-ended private equity fund; while the Naeem MENA Growth Fund is a conventional open-ended fund which will invest in listed equities.
Also unveils trust IPO raised £100m
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus