“We are delighted to have delivered solid dividends for four consecutive quarters to investors from across the GCC region that participated in our aviation leasing company,” said Mohamed Aljasim, Chief Investment Officer at CMH.
“Our focus is on investments with significant growth potential but importantly those that are also income-yielding. At the end of 2010, we identified aviation and the leasing sub-segment, in particular, as areas of opportunity and concluded a successful transaction that enabled CMH to realise strong gains and create a steady stream of income for the Bank and our investors throughout 2011 and CMH is also exploring further attractive opportunities in this sector,” he added
CMH’s aircraft leasing company was created in January 2011 and has been structured around a transaction concluded with Emirates Airlines, one of the world’s leading carriers, which consists of the acquisition of a Boeing 777-200ER aircraft from the airline and an agreement whereby it has been leased back to Emirates. The deal, which was undertaken in partnership with Novus Aviation and Muzun Partner Ltd., builds on opportunities in the regional aviation sector, which has shown to be resilient, and on the leasing sub-segment where strong returns can be achieved and where further growth, both in absolute and relative terms, is expected to continue in light of the Middle East’s position as one of the fastest growing travel hubs in the world.
CMH invests in key sectors of the economy and in particular those that are of fundamental importance to the development of the region. To date, the Bank has made significant investments in: Transportation, Infrastructure, Energy, Power, Financial Services, Real Estate and Capital Markets.
CMH is an Islamic investment bank incorporated in the Kingdom of Bahrain in May 2006 and regulated by the Central Bank of Bahrain. CMH’s shareholders include some of the most reputable Islamic financial institutions and investors from across the GCC region.
In early 2009, CMH successfully concluded a capital raising exercise increasing it’s paid up capital to $100 million and subsequently in October 2009 upgraded its licence to a wholesale Islamic investment banking licence.
The Bank provides unique and creative solutions to clients’ financial and investment requirements through the offering of a broad range of services from private equity and venture capital to asset management, real estate and investment advisory.
CMH continues to focus on its vision to be the investment bank of choice by maintaining a high level of integrity, diversity and product quality. In recognition of these characteristics and its market leadership, CMH has been awarded Best GCC Private Equity Firm 2010 by World Finance, the influential global business publication.