Bahrain Middle East Bank today (B.S.C) announced the distribution of $ 2.3million to its private equity Investors for the quarter ending 31 March 2012 – thereby taking aggregate distributed since the New Management take-over to $17.7 million.
“We are pleased to announce the distribution for tenth consecutive quarter despite a challenging market environment and unfavorable global economic conditions. This further highlights the Bank’s ability to maintain and service these assets to extract maximum possible value for its investors in its various investment instruments,” Akbar Habib said.