Bahrain Middle East Bank (BMB) announced the distribution of $1.46 million to its investors across various investment holdings for the quarter ending 31 December 2012, thereby taking aggregate total distributed since new management take-over in 2009 to $20.7 million.
“We are very pleased with being able to announce the ‘thirteenth’ consecutive quarterly distribution despite challenging and unfavorable market conditions. This extra-ordinary feat remains testament to the vigorous and relentless endeavours as undertaken by the present management to restructure the Bank which was facing many challenges which included – amongst other – an obsolete and third-party dependent business model,” CEO of BMB 