Finance and investment firms throughout the Gulf region are making strategic appointments to take advantage of the regional financial market’s resilience against the global economic downturn. Meanwhile, improving liquidity in the region and the expansionary budget recently announced in Saudi Arabia is resulting in increased attention to the prospects for listed and unlisted equity and real estate investment opportunities. This has meant that well-qualified financial experts are needed to maximize opportunities in such areas.
Al-Khabeer International, a Bahraini company specializing in Shari’a-compliant investment, recently appointed Mr. Anthony Habis as its Chief Investment Officer. Commenting on his appointment, Mr. Ammar Shata, Executive Director of Al-Khabeer International said: “We are pleased to announce Mr. Habis’ appointment and are confident that he will be able to leverage his extensive experience with prominent financial institutions such as National Australia Bank (NAB), Abu Dhabi Investment Company (ADIC) and Commonwealth Bank of Australia (CBA) to identify and develop profitable investment opportunities for our clients.”
“I am confident that the region’s financial sector is ripe for expansion, especially for the well-capitalized firms such as Al-Khabeer who provide Islamic products for clients which are structured to meet world-class standards. Due to its strong relationship with a company in Saudi Arabia, Al-Khabeer is in a good position to source and develop high-performing products, especially those that are real estate or equity-linked. Because our business model is to co-invest with our clients, we have implemented a product development process to ensure that all of our products meet the highest standards required by an institutional investor,” said Mr. Habis.
Al-Khabeer International is licensed by the Central Bank of Bahrain as a Category 1 Islamic investment business. The paid-up capital is BD 38.8 million (more than $100 million). Al-Khabeer International serves the GCC market through its office in the Seef district of Bahrain.
© 2009 Mena Report (www.menareport.com)
Banking & Finance
