Arab Islamic Bank discusses the establishment of three investment companies

Arab Islamic Bank discusses the establishment of three investment companies



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30/08/2018

Economy News Baghdad

Arab Islamic Bank announced Thursday the establishment of three investment companies to develop the investment business of the bank.

"The establishment of three investment companies in various fields and activities for the purpose of developing investment work in the bank in accordance with paragraph (3) of Article (5) of the Islamic Banks Law No. (43) For the year 2015 ".

The statement pointed out that the first companies are "Arabian Equities for Agricultural and Animal Investments Limited liability and capital of (8) billion dinars, and the Arab company for the limited liability and capital (7) billion dinars."

The statement added that the third companies are "Al-Jazira Arab Company for Investments in Limited Liability Properties with a capital of (10) billion dinars."

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