APICORP is Granted An Investment Banking Licence in Bahrain

25/09/2005 – The Bahrain Monetary Agency (BMA) has granted five licences for a diverse range of banking activities. The new licences were approved this month by HH Shaikh Khalifa Bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain and Chairman of the BMA Board. APICORP has been issued an investment banking licence. The new entity, which will be an arm of APICORP will participate in taking equity positions and providing debt financing to the petroleum industry. The prime objective of the bank will be to support the financing of the oil, gas and petrochemical industries in Arab countries on a commercial basis.

Read also…
BMA grants five licences
Bahrain News Agency, Bahrain – Sep 25, 2005
BMA grants five banking licences
AME Info, United Arab Emirates – Sep 25, 2005
BMA grants five banking licences
MENAFN Press – Sep 25, 2005
BMA issues five licences
Gulf Daily News, Bahrain – Sep 25, 2005