Two Gulf-based investment firms announcing profit for 2009

Two Gulf-based investment firms have announced their results for past year - and both have posted profit.

Tadhamon Capital, an Islamic investment company based in Bahrain, announced profit of $28.6 million for its first period of operations (15-months). Total revenues amounted to $34 million, including fee income of $30.3 million and profits from proprietary investments of $3.7 million.

Venture Capital Bank, another Islamic investment bank specializing in venture capital investments in MENA region, announced a net profit of $11 million, compared to $47 million the year before. The total income reached $32.4 million, while it was $82 million the year before.

To see more Middle Eastern investment firms like Tadhamon Capital and Venture Capital Bank, check our Private Equity and Venture Capital Directory.

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