November 24, 2008

First Investment Bank will host the WIBC gala dinner and International Industry Awards Ceremony at the Gulf International Convention and Exhibition Centre this evening."The kingdom of Bahrain has firmly established itself as a hub for Islamic finance and is making great strides towards creating a framework that will address the needs of the future by implementing farsighted regulations, performance checks and investing in research," said First Investment Bank chief executive officer Jamal Ali Al Hazeem."As a new entrant to the market, First Investment hopes to make a lasting impact on the industry by pioneering dynamic and innovative products to this highly competitive market."First Investment Bank was launched late last month and Bahrain was announced as its global headquarters.With an authorised capital of $200 million and a paid up capital of $120m the bank's shareholder base consists of some of the Gulf region's most renowned financial institutions.