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Showing posts with label Bahrain Middle East Bank. Show all posts
Showing posts with label Bahrain Middle East Bank. Show all posts
Wednesday, 14 April 2021

BCDR Issued USD 4.1 Million Judgment in Favor of Bahrain Middle East Bank ("BMB") Against Former Shareholders

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A First Step But Still a Long Way to Go 8 April BMB announced (somewhat belatedly) that on 1 February the BCDR had issued a judgment in its...
Friday, 26 March 2021

Bahrain Middle East Bank - 2020 Financials and 1Q2021 Financials Still in "Limbo"

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24 March BMB announced that no date had been set by its Board of Directors to review and approve the bank’s financial statements for the pe...
Sunday, 25 October 2020

The Even More Curious Case of Bahrain Middle East Bank - Who Owns the Bank?

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Another curiosity regarding BMB. According to the information at the Bahrain Bourse , BMB has two major shareholders: AN Investment WLL Bahr...
Monday, 19 October 2020

BMB Wins Judgment in BCDR: Financial Impact, if any, Likely to be Negligible

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A First Step May be Important Even if It is Small 11 October BMB announced that the Bahrain Chamber for Dispute Resolution (BCDR) had ruled...
Wednesday, 29 July 2020

BMB Launches Suit Against Related Parties to Recover US$ 6.6 Million

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Last Monday Bahrain Middle East Bank (BMB) confirmed the accuracy of  Al Ayam newspaper  report that the bank had instituted legal proc...
Wednesday, 15 April 2020

Bahrain Middle East Bank - Successful AGM, No EGM = Future Remains Bleak

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At the Third AGM, a Quorum Can Be Rather Small BMB “successfully” held its FY 2019 AGM on 9 April after two previous unsuccessful tri...
Wednesday, 18 March 2020

Bahrain Middle East Bank - Apparent Way Forward to Hold EGM

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A while back I wrote that it was highly likely that ANI (BMB's Turkish-owned) major shareholder would not attend Extraordinary Gene...
Thursday, 27 February 2020

Bahrain Middle East Bank FY 2019 Review and Suggested Shareholder Questions for the AGM

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Lots of Tunnel Little Evidence of Light A quick review of BMB’s FY 2019 financials provide no real reason for optimism.   Based...