According to Al-Sharq Al-Awsat newspaper (June 25, 2005), the Bahrain Monetary Agency (BMA) issued a permit to launch the first mortgage financing company in Bahrain by a BD 40 million ($106 million) authorized capital and a BD 20 million ($53 million) paid-up capital. The major investors in the new company are the Gulf Investment House (Tameer), Global Investment House and Oasis Real Estate Company. The new company, which will be listed on the Bahrain Stock Exchange after three years, specializes in mortgage financing.
Al Bawaba
