September 22, 2014 5:10 AM ET

Capital Markets

Company Overview of Addax Bank B.S.C. (c)

Company Overview

Addax Bank B.S.C. (c) is a boutique investment banking firm that offers financial advisory services. The firm provides capital raising, business strategy, real estate development, portfolio management, private placements, divestitures, and mergers and acquisitions advisory services. It caters to financial services, hospitality and food and beverage, real estate, infrastructure, and fine-arts industries. Addax Bank B.S.C. (c) was founded in 2003 and is based in Manama, Bahrain.

Addax Tower, 1st Floor

Buliding 1006, Road 2813

Block 428, Seef District

PO Box 11159

Manama,  

Bahrain

Founded in 2003

Phone:

973 17 560 444

Fax:

973 17 560 445

Key Executives for Addax Bank B.S.C. (c)

Senior Vice President and Head of Financial Control and Operation
Chief Risk Officer
Chief Investment Officer
Chief Legal Officer
Vice President of Investment Placement
Compensation as of Fiscal Year 2014.

Addax Bank B.S.C. (c) Key Developments

Addax Bank B.S.C. (c) Presents at The 6th Annual SuperReturn Middle East 2012, Oct-15-2012 04:30 PM

Addax Bank B.S.C. (c) Presents at The 6th Annual SuperReturn Middle East 2012, Oct-15-2012 04:30 PM. Venue: Ritz-Carlton, Dubai International Finance Centre, PO Box 482032, Gate Village, DIFC, Dubai, United Arab Emirates. Speakers: Wael H. Aburida, Chief Executive Officer and Director.

Addax Bank B.S.C. (c) Announces Initiation of Legal Case

Addax Bank B.S.C. (c) announced the recovery of the amount invested in its shares. The company appointed a prominent lawyer in Bahrain to represent in the GCC Arbitration Centre. The company to further clarify that the carrying value of the investment made in Addax Bank has been valued at its fair value at end of every reporting period, using NAV of Addax Bank as basis, in accordance with requirements of IFRS. The value of this investment stood in books as on June 30, 2012 at BHD 427,315. The company do not foresee any financial impact on the valuation of the investment due to initiation of the commercial claim against Addax Bank at GCC Arbitration Centre, Bahrain.

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