March 7, 2013
CC
Bank boss plans visit
MANAMA: Chief of the first Moslem-owned investment bank in the US, the United States Financial Group (USFG), is to visit Bahrain later this month.
USFG chairman Mohammed Ali Khan will meet senior bankers during the visit, for which dates have not yet been announced.
Last month, the USFG announced plans to go public.
Private investors in the GCC will also be targeted during the public floatation with shares to be issued at $15 each.
The shares will be listed on either the American Stock Exchange or the National Association of Securities Dealers.
The bank, which began operations in 1996, posted revenues of more than $50m last year.
