Al-Safwa Group Holding Co. has subscripted in to increase of the capital of Unicorn Bank of investment, which Established in The Kingdom of Bahrain and we invested of the sum of 10.7 million Kuwaiti dinars with equivalent to ( 37 million US dollars ), as 6 % of the bank capital after the increase and Capital reaching about 196 million US dollars.
It is worth mentioning that Unicorn Bank was founded in 2004 by a capital value 112 million US dollars and he is committed to the principles, the judgments and the Islamic legitimacy:
Financing the companies
The stock markets and the treasury
The management of origins
The merging operations and the possession strategic
The international special possession and the solidarity ( the Islamic securing )
The bank is open two branches in The United States of America and Malaysia, a knowledge that the bank registered the presentation of a request for getting ridicule licence for the practice of the bank works in The United Arab Emirates and a licence for a wider scope that includes the management of origins, the consultative services and the arrangement operations and the deposit of keeping and circulation in The Kingdom of Saudi Arabia.
The bank has achieved 24 million US dollars of net profit about year 2005 and in 1st-Qtr from year 2006 the achievement of a net profit took place and with a value of 16 million dollars. The knowledge of that the bank undertakes the inclusion plan in Bahrain market to the securities through fourth quarter from the year 2006 or in 1st-Qtr to year 2007 assuming that it takes place no really its inclusion in one of Gulf Cooperation Council countries markets .