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Saturday, 14 February 2015

Bahrain's Arcapita: Rising from the ashes - ArabianBusiness.com

Bahrain's Arcapita: Rising from the ashes - ArabianBusiness.com:



"One of the reasons the Gulf has been so slow to introduce bankruptcy legislation is because there is still a stigma associated with the process. While some of the biggest companies and business names in the West have gone through the process, in the Arab world it is still seen as taboo and a major cultural failure.



One company that has gone through the process, come out the other side and is slowly beginning to scratch away at the doomsday perception associated with bankruptcy is Bahrain-owned, US-based firm Arcapita.



While it is headquartered in Atlanta, Georgia, it is wholly owned by Bahrain-based Arcapita Bank, which was formed in 1996 and was originally named the First Islamic Investment Bank."



'via Blog this'