First Energy Bank Sponsors HRH Faisal Bin Turki Al-Faisal's boat for the International Union for Con - 18/October/08
Manama, Bahrain, 18th October 2008: First Energy Bank has announced it is to sponsor HRH Prince Faisal Bin Turki Al-Faisal's boat at the IUCN (International Union for Conservation of Nature) World Conservation Congress Sailing to Barcelona to be held on 5-14 October 2008 in Barcelona, Spain.
HRH Prince Faisal Bin Turki Al-Faisal said, "I am very honored to be part of the event and to have First Energy Bank as the main sponsor of our boat. It is important that we are part of this initiative to voice the world's concern regarding the oceans and coastlines and to focus on the dire need for marine conservation and to gather efforts from various countries of the planet, including the Arab world, to begin saving the sea world.
HRH added, "We expect that our participation will facilitate further development of our capacities at the Global Strategic Studies Institute.
First and foremost from the aspect of the implementation of the system of reforms in the field of management of nature protected areas and improvements in the efficiency and harmonization of legislative and institutional framework with standards endorsed across the Middle East and the world."
First Energy Bank Chairman, Esam Y. Janahi said, "First Energy Bank has a strong global commitment to supporting environmental issues. While recognizing the importance of this gathering and congress in Barcelona, we wanted to provide support to the Global Strategic Studies Institute and give our contribution to its' mission and initiative at the Sailing to Barcelona."
He added. "This is also a clear statement that First Energy Bank wishes to be part in such an important ecological mission, as the world's first bank to offer exclusively tailored investment, financing, and services solutions within the energy industry we have a strong understanding of environmental issues especially within the alternative energy sector."
Sailing to Barcelona is an exciting initiative launched by the IUCN, linking the nautical and conservation worlds for the protection of our oceans, seas and coasts. On board the boat will be twelve children from the Arab world, aged between 12 and 14, setting out from Qatar, towards the Sultanate of Oman, Saudi Arabia, Jordan, Egypt, Turkey, Greece, Italy, France and finally Barcelona.
An expert team of marine specialists and trainers, to teach them the latest diving techniques and help them observe the seabed, will accompany them.
Several dozen boats will set sail for the Spanish port of Barcelona in the name of marine conservation. Their message is one: we can and must protect our seas, oceans and coasts. The boats are not just ordinary sailing vessels. Each boat is living proof that something can be done to protect the extraordinary blue world that covers more than two thirds of our planet.
About First Energy Bank
First Energy Bank B.S.C. (c) (FEB) is wholesale bank (Islamic Principles) licensed by the Central Bank of Bahrain. The bank has an initial paid-up capital of US $1 billion raised through a private placement by its founding shareholder, Gulf Finance House (GFH). The Bank holds a license from the Central Bank of Bahrain for Wholesale Banking on Islamic Principles. FEB will be headquartered in Bahrain Financial Harbour, Manama, Kingdom of Bahrain.
FEB's founders believe that the global energy sector and the MENA region currently offer excellent opportunities for private equity and Islamic finance investment in production, enhanced recovery and efficiency, infrastructure development and energy-related industrial capacity.
Working in accordance with the Islamic principles, FEB will act as investor, financial partner and advisor for projects and transactions in a wide range of energy-related sectors. These will include oil and gas exploration, production, processing, transportation, storage and refining, as well as oilfield services, petrochemicals and other value added industries, electric power and alternative energy. The Bank will focus on opportunities in the Middle East and North Africa (MENA) region and global opportunities where closer ties with the MENA region can be mutually beneficial. FEB's investments will encompass energy-related development projects, joint ventures, corporate mergers and acquisitions and purchases of assets and asset portfolios.
FEB has authorized capital of 2 billion shares of par value $1 each, of which US $1 billion is issued and subscribed. FEB's shareholders include a diverse group of organizations and individuals from the Kingdom Bahrain, the Kingdom of Saudi Arabia, the United Arab Emirates, Libya and other countries in the Middle East and North Africa. No single shareholder holds more than 10% of the bank's stock.
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Manama, Bahrain, 18th October 2008: First Energy Bank has announced it is to sponsor HRH Prince Faisal Bin Turki Al-Faisal's boat at the IUCN (International Union for Conservation of Nature) World Conservation Congress Sailing to Barcelona to be held on 5-14 October 2008 in Barcelona, Spain.HRH Prince Faisal Bin Turki Al-Faisal said, "I am very honored to be part of the event and to have First Energy Bank as the main sponsor of our boat. It is important that we are part of this initiative to voice the world's concern regarding the oceans and coastlines and to focus on the dire need for marine conservation and to gather efforts from various countries of the planet, including the Arab world, to begin saving the sea world.
HRH added, "We expect that our participation will facilitate further development of our capacities at the Global Strategic Studies Institute.
First and foremost from the aspect of the implementation of the system of reforms in the field of management of nature protected areas and improvements in the efficiency and harmonization of legislative and institutional framework with standards endorsed across the Middle East and the world."
First Energy Bank Chairman, Esam Y. Janahi said, "First Energy Bank has a strong global commitment to supporting environmental issues. While recognizing the importance of this gathering and congress in Barcelona, we wanted to provide support to the Global Strategic Studies Institute and give our contribution to its' mission and initiative at the Sailing to Barcelona."
He added. "This is also a clear statement that First Energy Bank wishes to be part in such an important ecological mission, as the world's first bank to offer exclusively tailored investment, financing, and services solutions within the energy industry we have a strong understanding of environmental issues especially within the alternative energy sector."
Sailing to Barcelona is an exciting initiative launched by the IUCN, linking the nautical and conservation worlds for the protection of our oceans, seas and coasts. On board the boat will be twelve children from the Arab world, aged between 12 and 14, setting out from Qatar, towards the Sultanate of Oman, Saudi Arabia, Jordan, Egypt, Turkey, Greece, Italy, France and finally Barcelona.
An expert team of marine specialists and trainers, to teach them the latest diving techniques and help them observe the seabed, will accompany them.
Several dozen boats will set sail for the Spanish port of Barcelona in the name of marine conservation. Their message is one: we can and must protect our seas, oceans and coasts. The boats are not just ordinary sailing vessels. Each boat is living proof that something can be done to protect the extraordinary blue world that covers more than two thirds of our planet.
About First Energy Bank
First Energy Bank B.S.C. (c) (FEB) is wholesale bank (Islamic Principles) licensed by the Central Bank of Bahrain. The bank has an initial paid-up capital of US $1 billion raised through a private placement by its founding shareholder, Gulf Finance House (GFH). The Bank holds a license from the Central Bank of Bahrain for Wholesale Banking on Islamic Principles. FEB will be headquartered in Bahrain Financial Harbour, Manama, Kingdom of Bahrain.
FEB's founders believe that the global energy sector and the MENA region currently offer excellent opportunities for private equity and Islamic finance investment in production, enhanced recovery and efficiency, infrastructure development and energy-related industrial capacity.
Working in accordance with the Islamic principles, FEB will act as investor, financial partner and advisor for projects and transactions in a wide range of energy-related sectors. These will include oil and gas exploration, production, processing, transportation, storage and refining, as well as oilfield services, petrochemicals and other value added industries, electric power and alternative energy. The Bank will focus on opportunities in the Middle East and North Africa (MENA) region and global opportunities where closer ties with the MENA region can be mutually beneficial. FEB's investments will encompass energy-related development projects, joint ventures, corporate mergers and acquisitions and purchases of assets and asset portfolios.
FEB has authorized capital of 2 billion shares of par value $1 each, of which US $1 billion is issued and subscribed. FEB's shareholders include a diverse group of organizations and individuals from the Kingdom Bahrain, the Kingdom of Saudi Arabia, the United Arab Emirates, Libya and other countries in the Middle East and North Africa. No single shareholder holds more than 10% of the bank's stock.
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