BMB Investment Bank semi annual income at US $4.2 million

3 August 2008

Manama, Bahrain (3 August 2008) – BMB Investment Bank (“BMB” or the “Bank”) announced today its 2008 semi annual results with a net income of US $4.2 million as compared to US $12.8 million in the corresponding prior year period.

Second quarter total income from operations came in at US $2.2 million; however it was offset by operating expenses resulting in a net loss of US $0.3 million as compared to a profit of US $11.8 million for the second quarter of 2007, due to a substantial reduction in investment realisations.

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