First Energy Bank

First Energy Bank Holds 3rd Annual General Meeting

Manama, Bahrain, 30 March 2010: First Energy Bank (FEB) today held its third third Annual General Meeting, during which it announced that it had achieved very good financial results in 2009. Specifically, FEB’s profits rose to $14.2 million, while its total revenues increased to $47.41 million, and total assets rose to $1.233 billion.Esam Yousif Janahi, […]

First Energy Bank Commemorates Floating of MENADrill’s First Jackup Drilling Rig

Manama, Bahrain - 28 March 2010: First Energy Bank’s (FEB) inaugural project in 2008 was the launch of MENAdrill Investment Company (”MENAdrill”), a Cayman Islands entity specialised in the offshore drilling industry. FEB, along with the other shareholders of MENAdrill, is today celebrating the floating of its first “Friede & Goldman Super M2″ jackup rig […]

First Energy Bank’s 2009 Results Announced

Manama, Bahrain - 25 February 2010: Bahrain based First Energy Bank (FEB) announced today profits of US$ 14.2 million in 2009, as compared to US$ 42 thousand in 2008’s. FEB also reported a Gross Income of US$ 47.41 million for 2009 as compared to US$ 17.03 million in 2008. Total Assets have increased from US$ […]

First Energy Bank appoints GIB as a Financial Advisor to the Saudi Polysilicon project in Saudi Arabia.

Manama, Bahrain, Monday 18th January, 2010 - First Energy Bank appointed Gulf International Bank (GIB) as the exclusive financial advisor to the debt and equity funding for Saudi Polysilicon Project, the first polysilicon production plant of its kind to be constructed in the Kingdom of Saudi Arabia.The Saudi Polysilicon Project is being sponsored and developed […]

MENA Energy Review Quarterly Report