August 28, 2009

CIMB clinches advisory role for Mecca project

Published: 2009/08/28

CIMB Islamic Investment House (CIMB Middle East), the investment banking arm of the CIMB Group in the Middle East, has been hired to advise on a tie-up between Bahrain-based Al Salam Bank and Perbadanan Tabung Amanah Islam Brunei (TAIB).

Al Salam and TAIB are working on a Mecca real estate project known as Burj Al Safwa Tower, a residential and commercial tower near the Grand Mosque's King Abdul-Aziz Gate.

CIMB Middle East had earlier advised Al Salam Bank to sell its 50 per cent stake in Burj Al Safwa to TAIB.

CIMB Middle East is a 50:50 joint venture between the CIMB Group and the Kanoo Group, a Bahrain-based diversified business conglomerate.

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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