Bahrain-based Taib Bank was able to complete -- as well as exit from -- several transactions in the area of real estate investments. During 2004, the Bank exited from 7 real estate investments in the United Kingdom and 2 in the United States for a total value of US$ 415 million.
The Bank was also able to offer 9 new real estate investments to its investor clients -- 4 in the United States, 1 in the United Kingdom, 2 in France and 2 in the GCC. These fresh investments and exits were significantly larger in number than what the Bank was able to achieve in 2003. As a result, the assets of real estate companies, into which the bank and its co-investors have invested, stood at US$ 918 million as at the end of the year.
