Banque Bemo Saudi Fransi (196)

01-06-2009
Activity at the Damascus Bourse has slowed for the second week running as a new brokerage firm has joined the Exchange.
26-04-2009

Fransabank-Syria launched officially its operations in Syria on April 20.

05-04-2009

Seven new brokerage firms have received a license from the Syrian Financial regulator.

05-04-2009

The number of companies traded in the Damascus Securities exchange has increased to seven after the addition of the stocks of the International Bank for Trade and Finance.

22-03-2009

The Damascus Securities Exchange has set a reference price for stocks of the three listed companies that have already been traded.

15-03-2009

Mohammad Hussein, Syria’s Minister of Finance, rang the trading bell as the country’s first Stock Exchange finally opened its doors on March 10.

07-03-2009

Five companies will be listed in the Damascus Securities Exchange when it is officially launched on March 10.

28-02-2009

Banque Bemo Saudi Fransi is the first Syrian company to be allowed to list its shares in the Damascus Securities Exchange.

22-02-2009

Banque Bemo Saudi Fransi continued to lead the private banking sector in Syria last year.

07-02-2009

Banque Bemo Saudi Fransi is the first Syrian company to be formally allowed to trade its shares in the Damascus Securities Exchange.

31-01-2009

Pilot trading at the Damascus Securities Exchange began on January 22 ahead of the formal launch, which is now planned for March 9.

12-01-2009
Nour Takaful is holding an initial public offer for 50.1 percent of its capital starting January 18. The IPO will last until February 16, 2009.
05-01-2009

Official trading at the Damascus Securities Exchange will start on February 23, 2009, according to a statement from the Syrian bourse.

21-12-2008

Arab Bank Syria received on December 16 a preliminary approval to list its shares in the Damascus Securities Exchange.

24-11-2008

Bemo Saudi Fransi Finance has announced that Bank Al Sharq’s IPO was oversubscribed by 438 percent.

24-11-2008
The SYP 750 million rights issue by Banque Bemo Saudi Fransi was fully subscribed, according to the brokerage arm of the bank, Bemo Saudi Fransi Finance.
24-11-2008
The number of branches operated by private banks in Syria rose to 92 at the end of October, or a quarter of the entire banking network, according to the Central Bank of Syria.
17-11-2008

Market Evolution Software Products Limited, a company from the Bahamas, has been chosen to supply the electronic trading systems to be used by the Damascus Securities Exchange (DSE).

27-10-2008
The International Bank for Trade and Finance (IBTF), Syria's fourth largest private bank in terms of assets, has received a preliminary license from the Syrian Commission on Financial Markets and Securities (SCFMS) to set up a brokerage house.
29-09-2008

Bank Al-Sharq will launch on October 7 an Initial Public Offer for 20.5 percent of its capital. The IPO will last until October 29.

29-09-2008
Banque Bemo Saudi Fransi is the first Syrian company to apply for its shares to be listed in the Damascus Securities Exchange.
15-09-2008
Banque BEMO Saudi Fransi is increasing its capital by SYP 750 million through a rights issue.
25-08-2008
Syria Gulf Bank and Banque Bemo Saudi Fransi have published their unaudited financial results for the six months ending June 30, 2008.
18-08-2008

The Syrian Commission on Financial Markets and Securities has granted a preliminary license to two new brokerage firms.

28-07-2008

Bank Audi Sal of Lebanon has announced that it had closed a USD 380 million syndicated bridge facility for the Syrian Cement Company.

28-07-2008

The Central Bank of Syria has loosened its restrictions on foreign currency transfers by allowing Syrians travelling abroad to withdraw the equivalent of up to USD 10,000 from their Syrian Pound accounts.

21-07-2008

Bemo Saudi Fransi Finance (BSFF) is to conduct the Initial Public Offer for Al-Sharq Bank and Aman Takaful Insurance as well as a rights issue for Banque Bemo Saudi Fransi (BBSF), according to Omar Ghraoui, Chief Operating Officer.

09-06-2008
Investment Dar has agreed to sell its 12.5 percent stake in Cham Bank to the Commercial Bank of Kuwait, according to press reports from the Gulf.
26-05-2008

Bank Audi has announced that it had signed an agreement to part-finance the USD 590 million Greenfield cement plant built in Aleppo by Orascom Construction Industries.

26-05-2008

Damascus Cargo Village (DCV) has announced a 200 percent increase in its 2007 profits to SYP 5 million.

12-05-2008
Arab Bank Syria SA has announced a three digit growth in total assets, net credit facilities and deposits in 2007.
28-04-2008

Bemo Saudi Fransi Finance (BSFF) can start offering advisory and IPO management services following the approval of the Syrian Commission on Financial Markets and Securities (SCFMS).

21-04-2008

Banque Bemo Saudi Fransi (BBSF) has announced an increase of 28.9 percent in its total assets at the end of last year, to SYP 80.09 billion (USD 1.66 billion).

21-04-2008
The International Bank of Trade & Finance has posted a 3-digit growth in total credit facilities to its clients.
21-01-2008
The number of branches operated by private banks in Syria reached 68 at the end of last year, an annual increase of 58 percent.
07-01-2008

Two new private Syrian banks are applying to offer financial intermediation services.

09-12-2007

Al Mashrek Fund, a holding firm owned by Mr Rami Makhlouf and the main shareholder of Cham Holding, has published its establishment budget.

26-11-2007

The minority partner in Bemo Saudi Fransi Finance, a financial intermediary firm that received a preliminary license from the Syrian Securities Authority, is the Fadel Group.

19-11-2007
Bemo Saudi Fransi Finance has been granted a preliminary licence by the Syrian Commission on Financial Markets and Securities to operate as a financial broker. BSF Finance will have a capital of SYP 300 million.
21-10-2007
The Syrian Commission on Financial Markets and Securities has released the draft text of the Listing Act which sets the conditions for listing and trading stocks, bonds, debt instruments and other securities in the Damascus Stock Exchange.
30-07-2007
The International Bank for Trade and Finance (IBTF) will double its capital to SYP 3 billion (USD 60 million) following a public subscription offer to be held starting August 15 for a period of two weeks, according to Habib Yared, financial administrat...
18-06-2007
Assets of the International Bank of Trade and Finance reached SYP 29.40 billion at the end of last year.
21-05-2007
Total assets of Arab Bank Syria reached SYP 9.62 billion (USD 188 million) at the end of last year according to the financial statements of the company
14-05-2007
The total assets of Bank of Syria and Overseas doubled at the end of last year while BBSF continues to lead private banks across most indicators.
01-02-2004
The first few weeks of private sector activity have appeared somehow bumpy for the Syrian banking sector. Indeed, two major controversies have already marked the beginning of the year.