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United International Bank unveils new corporate name

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Points of Essence:

  • Bahrain based United International Bank has changed its corporate name to Seera Investment. Established in 2006, the name change will reflect more on the activities of the bank as it is leveraging on the new branding platform to expand its activities in the GCC and worldwide.

Manama, United International Bank UIB B.S.C.(c) , a Shari’a compliant investment bank headquartered in Bahrain, today unveiled its new corporate name; Seera Investment Bank B.S.C. (c) (Seera).

This change of name is intended to create a more unique identity for the Bank and reflects the growing presence of the Bank both in the GCC and internationally. The Bank felt that it was important to establish a brand platform that will support the Bank’s ambitions to further expand its business.

Mr. Asaad Albanwan, Chairman of Seera Board.

Commenting on the new corporate name, Mr. Asaad Albanwan, Chairman of Seera Board, said: “It gives me immense pleasure to unveil Seera as the new name of our bank which is aimed at creating a more unique brand that would support our ability to further grow the Bank in its business undertakings both regionally and internationally.”

” The word Seera depicts a person’s journey through life in Arabic and can also describe a legacy. We feel this sums up the philosophy of our Bank, which is to look at investing responsibly and to take a long view of investments and the business as a whole.” Mr. Albanwan added.

Emphasizing the strong asset value of the new name, Mr. Abdulla Janahi, General Manager and Acting Chief Executive Officer of Seera, stated: This unique name “Seera” will allow us to build a differentiated brand and define a clear vision for the Bank while adhering to the same values and principles which have been the pillars of our growth so far.  We believe that a strong brand will allow us to build on our relationships with our shareholders and business partners and assist in our ability to deliver innovative investment opportunities.”

The new logo displays an open book reflecting the Bank’s openness and transparency. Each page of the book is shaped like a compass point, imparting a sense of direction and emphasizing the clarity of the Bank’s overall vision.

Currently entering its third year of operation, Seera has developed a selective yet diverse portfolio that includes significant transactions in the aviation, energy and water treatment sectors. Its strategy is to invest in established growth sectors in the MENA region as well as the developed markets of Europe, North America and Asia. In pursuit of this objective, Seera seeks to invest in companies with a global footprint that play a leadership role in a niche market .

The unveiling of the new name coincides with the 15th Annual World Islamic Banking Conference (WIBC), to be held from November 23 to 25. Seera is an Innovative Sponsor of the WIBC, which is a premier Islamic banking event that is expected to attract more than a thousand market leaders from over 40 countries.

-Ends-

About Seera Investment Bank
Incorporated in 2006 in the Kingdom of Bahrain as United International Bank B.S.C. (c), Seera Investment Bank B.S.C. (c) (Seera) is an investment bank licensed and regulated by the Central Bank of Bahrain with an authorized share capital of US$ 2.5 billion and a paid-up capital of US$ 291 million.

This press release has been issued by Seera PR & Corporate Communications department.

For further information, please contact:
Seera PR & Corporate Communications Manager,
Lulwa S.
TEL:  +973 17 56 52 25,
e-mail:  lulwas@seera.com

© Press Release 2008

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Written by Suapi Shaffaii

November 22, 2008 at 10:40 pm

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