Investcorp Sponsors “Banks in Bahrain Reception” at the IMF/ World Bank Conference in Washington, DC

30 Jun 2013

Investcorp, the leading global provider and manager of alternative investment products, announced today its sponsorship of the “Banks in Bahrain Reception” which will take place on 12 October 2013 in Washington, DC. The reception will be held in conjunction with the IMF/ World Bank Annual Meetings. Investcorp has been a supporter of the reception for the past ten years and will be represented this year by Mohammed Al-Shroogi, President for Gulf Business and Rishi Kapoor, Chief Financial Officer.

Hosted by the Bahrain Association of Banks, the event intends to showcase Bahrain to the international policymakers who participate in the meetings. The Bahraini delegation will be led by His Excellency, Shaikh Ahmed bin Mohammed Al Khalifa, the Minister of Finance and His Excellency, Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain.

Mohammed Al-Shroogi said: “We are proud of our ten year record in continuously supporting the Bahrain Association of Banks and to be a representative of the Kingdom of Bahrain’s strong financial sector. Confidence in the region’s economy is on the rise as we emerge from the financial crisis. With a forecasted growth of around 4% of GDP in 2013, regional banks are certainly broadening their scope of investments and re-enforcing their commitment to economic growth. At Investcorp, we continue to build on our successes over the last 30 years in Bahrain, connecting regional investors to profitable opportunities in the West.”

This reception will bring leading members of the global banking community, government representatives, private sector executives, civil society and leading academics to share their views on the many opportunities which Bahrain presents, highlighting the rapid development of the finance industry in the wider GCC region and its deepening connections with the global capital markets.

The Annual Meetings of the IMF/ World Bank Group is a forum to discuss issues of global concern, including world economic outlook, global financial stability, job creation and poverty eradication.