Flip through the latest issue of Gulf Weekly.
Venture Capital Bank held its annual general meeting (AGM) on Sunday at the Sheraton Hotel, to distribute dividends following the bank's phenomenal financial performance during 2007.
Having completed its second year of being fully operational, VC-Bank recorded a growth of 143 per cent in 2007, reported $32.3 million net profit.
"VC-Bank is a testament of how an innovative vision can materialise in a manner which far exceeds expectations for such a young firm. The bank enjoyed a highly successful 2007, marked by record financial results, encouraging strategic initiatives, impressive new business achievements, and on-going organisational developments," said its chief executive officer Abdullatif Mohamed Janahi.
