|From Albawaba.com: Unicorn Investment Bank announces a record 2008 operating profit of US$73.8 million before impairments and fair value write-downs, an increase of 46% from US$50.4 million in 2007. Net profit after impairments and fair value write-downs was US$35.0 million. Earnings per share were 18.7 US cents.
The results are the culmination of a strong year for Unicorn, in which the Bank also further strengthened its capital and funding base. In January, the Bank successfully closed a 3-year syndicated commodity Murabaha facility that was significantly oversubscribed, raising US$125 million. Despite the global financial crisis, Unicorn also successfully raised new capital through an international private placement..... Full Article: Source