Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

SAIB's board recommends highest dividend since 2016; 33% capital hike

The bank’s board recommendation for the capital hike will be via issuing bonus shares, granting one share for every three shares.

EFG Hermes advises TPG's Evercare Group

On the sale of its 50% stake in Islamabad Diagnostic Centre to Integrated Diagnostics Holding for USD 72.4mln

UAE’s Mubadala, Bpifrance commit extra $4.5bn to co-investment partnership

Abu Dhabi sovereign investor signs agreement during French President Emmanuel Macron’s official state visit to the UAE

Oman's Al Madina Investment board approves merger

Merger by inclusion will be based on book value of both firms

DEWA hires Citi, HSBC for top roles in IPO: sources

Could raise up to $2bln

GFH Named As Region’s Top Islamic Investment Bank By MEA Finance Awards

The MEA Finance Awards recognise financial institutions and industry individuals for their exceptional achievement and inspirational leadership in delivering innovative products and services of the highest value to their customers.

QInvest subsidiary wins award

The award was received during the latest edition of the Turkish Capital Markets Summit.

EFG Hermes Holding concludes aiBANK acquisition

This is now a universal bank in Egypt with a market leading investment banking platform

“Hermes Holding” becomes a comprehensive bank in Egypt

The Gulf Cooperation Council is proud of the company’s key role in concluding the most important regional agreements group in the world.

Shuaa Capital's nine-month profit rises on strong performance

Net profit for the January-September period surges to $24.7m

Natixis IPO Shows How to Break Through in Crowded Saudi Market

The Paris-based bank, which aims to boost its investment banking revenues by 7% every year until 2024,

Credit Suisse pares back investment banking, sharpens focus on rich

Credit Suisse plans to hire 500 more private bankers over the next three years, with the aim of having 1.1 trillion Swiss francs of assets under management by 2024 compared with 0.9 trillion currently.

Saudi EXIM Bank, Japan's SMBC, sign MoU

More global deal making to secure financing & insurance solutions that help Saudi exporters reach Southeast Asia & the world

Qatar First Bank was named "Best Corporate and Investment Bank" in Qatar at Asiamoney Best Bank Awards 2021

QFB's strength was reflected in the numerous Shari'ah compliant investments which provide an opportunity for local investors to enter the US real estate market

StanChart to add bankers in sustainable finance, capital markets in Saudi Arabia

“Do remember we have a large presence in the regional office, so some of it will be fresh hires, some of it will be moves from here to the kingdom,”

First Abu Dhabi to Sell Stake in $1B Payments Unit

The proposed sale aligns with the current shifts in the international payments space. Banks are going toe-to-toe with bespoke providers and have been looking to sell off various divisions to stay competitive.

First Abu Dhabi Bank expected to sell $344mln in 5-year bonds - document

FAB, HSBC, Standard Chartered and TD Securities are arranging the deal

Standard Chartered H1 profit surges on strong business momentum

Operating profit jumped to $476 million from $91 million during the same period last year

EFG Hermes closes fifth issuance for premium international for credit services in an EGP 211mln securitization transaction

The fourth EGP 170 million issuance closed in January 2021

Saudi Investment Bank adopts Cisco SDN Architecture

SAIB will be the first bank in Saudi Arabia to have the full stack of Cisco SDN Architecture