01/03/2019

Saudis Seek Advisers for Major Bank Merger

The proposed combination has the backing of the Public Investment Fund, the sovereign wealth fund that owns about 44 percent of National Commercial Bank and 22 percent of Riyad Bank, the people said.

01/03/2019

MCB Bank partners with Bank Al Jazira

Speaking about the agreement, Sami Hamad Al Rajhi said, “Fawri is one of the fastest growing money transfer services in Saudi Arabia, with Pakistan being one of our largest remittance recipient corridors.

12/25/2018

Doha Bank closes QR525mn syndicated term loan facility

The syndicated transaction was significantly oversubscribed and Doha Bank was able to upsize the facility from the initial target size of $400mn due to the excellent support from its relationship banks, Dr R Seetharaman, chief executive of Doha Bank, said

12/24/2018

Barwa Bank EGM approves proposed merger with IBQ

In addition, it was approved to increase the bank’s authorised and paid-up capital from QR4,000,000,000 and QR3,000,000,000 respectively to QR5,234,100,000, taking into consideration the terms and conditions of the merger.