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

Boursa Kuwait approves distribution of over KD 16mln in cash dividends for 2024 at its Annual General Assembly

Approval of the Board of Directors’ recommendation to distribute dividends of 82 fils per share

ADCB credit rating upgraded to ‘A+’ by S&P driven by a strong financial position and high asset quality

Upgrade citing “sound earnings generation” places ADCB among three highest rated banks by S&P in the MENA region

Boursa Kuwait confirms Mr. Bader Nasser Al-Kharafi as its Chairman

Mr. Bader Abdullah Al-Kandari was named Vice Chairman for the same period

Doha Bank achieves four prestigious ISO certifications

This certification recognizes Doha Bank’s robust information security management system

Saudi banks shift focus to debt markets during sukuk surge

Saudi Arabia raised SR2.64 billion ($704 million) through sukuk issuances in March, following the SR3.07 billion secured in February and SR3.72 billion in January.

Qatar: Commercial Bank holds AGM and EGM

These include the recommendation of the Board of Directors to distribute a cash dividend of QR0.30 per share, equivalent to 30% of the nominal share value

Gulf Bank approves the distribution of 10% cash dividends and 5% bonus shares for 2024

The Ordinary General Assembly was held with a quorum of 77. 3%

Al Ahli Bank of Kuwait-Egypt signs a long-term partnership with Visa to expand digital payment solutions

This partnership involves the launch of a range of new products and services that meet the diverse needs of various customer segments

Emirates NBD recognized as the “Best Foreign Bank in KSA”

Spotlighting Emirates NBD’s commitment to empowering the people and communities it serves

First Abu Dhabi Bank: Comprehensive company overview

The bank offers safe transaction processing and convenient services through online and mobile banking systems

Loans extended by Bahrain banks increase 4.6% in 2024

The Business Sector accounted for 42.3% and the Personal Sector 48.3% of the total loans and credit facilities

Qatar’s Ahli Bank prepares to launch 5-year $500mln debt

The issuance will be under its $2 billion EMTN programme

Bank of Jordan announces 2024 financial results

Continues Regional Expansion, and Recommends 18% Cash Dividend Distribution to Shareholders

Bank ABC approves $85mln dividends for FY 2024

This dividend per share stands at $2.75 cents, marking a 22% increase compared to the previous year

Emirates NBD to Acquire Stake in Egypt’s Banque du Caire: Reports

An official statement has yet to be issued regarding the news, which has sparked controversy.

Sohar International partners with Arabian Falcon Insurance Company to introduce exclusive Insurance protection plans

This strategic collaboration reflects Sohar International’s commitment to going beyond traditional banking by integrating value-driven financial protection solutions

Savills boosts global cross border retail expertise

Thea Rowe joins the team in Dubai to capitalise on growing demand in the Middle East

Mbank partners with Abu Dhabi University to launch collaborative academic and professional development programs

To offer a range of academic, training, and professional development initiatives for undergraduate and graduate students

Doha Bank ties up with Ooredoo Money to promote fintech landscape in Qatar

The two organisations are committed to driving financial innovation and contributing to the overall economic development of Qatar

Saudi Awwal Banks wins the Sustainability Program Award

The winners were selected by independent committees composed of a distinguished group of sector experts, carefully chosen by the CFA Society Saudi Arabia and the Middle East Investor Relations Association.

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