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

Saudi banks' profits rise 8.2% in Q2 2026 to SAR 24.9 billion

Among the remaining banks, Bank Albilad recorded profits of SAR 791.6 million

Lesha Bank records net profit of QAR 123.7mln for H1 2026, reflecting 50.1% year-on-year growth

The Bank delivered strong growth across its key financial metrics during the period

Deutsche Bank signs agreement with Dubai DET to boost international investor engagement

The two parties hope to create pathways for global investors

Oman opens Angola-based investment bank to deepen Africa trade links

Oman has launched a new corporate investment bank in Angola as part of efforts to deepen its financial presence in Africa and strengthen trade links with emerging markets.

HSBC says it’s committed to commercial, investment banking in Egypt amid reports it’s inching closer to exiting retail franchise

HSBC is very committed to Egypt as a strategic market in which we are squarely focused on the needs of our corporate and investment banking clients,” HSBC Egypt CEO Todd Wilcox told EnterpriseAM

Citi signs deal to sell 24% equity stake in Banamex

Among the investors were U.S. private equity firm General Atlantic, Afore Sura, Brazilian investment bank BTG Pactual, Chubb and funds managed by Blackstone, Liberty Strategic Capital, and Qatar Investment Authority

UmniaBank reports strong performance for 2025 with net profit of MAD57m

Umnia Bank began operations in Morocco in 2017 as the country’s first participative bank.

Intesa Sanpaolo Strengthens Its Focus on the Middle East: Imi Cib Solidifies Its Role as a Strategic Partner in the Gulf Region

These activities are further complemented by advisory and interest rate hedging operations.

Goldman Sachs opens Middle East headquarters in Saudi Arabia

According to LSEG data, the investment bank drove dealmaking activity in the region over the first three quarters of 2025, topping the M&A league table in MENA with 24 deals valued at $104 billion

Cantor establishes Abu Dhabi office

Ali Khalpey, Head of Middle East, Investment Banking & Capital Markets at Cantor joined earlier this year

EFG Hermes reaches successful completion of advisory for Cherry Trading Company’s IPO on the Saudi Exchange

The deal underscores grand market ambitions in equities and marks a meaningful addition to the Kingdom’s growing ECM pipeline

JPMorgan expands in Dubai to target medium-sized firms

Global financial institutions are increasingly establishing operations in the Middle East to access oil wealth.

MENA DCM breaks all records: Nine-month bond issuance hits $125.9bln, sukuk at $48.2bln

HSBC secured the top spot in the MENA bond bookrunner ranking by LSEG’s Investment Banking Review, with $13.2 billion in related proceeds

Goldman Sachs Opens Office in Kuwait

Office Opening Deepens Partnership with Kuwait and Expands Capabilities in the Middle East

EFG Hermes concludes advisory on Premium International for Credit Services 10th Securitization Issuance Worth EGP224mln

This marks the tenth issuance since Premium’s inception and the fourth under the seventh securitization program

EFG Hermes KSA Completes Advisory on the IPO of Jamjoom Fashion the Company behind the Nayomi and Mihyar brands on Nomu

The offering attracted strong participation from a diverse base of high-quality local and international Qualified Investors

EFG Hermes successfully concludes advisory as listing and financial advisor to Orascom Construction on its listing on ADX

The trading of Orascom Construction’s shares commenced today on ADX under the ticker “ORAS”

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