09/29/2020
Credit Agricole to Build Its Own Saudi Bank After Stake Sale
The stock of Riyadh-based Saudi Fransi rose as much as 1.9% to 32.80 riyals, adding to gains of 0.6% on Sunday, when details of the transaction were first reported.
Investment Bank
09/28/2020
Italian group Intesa Sanpaolo increases stake in Bank of Alexandria to 80%
The Bank of Alexandria had previously announced that for the first half of 2020, its assets exceeded 103.8 billion Egyptian pounds ($6.58 billion) and achieved a net profit of EGP 1.36 billion pounds,.
09/24/2020
Emirates NBD Capital named Sukuk Lead Manager of the Year 2020 by GIFA
Emirates NBD Capital currently holds a leading league table position in international Sukuk and MENA bonds with over 150 transactions successfully completed since 2015 across GCC, Turkey, India, China and Indonesia.
09/18/2020
Egypt-Based EFG-Hermes Sells Controlling Stake In British Solar Project For $647M
Keen to develop another renewable energy portfolio, EFG-Hermes is now looking beyond Asia for investments.
09/15/2020
Japan's Nomura cuts investment banking jobs in Dubai
Tokyo-based brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other offices
09/08/2020
National Bank of Oman Brings in Global Expert for Online Event on European Equity Markets
National Bank of Oman (NBO) recently held a virtual event in collaboration with Franco-German financial group, Oddo BHF
09/03/2020
Saxo Bank MENA region client base grows by more than 150% contributing to a sizeable increase in Group net profits
More than 80,000 new active clients joined the group across all global markets in the first half of 2020
08/27/2020
Strong capital base gives SABB buffer against pandemic shock
SABB is focused on three core priorities: Supporting its customers, integrating the two banks and positioning the bank for future growth.
08/27/2020
Mashreq Bank outlines investment trends to navigate the global economy in uncertain times
Low interest rates will result in investors hunting for higher yields
08/25/2020
GFH takes majority stake in GB Corp
As of December 2019, GB Corp reported total assets of $125 million and assets under management of approximately $500 million.
08/24/2020
GFH increases GB Corp shareholding to majority stake of 50.4%
Transaction reflects continued ability to capture strategic opportunities for growth and revenue generation
08/19/2020
Egyptian bank Beltone diversifies in hunt for profitability
Beltone, controlled by Egyptian billionaire Naguib Sawiris, had already obtained licences for the new companies this month, hired staff, set up offices and even agreed on some deals.
08/13/2020
Shuaa Capital returns back into black
Shuaa's investment banking business continued to increase its focus on capital raising and restructuring mandates
08/06/2020
Afreximbank wins 2 EMEA Best Structured Finance awards
Afreximbank’s $100 million global guarantee facility in favour of Orascom Construction was also awarded best structured trade finance deal in Africa.
08/04/2020
Saudi banks’ investments in gov’t bonds down 4.6% in H1-20
Total bank investments in Saudi bonds hiked by 21.7% YoY
08/04/2020
JPMorgan revamps shareholder activism defense practice -sources
Hunker, who had worked at JPMorgan for 16 years, will join Ernst & Young and lead the professional services firm's push in advising boards on shareholder enragement, three people familiar with the matter said.
07/31/2020
EFG Hermes concludes advisory role in $50m sale of Fawry shares
EFG Hermes was ranked first on the ECM ranking league tables for the Middle East & North Africa (MENA) region for the first half (H1) of 2020.
07/31/2020
HSBC rolls out trading platform for UAE investors
The number of high net worth individuals (HNWIs), those with investable assets in excess of $1 million, has declined slightly in the first half of 2020 but the UAE still had more than 340,000 HNWIs as of June this year.
07/23/2020
BpiFrance seeks more Gulf investors for its LAC I fund
French national bank ready to deploy first tranche of capital
07/22/2020
BNY Mellon gets green light on new Saudi Arabia office
The new office opening is in addition to the bank’s Dubai International Financial Centre branch office and a representative office in the Abu Dhabi Global Market. It also has representative offices in Lebanon and Egypt.