Abu Dhabi bank inks deal to acquire mortgages worth $300m
Abu Dhabi Commercial Bank has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance.…
Mergers & Acquisitions
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GFH acquires mission-critical Chicago distribution center
GFH Financial Group has announced the acquisition of a mission-critical distribution facility in Chicago, Illinois, which has been leased since…
Saudi's Samba-NCB new entity to finance development projects: Chairman
The Saudi National Commercial Bank (NCB) deal to acquire Samba Financial Group is considered the Kingdom’s biggest takeover for the…
Bahrain’s GFH acquires major Chicago distribution centre
GFH, the Bahrain-based financial group, says it has acquired a “state-of-the-art” distribution facility in the US city of Chicago, Illinois.…
Qatar witnesses uptick in Merger & Acquisition activity in 2020
PwC Middle East’s third TransAct report entitled ‘A Renewed Search for Value as Confidence Begins to Recover’, which was launched…
Finablr owners set for merger with Bahrain payments firm
`Prism Group and Abu Dhabi’s Royal Strategic Partners formed a consortium in December 2020 and agreed to buy the assets…
Middle East's M&A market bucks global trend to grow by 6%
Despite a 9% contraction in global merger & acquisition (M&A) activity last year, the Middle East remained resilient to clock…
M&A activity in insurance sector set to soar in 2021
Mergers and acquisitions activity will surge in the insurance sector in first half of 2021, given the volume of deals…
Private jet operator looking to swoop into Middle East market
Private jet company Wheels Up has identified the Middle East region as a key area of growth. The US-based…
Bahrain's GFH Financial set to acquire more properties in UK, Europe this year
Bahrain’s Islamic investment bank GFH Financial Group is looking to acquire more properties in the United Kingdom and other countries…
FAB acquires Egypt FRA custody license
First Abu Dhabi Bank has obtained a custody license in Egypt from the Financial Regulatory Authority, Egypt’s Capital Market regulator. …
Banque Misr to acquire capital shares of CI Capital
The Financial Regulatory Authority (FRA) announced that Banque Misr plans to acquire the capital shares of CI Capital Holding for…