Egypt Looks South
In April, Commercial Bank of Egypt (CIB) became the first Egyptian bank to establish a presence in Kenya, through the…
Mergers & Acquisitions
1364 articles found
Between acquisition and expansion Journey of Gulf banks in Egypt
Many Gulf banks are adopting an expansionary policy in Egypt due to the durability of the banking sector and the…
First Abu Dhabi Bank denies merger talks with Abu Dhabi Islamic Bank
First Abu Dhabi Bank said on Wednesday it was not in merger talks with Abu Dhabi Islamic Bank. The…
Year's biggest bank merger sealed as Saudi rivals reach US$15b deal
NATIONAL Commercial Bank, Saudi Arabia's largest lender by assets, agreed to buy rival Samba Financial Group for US$15 billion in…
Saudi’s National Commercial Bank buys Samba in $14.8B deal
Saudi Arabia’s National Commercial Bank said Sunday it will purchase rival lender Samba Financial Group in a deal valued at…
Saudi Arabia's NCB and Samba agree to $15bn merger that will create kingdom's largest lender
Saudi Arabia’s National Commercial Bank, the kingdom's biggest lender, agreed to merge with Samba Financial Group, in a $15 billion…
NCB-Samba to merge into Saudi banking heavyweight
Saudi Arabia's biggest lender National Commercial Bank 1180.SE (NCB) has entered a binding merger agreement with smaller lender Samba Financial…
PwC acquires SAP enterprise consulting business of Tyconz
PwC has acquired the Enterprise Business of Tyconz, one of the Middle East’s leading SAP implementation and technology partners. The…
GCC banks to see a wave of mergers amid pandemic-driven economic slowdown, Moody's says
Banks in the Gulf region will increase merger and acquisition activity as they look to gain scale to offset the…
SANAD, Banque du Caire strengthen partnership to support MSMEs in Egypt
The SANAD Fund for MSME (SANAD) announced on Thursday that it has provided a new loan of $15m to Banque…
Bahrain – We overcame the circumstances by effectively implementing our strategy…
“GFH Financial is preparing to acquire two schools in Saudi Arabia … and there is no intention to invest in…
UAE banks target Lebanese peers' units in growing Egyptian market for M&A
Lebanon's ailing banks must sell their prized Egyptian subsidiaries, with Gulf lenders the most likely buyers as they seek to…