Methaq Takaful declines taking measures to acquire Eshraq Investments
Methaq Takaful Insurance Company reiterated that its board has not issued any approval on the acquisition of Eshraq Investments and…
Mergers & Acquisitions
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Bahrain’s ABC says in preliminary talks to buy Blom Bank’s Egypt business
Bahrain’s Bank ABC said on Tuesday it was in preliminary talks to buy Blom Bank’s Egyptian subsidiary, pitting it against…
FAB may restart talks on Bank Audi's Egypt unit
First Abu Dhabi Bank (FAB), the UAE's largest lender by assets, may restart talks to acquire the Egyptian business of…
Natwest Markets, Banco Santander sell Saudi British Bank shares -term sheet
Natwest Markets and Banco Santander are selling around 25 million shares in Saudi British Bank (SABB), or about 1.25% of…
Gulf investor with $540m in cash says M&A spree not over
International Holdings Company, which has quickly become the United Arab Emirates’ fourth-most-valuable listed company, isn’t done yet with a rapid-fire…
Bupa Investments raises stake in Saudi's Bupa Arabia for $134mln
Bupa Investments Overseas Limited (BOIL) has completed the acquisition of four percent of Nazer Group’s stake in Bupa Arabia, raising…
Bahrain's BBK exploring acquisition of Ithmaar Bank
Bahrain's Ithmaar Holding said on Wednesday it is in talks with Bank of Bahrain and Kuwait about the potential sale…
Bank of Bahrain and Kuwait in talks to acquire retail Islamic bank Ithmaar
Bank of Bahrain and Kuwait is in preliminary talks to explore a potential acquisition of retail Islamic bank Ithmaar. …
Bahrain's GFH Financial picks up majority in Global Banking Corp.
GFH Financial Group has acquired an additional 21.8 per cent stake in Global Banking Corporation (GB Corp), which gives it…
GFH takes majority stake in GB Corp
GFH Financial Group (GFH) has announced that it has acquired an additional 21.8% stake in Global Banking Corporation (GB Corp)…
Qatar First Bank completes $41mn acquisition of a Texas property
Qatar First Bank (QFB) has completed a $41mn acquisition of Varsity Brands, a three story, 135,0000 square foot building in…
GFH increases GB Corp shareholding to majority stake of 50.4%
GFH Financial Group B.S.C has announced that it has acquired an additional 21.8% stake in Global Banking Corporation B.S.C. giving…