NCB-Samba merger to create national champion in banking
The trend toward consolidation in Saudi Arabia’s banking system appears irresistible, whatever the post-pandemic future brings. That is a good…
Mergers & Acquisitions
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Middle East sees M&A activity boom despite Covid-19 crisis
The merger and acquisitions activity in the Middle East region is reviving as governments take measures to diversify their economies…
NCB-Samba merger will give it 'control' of Saudi corporate market
The combination of National Commercial Bank and rival Samba Financial Group would create the third-largest lender in the Gulf -…
Merger was a smooth affair: Barwa Bank Chairman
Barwa Bank held yesterday its Ordinary General Assembly and approved all the agenda of the meeting, including the Board's recommendation…
Saudi lenders NCB and Samba are in early merger talks – sources
National Commercial Bank, Saudi Arabia's biggest lender, said on Thursday it had signed an initial agreement with smaller lender Samba…
Saudi Bank NCB Plans $15.6 Billion Takeover of Rival Samba
National Commercial Bank, Saudi Arabia’s largest lender by assets, proposed to pay as much as $15.6 billion to acquire rival…
Egypt- EFG Hermes, TSFE starts due diligence on aiBank to buy majority stake
EFG Hermes and The Sovereign Fund of Egypt have received the Central Bank of Egypt approval to conduct due diligence…
Saudi Arabia's crown prince is trying to buy Newcastle United for $381 million. Here are all the major soccer teams owned by royalty.
Manchester City — bought in 2008 by Emirati Sheikh Mansour bin Zayed al-Nahyan. Sheikh Mansour is the prime minister…
OAB merger with Alizz on track
Consolidation in the Omani banking sector is a crucial need of the hour so that the sector could grow and…
First Abu Dhabi Bank sells 1.4 bln Chinese yuan in 5-yr Formosa bonds – document
First Abu Dhabi Bank sold 1.4 billion Chinese yuan ($197.3 million) in five-year Formosa bonds at 3.5%, a document showed…
UAE firms merge to create $1bn global expat advisory business
UAE-headquartered Arlo Wealth has merged with international advisory business Harrison Rowe. The combined company, AHR Private Wealth, will have…
Oman Arab Bank finalises agreement to acquire Alizz Bank
Oman Arab Bank will acquire the entire issued share capital of the Muscat-based Alizz Bank in a deal that will…