No acquisition by US-based bank: Emirates NBD Bank clarifies
Emirates NBD Bank has said that 101,731,408 shares were purchased by 254 unique investors on 28th May 2020, following a…
Mergers & Acquisitions
1364 articles found
Dubai Meraas merger ‘will advance growth’
One of the UAE’s best-known master developers, Meraas, is to be folded into the government-owned conglomerate Dubai Holding, the emirate’s…
Abu Dhabi's Al Hilal Bank sells its Islamic insurance subsidiary
Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB), has completed the sale of Al Hilal Takaful,…
Bank of America takes stake in Dubai's Emirates NBD
Global lending giant Bank of America Corp. has bought a stake in Dubai’s largest bank Emirates NBD for approximately AED900…
Dar Al Takaful to acquire Noor Takaful for AED215 million
Dar Al Takaful has announced that it has entered into a legally binding share purchase agreement with Noor Investment Group…
Dar Al Takaful to buy Noor Takaful for Dh215m
Islamic insurance company Dar Al Takaful is buying competitor Noor Takaful for Dh215 million in cash, as it looks to…
First Abu Dhabi Bank sells $500 mln in Formosa bonds
First Abu Dhabi Bank, the United Arab Emirates’ largest lender, last month sold $500 million in privately placed 30-year Formosa…
First Abu Dhabi Bank ends acquisition talks with Lebanon’s Bank Audi-Egypt
First Abu Dhabi Bank on Monday (May 18) said it has mutually agreed with Bank Audi to stop the transaction…
First Abu Dhabi Bank puts talks to acquire Bank Audi's Egyptian business on hold -sources
First Abu Dhabi Bank has put on hold discussions to acquire the Egyptian assets of Lebanon's Bank Audi AUDI.BY due…
Saudi Arabia Acquires Shares Worth $7.7 Billion in World’s Major Companies
Saudi Arabia’s sovereign wealth fund has gone bargain hunting during the current economic turmoil, snapping up about $7.7 billion worth…
First Abu Dhabi Bank puts talks to acquire Bank Audi's Egyptian business on hold: sources
First Abu Dhabi Bank (FAB.AD) (FAB) has put on hold discussions to acquire the Egyptian assets of Lebanon’s Bank Audi…
Pandemic may force GCC banks to cut dividends, drive future M&A
Banks in the Arabian Gulf could be forced to scrap 2020 dividends as profits plunge in 2020 due to coronavirus,…