Egypt lender buys Mayfair Bank stake for Sh3.7bn
Egypt’s largest private lender, Commercial International Bank (CIB), will inject Sh3.7 billion ($35 million) into Mayfair Bank following its acquisition…
Mergers & Acquisitions
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KFH says no new updates regarding Bahrain’s Ahli United acquisition
Kuwait Finance House (KFH) said that there were no new developments regarding its acquisition of Bahrain’s Ahli United Bank after…
Oman Arab Bank gets regulatory nod for Alizz bank merger
Oman Arab Bank is set to proceed with its merger with Alizz Islamic Bank after securing regulatory approval for the…
Bahrain’s Kuwait Finance House joins ‘Skiplino’ app
Kuwait Finance House–Bahrain has announced joining the ‘Skiplino’ application. The app allows the bank’s customers to remotely make appointments via…
Dubai's Delta Partners on the verge of joining FTI Consulting
Global advisory FTI Consulting is reportedly weighing a decision on acquiring Dubai-based TMT consultancy Delta Partners, which has an international…
S&P predicts a ‘wave of mergers & acquisitions’ in banking industry
Once the dust generated by the COVID-19 pandemic settles, the GCC banking industry could witness a wave of mergers and…
Tabreed buys 80% of Emaar’s Dubai cooling business
Dubai-listed National Central Cooling co (Tabreed) has bought an 80 percent stake in Emaar Properties’ Downtown Dubai district cooling business…
UAE's SHUAA forecasts $13.6mln annual synergies from ADFG merger by Q2 2021
UAE-based financial services group, SHUAA Capital, expects to realize 50 million dirhams ($13.6 million) in annual synergies by Q2 2021…
Tandem Bank 'Rraises £60M'
Tandem Bank has reportedly secured £60m funding. The London-based challenger has also acquired a lender which helps consumers buy…
Saudi's Petrochem signs $800mln financing deal with Samba, Riyad Bank
Saudi Polymer Company has signed a 3 billion Saudi riyals ($799.3 million) credit facility with Samba Financial Group and Riyad…
Dubai Islamic Bank shareholders approve Noor Bank acquisition
Dubai Islamic Bank, the United Arab Emirates’ largest sharia-compliant bank, said on Wednesday it had received shareholder approval for the…
Bahrain’s Investcorp acquires two US properties for $164m
Bahrain investment firm Investcorp has acquired two residential properties in South Florida for $164m. The most recent acquisition has…