Al Ramz acquires market-making business of Shuaa Capital
UAE-based Al Ramz Corporation Investment & Development said on Thursday that it acquired the market-making business of Shuaa Capital for…
Mergers & Acquisitions
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Al Hilal Bank to sell Takaful to Siraj Holding
Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank, ADCB, has agreed to sell Al Hilal Takaful, its…
UAE’s Tabreed eyes new deals amid GCC expansion push
The National Central Cooling Company, also known as Tabreed, is looking to expand its presence in the Gulf markets, particularly…
Noor Bank reshuffles board ahead of merger with DIB
UAE’s Dubai Islamic Bank is progressing with the acquisition of Noor Bank whose board of directors has been reconstituted to…
Herbert Smith Freehills Advises Uber on US $3.1BN Acquisition of Middle East Operator Careem
Herbert Smith Freehills had advised Uber on the acquisition of Careem. The deal completed on 2 January 2020 with…
NBB offer to acquire Bahrain Islamic Bank receives required minimum threshold of BISB shareholders acceptances
An official announcement has been made that the National bank of Bahrain offer to acquire Bahrain Islamic Bank is now…
Turkey Wealth Fund Buys 10% Stake in Borsa Istanbul from EBRD
Turkey’s sovereign wealth fund has acquired a 10% stake in the nation’s bourse from the European Bank for Reconstruction and…
Mirabaud Asset Management wins large real estate advisory mandate
Mirabaud Asset Management has won a large real estate advisory mandate from a leading financial institution in the Middle East.…
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…
Biggest Saudi bank pulls plug on $271b merger plan with rival
Saudi Arabia's biggest lender scrapped plans to create a US$200 billion (S$271 billion) bank, with differences over valuation potentially contributing…
Saudi Arabia's largest lender abandons potential merger
National Commercial Bank, the biggest lender in Saudi Arabia by assets, ended talks for a merger with its smaller rival…
SICO named issue execution advisor, receiving agent, and allotment agent in national bank of Bahrain acquisition of Bahrain Islamic Bank
SICO BSC had announced that it has been recently appointed as issue execution advisor, receiving agent, and allotment agent in…