Sabb completes merger with Alawwal Bank creating third-largest Saudi lender
Saudi Arabia’s Alawwal Bank formally merged on Sunday with Saudi British Bank (Sabb) to create the third-biggest lender by assets…
Mergers & Acquisitions
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Second merger wave may hit UAE lenders as industry shrinks
Banks in the UAE may go through a second wave of consolidation as lenders seek to improve profitability and tackle…
Second Merger Wave May Hit U.A.E. Lenders as Industry Shrinks
Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability…
A £1m Dubai dream home buys backdoor EU entry
Investors who buy property in Dubai are being offered a backdoor into Europe, in a scheme that critics say poses…
Shuaa Capital nears merger with Abu Dhabi's ADFG
Shuaa Capital is close to finalising a merger with its largest shareholder Abu Dhabi Financial Group, as the Dubai-listed investment…
Salama Insurance hits upper limit on merger rumour
Salama Insurance surged to its upper circuit and Dar Al Takaful jumped 10 per cent, fanning speculation of a merger…
DIB gets regulatory nod to acquire Noor Bank
Dubai Islamic Bank said on Monday it has received regulatory nods to acquire 100 per cent in Noor Bank, through…
LGIM sells real estate asset to UAE firm
London-headquartered Legal & General Investment Management (LGIM) has sold off one of its UK property income fund’s assets for £140…
Birmingham office block sold for £140m to Middle East investors
One of Birmingham's most prominent city centre office blocks has been sold to Middle East investors for £140 million. …
Investcorp announces investment in Mercury Capital Advisors
Investcorp, the Bahrain-headquartered global provider and manager of alternative investment products, today announced it has entered into a definitive agreement…
Merger wave across GCC banking sectors coming to an end
The much-hyped cycle of bank mergers across the GCC region during the last two years is coming to a close,…
GCC bank merger wave is ebbing
A wave of bank recent mergers that has swept across the GCC resulting in the creation of new banking mammoths…