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New M&A Wave Seen for Gulf Banks Trying to Outrun Virus Slowdown
The coronavirus-induced economic slowdown is prompting a new wave of consolidation talk among banks in the Persian Gulf. In less than a week, two potential tie-ups have been announced, adding momentum to an already unprecedented merger and acquisition spree. Saudi Arabia’s biggest lender National Commercial Bank kicked off the most…
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Click here to read the full story: Bloomberg Quint