New wave of consolidation in the offing around the GCC
We are entering the year 2019, with two mergers in Saudi Arabia (SABB and Alawwal; NCB and Riyad), a three-way merger in UAE (ADCB-UNB-Al Hilal) and a possibility of one merger in Oman (Bank Dhofar and NBO) and one in Kuwait (Kuwait Finance House with Bahrain’s Ahli United Bank). The…
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