Tag: merger
Oman’s Ahli Bank rejects merger offer from Bank Dhofar
The bank’s board of directors studied the non-binding proposal from Bank Dhofar and decided not to accept it
Bank ABC’s Egyptian unit completes merger with BLOM Bank
Arab Banking Corporation (Bank ABC) on Thursday said that it has completed the merger of its Egyptian business with BLOM Bank Egypt, a deal...
UAE’s ADIB increases stake in Egyptian unit to nearly 53%
UAE’s Abu Dhabi Islamic Bank (ADIB) said Monday that it had acquired an additional 2.4% stake in its Egyptian unit, ADIB Egypt, in a...
HSBC Oman agrees to Sohar International Bank merger
HSBC Bank Oman and local rival Sohar International Bank said Wednesday that they have agreed on terms of a merger that will create one...
Allianz to reportedly hold 40% stake in $2 billion joint venture with Sanlam
Allianz, Germany’s multinational financial services provider, will reportedly hold a 40% stake in its $2 billion joint venture with South Africa’s Sanlam Group.
Allianz and...