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A spate of M&As to end the year
Abu Dhabi Commercial Bank (ADCB) has acquired a 51.5% stake in Alexandria Medical in a AED 64 mn (EGP 275…
NI Capital acquires Bank Audi’s Arabeya Online brokerage
M&A WATCH- State owned investment bank NI Capital has signed an agreement to acquire Bank Audi’s Arabeya Online brokerage, Planning…
First Abu Dhabi Bank resumes talks to acquire Bank Audi Egypt
M&A WATCH- First Abu Dhabi Bank (FAB) has resumed talks with Bank Audi to acquire the Lebanese lender’s Egypt unit,…
Who’s got licenses for what?
CI Capital’s consumer finance arm Souhoola has been awarded a consumer finance license by the Financial Regulatory Authority, the company…
Why are Gulf banks targeting Lebanese banks’ Egypt units?
Why are Gulf banks looking to snap up the Lebanese banks leaving Egypt? Egypt’s large population, the low penetration of…
Bank Audi Egypt profits slide 7% in 2Q2020
EARNINGS WATCH- Bank Audi Egypt reported a 7% dip in net profits in 2Q2020 to EGP 650.8 mn, down from…
FAB restarts talks to acquire Bank Audi Egypt -sources
M&A WATCH- FAB revives talks to acquire Bank Audi Egypt: First Abu Dhabi Bank (FAB) is reportedly planning to re-enter…
Bank ABC enters race to acquire Blom Bank’s Egypt assets
M&A WATCH- The GCC scramble for Lebanese banks continues as Bank ABC enters race for Blom Bank’s Egypt assets: Bahrain’s…
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