{"id":547824,"date":"2022-07-07T03:57:09","date_gmt":"2022-07-07T03:57:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/"},"modified":"2022-07-07T03:57:09","modified_gmt":"2022-07-07T03:57:09","slug":"one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/","title":{"rendered":"One of the year\u2019s biggest banking takeovers just took place in the Middle East"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>Kuwaiti bank makes one of the year\u2019s biggest banking acquisitions: <\/strong><a href=\"https:\/\/www.kfh.com\/en\/home\/Personal.html\">Kuwait Finance House<\/a> is acquiring Bahrain\u2019s <a href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwiZvqGHt-T4AhUTkGgJHXu1CysYABAAGgJ3Zg&ae=2&sig=AOD64_3O8X359WdxpA0GXFzIhy8AprIKJw&q&adurl&ved=2ahUKEwiz9peHt-T4AhV8if0HHWk4DN0Q0Qx6BAgCEAE\">Ahli United Bank<\/a> (AUB) for almost USD 11.6 bn in an agreement announced by the two banks in disclosures (<a href=\"https:\/\/ent.news\/2022\/7\/AUB-BB-Dislcosure-6-July-2022_.pdf_62140.pdf\">here, pdf<\/a>) and (<a href=\"https:\/\/ent.news\/2022\/7\/1-KFH-Disclosure-23-06-2022.pdf\">here, pdf<\/a>) yesterday. Kuwait Finance House will offer AUB one share for every 2.695 shares of Ahli United, implying an offer price of USD 1.04 per share \u2014 a 13% premium on its share price at Wednesday\u2019s close, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-06\/kuwait-lender-kfh-to-buy-bahrain-s-ahli-united-for-11-6-billion?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg\u2019s<\/a> calculations. The acquisition, which has been on the table for years but was pushed to the backburner at the start of the pandemic, ranks among the biggest in the banking sector this year. The combined entity will hold some USD 115 bn in assets, making it one of the Gulf\u2019s largest lenders.<\/p>\n<p><strong>ALSO IN PLANET FINANCE-<\/strong><\/p>\n<ul>\n<li><strong>Another crypto player bites the dust:<\/strong> US crypto lender Voyager has filed for bankruptcy protection, becoming the latest victim to a deepening crypto winter. (<a href=\"https:\/\/www.investvoyager.com\/pressreleases\/voyager-digital-commences-financial-restructuring-process-to-maximize-value-for-all-stakeholders\">Statement<\/a>)<\/li>\n<li><strong>Tyson buys two Tanmiah subsidiaries: <\/strong>US meat producer Tyson Foods will acquire stakes in two of Saudi-based Tanmiah Food subsidiaries for USD 70 mn. (<a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/tadawul\/home\/announcement-details\/!ut\/p\/z1\/pZJNT4NAEIZ_Sw-cZ1igUG8rICCUZEupZS9mW-lHwlcq1dBf7xZNTJMWNc5tkueZybwZ4LAEXom3_Va0-7oShewzPn6O_cj20SKh5841pGNnas_igCAiPPUAIbalTnSMMDJVCXgYsKmuIdOA_8n3gthEyqi_eFhI1CL_81H_nY83iuJPfiZ98xvANJ1IQLMZcwyCngEJcOCvuTisd-yYHzrICLFUuZdfjkafONJ0w9CxpXlvfAFD0V4CV7IbBM7h9MDA9Y_At0W9-vyEXds2dwoq2IoX8X4sFJnOui4bUXVJV65qCfW3JXkFTZmm6fI03zTuzD9FG0pHow8Mi-xL\/dz\/d5\/L0lDU0lKQ2dwUkNpQ2xFQSEvb01vUUFBSVF4QkFJRW95akNVNXdYQlNnakhBIS80SkNpanNZcE1oVGpVRTF1MGxzcHFhUSEvWjdfTkhMQ0gwODJLMFRORjBBUVZPQ0JNRUtVMjIvWjZfTkhMQ0gwODJLMFRORjBBUVZPQ0JNRUtVSzYvQU5OT1VOQ0VNRU5UX05VTUJFUi82OTIwMS9odHRwOiUwJTB0YWRhd3VsJTAvYW5uQ2F0LzE!\/\">Bourse filing<\/a>)<\/li>\n<li><strong>Microsoft\u2019s Activision takeover under the microscope:<\/strong> The UK\u2019s antitrust regulator has launched an investigation into Microsoft\u2019s planned USD 68.7 bn acquisition of video games publisher Activision. (<a href=\"https:\/\/www.gov.uk\/cma-cases\/microsoft-slash-activision-blizzard-merger-inquiry\">Statement<\/a>)<\/li>\n<\/ul>\n<div class='stock-ticker-panel'>\n<table class='table stock-ticker-table table-striped markets-table'>\n<tbody>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>8,670<\/p>\n<\/td>\n<td>\n<p>+0.2% (YTD: -27.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 18.83<\/p>\n<\/td>\n<td>\n<p>Sell 18.91<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 18.85<\/p>\n<\/td>\n<td>\n<p>Sell 18.91<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-none'>\n<td class='td-list-none'>\n<p><svg class='e-icon e-TypeMarkets'><use xlink:href='#e-TypeMarkets'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>11.25% deposit<\/p>\n<\/td>\n<td>\n<p>12.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>11,417<\/p>\n<\/td>\n<td>\n<p>+0.6% (YTD: +1.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>9,251<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +9.0%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>3,062<\/p>\n<\/td>\n<td>\n<p>-1.9% (YTD: -4.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,845<\/p>\n<\/td>\n<td>\n<p>+0.4% (YTD: -19.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>7,108<\/p>\n<\/td>\n<td>\n<p>+1.2% (YTD: -3.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Euro Stoxx 50<\/strong><\/p>\n<\/td>\n<td>\n<p>3,422<\/p>\n<\/td>\n<td>\n<p>+1.9% (YTD: -20.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 99.90<\/p>\n<\/td>\n<td>\n<p>-2.8%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 5.51<\/p>\n<\/td>\n<td>\n<p>-0.2%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-down'>\n<td class='td-list-down'>\n<p><svg class='e-icon e-TypeMarkets1'><use xlink:href='#e-TypeMarkets1'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,736.50<\/p>\n<\/td>\n<td>\n<p>-1.6%<\/p>\n<\/td>\n<\/tr>\n<tr class='tr-row-up'>\n<td class='td-list-up'>\n<p><svg class='e-icon e-TypeMarkets11'><use xlink:href='#e-TypeMarkets11'><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 20,341<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: -55.9%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><strong>THE CLOSING BELL-<\/strong><\/p>\n<p><strong>The EGX30 rose 0.2% at yesterday\u2019s close<\/strong> on turnover of EGP 486.02 mn (41.5% below the 90-day average). Foreign investors were net sellers. The index is down 27.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>GB Auto (+10%), Elsewedy Electric (+6.4%) and EFG Hermes (+4%).<\/p>\n<p><strong>In the red: <\/strong>Cleopatra Hospitals (-4.6%), Housing and Development Bank (-4.5%) and Credit Agricole Egypt (-4.1%).<\/p>\n<p><strong>Asian markets are mostly in the green this morning<\/strong> as investors react to minutes from the Federal Reserve\u2019s June meeting which showed that policymakers are willing to act more decisively to combat inflation. US and European stock futures suggest shares will also see early gains when markets open later today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kuwaiti bank makes one of the year\u2019s biggest banking acquisitions: Kuwait Finance House is acquiring Bahrain\u2019s Ahli United Bank (AUB) for almost USD 11.6 bn in an agreement announced by the two banks in disclosures (here, pdf) and (here, pdf) yesterday. Kuwait Finance House will offer AUB one share for every 2.695 shares of Ahli [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[1628,204,344,72,119,2137,7128,462,122],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547824","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-ahli-united-bank","tag-banking","tag-cryptocurrency","tag-enterpriseam","tag-financial-markets","tag-kuwait-finance-house","tag-ma-watch","tag-microsoft","tag-planet-finance","wpautop","entry"],"acf":{"mongo_id":"ff5afe51-be3d-4d39-8f4a-f6e00eb275de","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547808],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>One of the year\u2019s biggest banking takeovers just took place in the Middle East - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One of the year\u2019s biggest banking takeovers just took place in the Middle East\" \/>\n<meta property=\"og:description\" content=\"Kuwaiti bank makes one of the year\u2019s biggest banking acquisitions: Kuwait Finance House is acquiring Bahrain\u2019s Ahli United Bank (AUB) for almost USD 11.6 bn in an agreement announced by the two banks in disclosures (here, pdf) and (here, pdf) yesterday. Kuwait Finance House will offer AUB one share for every 2.695 shares of Ahli [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-07T03:57:09+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"One of the year\u2019s biggest banking takeovers just took place in the Middle East\",\"datePublished\":\"2022-07-07T03:57:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/\"},\"wordCount\":387,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Ahli United Bank\",\"banking\",\"cryptocurrency\",\"EnterpriseAM\",\"Financial Markets\",\"Kuwait Finance House\",\"M&amp;A Watch\",\"microsoft\",\"Planet Finance\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/\",\"name\":\"One of the year\u2019s biggest banking takeovers just took place in the Middle East - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-07-07T03:57:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"One of the year\u2019s biggest banking takeovers just took place in the Middle East\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"One of the year\u2019s biggest banking takeovers just took place in the Middle East - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/","og_locale":"en_US","og_type":"article","og_title":"One of the year\u2019s biggest banking takeovers just took place in the Middle East","og_description":"Kuwaiti bank makes one of the year\u2019s biggest banking acquisitions: Kuwait Finance House is acquiring Bahrain\u2019s Ahli United Bank (AUB) for almost USD 11.6 bn in an agreement announced by the two banks in disclosures (here, pdf) and (here, pdf) yesterday. Kuwait Finance House will offer AUB one share for every 2.695 shares of Ahli [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-07-07T03:57:09+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"One of the year\u2019s biggest banking takeovers just took place in the Middle East","datePublished":"2022-07-07T03:57:09+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/"},"wordCount":387,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Ahli United Bank","banking","cryptocurrency","EnterpriseAM","Financial Markets","Kuwait Finance House","M&amp;A Watch","microsoft","Planet Finance"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/","name":"One of the year\u2019s biggest banking takeovers just took place in the Middle East - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2022-07-07T03:57:09+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/one-of-the-years-biggest-banking-takeovers-just-took-place-in-the-middle-east\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"One of the year\u2019s biggest banking takeovers just took place in the Middle East"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":574752,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/21\/ifc-selling-its-stake-in-aub-egypt\/","url_meta":{"origin":547824,"position":0},"title":"IFC selling its stake in AUB Egypt?","author":"enterpriseam admin","date":"21 September 2020","format":false,"excerpt":"M&A WATCH- Is IFC selling its stake in AUB Egypt? The International Finance Corporation (IFC) is reportedly selling its 10% stake in Ahli United Bank (AUB) Egypt to AUB Egypt\u2019s parent company in Bahrain, the local pressreported, citing unnamed sources familiar with the matter. This would account for the bulk\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/221.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574632,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/bahrains-ahli-united-bank-submits-offer-to-buyout-egypt-unit\/","url_meta":{"origin":547824,"position":1},"title":"Bahrain's Ahli United Bank submits offer to buyout Egypt unit","author":"enterpriseam admin","date":"16 September 2020","format":false,"excerpt":"WATCH THIS SPACE- Bahrain\u2019s Ahli United Bank is seeking 100% ownership of its Egypt unit, with the Financial Regulatory Authority (FRA) saying (pdf) yesterday that AUB and \u201cMisr Strategia\u201d (which reads to us like a special purpose vehicle or \u201cSPV\u201d set up for the transaction) have submitted an offer to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575828,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/","url_meta":{"origin":547824,"position":2},"title":"Ahli United Bank purchases 30 mn shares in AUB Egypt","author":"enterpriseam admin","date":"28 October 2020","format":false,"excerpt":"M&A WATCH- Bahrain\u2019s Ahli United Bank (AUB) has purchased more than 30 mn shares in its Egypt unit alongside Misr Strategia for EGP 913.1 mn, it said in an announcement posted on EGX screens yesterday. The bank, which controlled 85.5% of its Egypt subsidiary before the transaction, purchased 30.6 mn\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594942,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/aub-agrees-to-loan-united-real-estate-subsidiary-egp-250-mn\/","url_meta":{"origin":547824,"position":3},"title":"AUB agrees to loan United Real Estate subsidiary EGP 250 mn","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"An Egypt-based subsidiary of Kuwait\u2019s United Real Estate Company signed on Monday a five-year, EGP 250 mn loan with Ahli United Bank, the parent company said in a bourse disclosure picked up by Mubasher. The loan will be used to fund the company\u2019s Aswar Residences project in New Cairo.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575907,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/03\/ifc-confirms-aub-egypt-stake-sale-to-bahraini-parent\/","url_meta":{"origin":547824,"position":4},"title":"IFC confirms AUB Egypt stake sale to Bahraini parent","author":"enterpriseam admin","date":"3 November 2020","format":false,"excerpt":"M&A WATCH- The International Finance Corporation has confirmed it has offloaded its 10% stake in Ahli United Bank\u2019s Egypt unit to its Bahraini parent in a press release picked by Al Mal. AUB Bahrain announced last month that it had purchased more than 30 mn shares in its Egypt arm\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":608347,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/18\/morgan-stanley-thinks-an-sp-500-rebound-may-be-on-its-way\/","url_meta":{"origin":547824,"position":5},"title":"Morgan Stanley thinks an S&#038;P 500 rebound may be on its way","author":"enterpriseam admin","date":"18 October 2023","format":false,"excerpt":"An S&P 500 rebound \u201cis more likely than not,\u201d said Stanley\u2019s chief US equity strategist","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/889.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=547824"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547824\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547808"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547824"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547824"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}