HSBC, JPMorgan and Mitsubishi UFJ Financial Group are claimed to be working on the refinancing
The bank is spending Dhs1bn on an IT transformation initiative
The bank does not currently have a branch or representative office in Saudi Arabia
Abraaj said it had hired KPMG to verify all receipts and payments made by the fund
The Securities and Commodities Authority warned that crypto investments were not covered by the law
Emirates NBD completed the acquisition of BNP Paribas’ Egyptian assets in 2013
National Bank of Abu Dhabi and First Gulf Bank merged to create FAB in April
The prince was released from detention at the weekend
The bank aims to open 100 new branches in Pakistan, taking its total there to 500
ADCB’s board proposed a dividend of 42 per cent of the bank’s capital for 2017
More than 200 people had been detained as part of the kingdom’s corruption purge
A merged Alawwal and SABB would rank as the third-largest bank in Saudi
Shuaa previously acquired an 8 per cent stake in the company in July
Citigroup had pulled out of Saudi Arabia in 2004, having been in the kingdom for five decades
The kingdom hopes to establish a prominent position in international debt markets as part of its economic reforms
Mohamed Fahmy has worked with the company for about five years
The $700m case moved to UAE and British courts, and legal proceedings in both countries are continuing
The service is designed to improve market participation by international investors
The bank is considering options including a rights issue and an issue of Islamic bonds
ADX will work with other organisations to explore the use of blockchain to speed up securities processing
The bank is the first major lender from the United Arab Emirates to report its Q4 earnings
A Saudi British Bank official was among those detained under the kingdom’s corruption purge
Saudi Arabia opened its market to direct investment by foreign institutions in mid-2015
At the end of 2017, 118 foreign institutions had registered to invest
The Wallet Card can act as a customer’s debit, credit and loyalty cards
Abu Dhabi, neighbouring Dubai and Bahrain have pitched themselves as fintech hubs
NCB also announced a cash dividend of SAR0.6 per share for the second half of 2017
Sudan’s banking transactions with Saudi Arabia is expected to reach $600m in the next year
Companies that fail to register face fines and the suspension of government services
he English High Court ruled in favour of sukuk holders on November 17