Mergers and acquisitions in the Middle East’s banking sector have gained traction in recent years – mainly driven by economic pressure due to lower energy revenues and the impact of the pandemic
Ahli United Bank
Manama-based Ahli United Bank inks deal to acquire Citi’s consumer banking business in Bahrain
The transaction, which is subject to regulatory approvals, includes the retail banking, credit card, and unsecured lending businesses, but excludes Citi’s institutional businesses
Kuwait Finance House plans $8.8bn deal for Bahraini bank
Kuwaiti lender has offered to buy Bahrain’s Ahli United Bank in an all-share deal
Look who’s talking: the Gulf’s $1trn bank merger bonanza
More than 20 Gulf financial institutions with total assets exceeding $1 trillion are in merger talks
The Gulf merger wave: What’s next for the banks in the region?
Abu Dhabi’s three-way bank merger is set to create a $114bn financial giant
Kuwait Finance said to offer 35% premium in $8bn bank deal
Sources say Kuwaiti lender may offer one share for every 2.1 in Ahli United Bank
Kuwait, Bahrain lenders plan talks on $92bn merger
Kuwait Finance House and Bahrain’s Ahli United Bank would create the Gulf’s sixth biggest bank
Kuwait Investment Authority sees no conflict of interest in KFH-AUB merger
The role of finance minister at the two institutions doesn’t constitute a conflict of interest, according to Kuwait Investment Authority
Kuwait bank in merger talks to create $92bn Islamic lender
Kuwait Finance House sent a letter inviting Ahli United to sign a memorandum of understanding and a non-disclosure agreement to start valuation studies