Bank Muscat, Oman's largest lender, is planning to offer new shares to existing holders at a 25 percent discount to raise capital to fund its credit growth and venture into Islamic finance.
The bank, in which Dubai Financial Group has
Billionaire financier George Soros has bought a 4 percent holding in India's Bombay Stock Exchange for about $35 million, two sources with direct knowledge of the deal told Reuters
The deal values the bourse at around $875 million. &n
Kuwait Finance and Investment Company on Monday said its chief executive, Sana Alladin Goma, has resigned.
The statement to the Dubai Financial Market did not give the reason why Goma quit, but it said the resignation, effective June 13, w
BankMuscat said its sale of a stake to Dubai Financial had increased its share capital by 17.7 per cent to Dh1.03 billion ($281 million).
Bank Muscat agreed in August to sell a 15 per cent stake to Dubai Financial for $619 million by issu
Central Bank of Bahrain yesterday approved the sale of a controlling stake of Bahrain-based TAIB Bank to Dubai Financial.
The transaction took place at the Bahrain Stock Exchange to sell 60 per cent of the banks outstanding shares to Dubai
Bahrain's TAIB Bank is a step closer to being taken over by Dubai Financial, after it was announced yesterday that investors holding at least 60 per cent of the bank's stock had agreed to sell their shares.
The purchase is worth about $17
Government-owned Dubai Financial said on Monday it had agreed buy around 37 percent of Bahrain's TAIB Bank and was looking to raise its stake to 60 percent.
Dubai Financial's parent Dubai Holding said on June 20 it had bought 60 percent of
Dubai Financial, a subsidiary of state-owned Dubai Holding, has signed a stock purchase agreement to acquire a controlling 60 per cent stake in TAIB Bank, the group announced.
Taib Bank is one of Bahrain's fastest growing and most profita