The company plans to use the funds to launch new online marketplaces
Ahmed Jafar Al Musalami has served as CEO since 2014
Samba recorded an 11.4 per cent rise in fourth-quarter net profit, while Alawwal swung into profit
The sale comes amid a diplomatic rift between Qatar and the UAE
Gulf countries have generally been slow to introduce equity derivatives
Saudi Arabia’s Saad Group and Ahmad Hamad al-Gosaibi & Bros Co defaulted in 2009
The company will offer the storage of bitcoin, ethereum and other currencies at a vault in Dubai
India-related contracts have been a major reason for growth in the DGCX’s business over recent months
The SFO said a date for the first court appearance will be set in due course
Saudi Arabia is likely to lead the growth, with the UAE, Egypt and Nigeria also key drivers
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