#HSBC

DAE secures $1.6bn from multi-tranche financing deal

UAE’s DAE secures $1.6bn from multi-tranche financing deal

The facility was structured as a combination of revolving credit facilities and term financing facilities

HSBC acts as custodian for debut DFM SLB transaction

HSBC acts as custodian for debut DFM securities lending transaction

The execution of the first international securities lending and borrowing transaction is the latest step in the continued evolution of Dubai’s capital markets

Oman Ahli United Bank, Bank Dhofar merger

Oman’s Ahli Bank rejects merger offer from Bank Dhofar

The board of directors studied the non-binding proposal from Bank Dhofar and decided not to accept it

SABB rebrands as SAB – الأول

SABB rebrands as Saudi Awwal Bank after merger with Alawwal

The bank will operate as ‘Saudi Awwal Bank’ after obtaining the necessary regulatory and shareholders’ approvals

Investcorp, Fung Capital to start $500m Greater Bay fund

The fund will mainly focus on buyouts of firms in or close to the region that spans the Chinese cities of Hong Kong and Macau

HSBC expands private banking in UAE to tap growing millionaire base

The new private bank will cater to the needs of clients with investable assets of over $2m

HSBC

HSBC, Oracle announce strategic collaboration

Under the multi-year agreement, HSBC will upgrade and migrate select database systems to Oracle Exadata Cloud@Customer

HSBC Saudi Arabia promotes Faris Alghannam to CEO role

Alghannam has been with HSBC Saudi Arabia since 2011

Saudi oil driller hires Goldman, HSBC, SNB Capital for local IPO

Arabian Drilling operates 45 rigs and had revenue of $586m last year

Carlyle seeks $325m from Gulf Domino’s Pizza operator IPO

Carlyle is selling a 41.7 per cent stake in Alamar, or 10.6 million shares, to institutional and retail investors

Sohar International eyes merger with HSBC Bank Oman

Sohar International recorded a 41.6 per cent increase in net profit to OMR28.3m for the year ended December 31, 2021

HSBC boosts Saudi investment banking team amid flurry of deals

International banks including Citigroup and Bank of America have been expanding in the kingdom

HSBC becomes first international general clearing member on Dubai Financial Market

The bank will be able to provide clearing and settlement services to its customers worldwide and to other DFM trading members

Up to 66% of Indian expats plan to increase their investments in the UAE – HSBC

Property is seen as the most important investment class for Indians in the UAE

Saudi Arabia signs MoU with HSBC to promote sustainable investments

The agreement covers the identification and promotion of sustainable investments in the kingdom

Dubai UAE

Revealed: The top 10 countries for expats to live and work

The UAE has been ranked among the top five places worldwide for expats in HSBC’s annual survey

Saudi British Bank makes kingdom’s first green deposit to finance sustainable initiatives

The funds were deposited with HSBC in the UAE

Saudi wealth fund is said to hire ex-HSBC executive as director

Since 2015, the PIF’s assets under management have risen to $430bn from about $150bn

HSBC pays dividend after quarterly profit beats estimates

The improved credit outlook prompted the bank to pay an interim dividend of 7 cents a share

Aldar properties abu dhabi

Aldar Properties becomes MENA’s first real estate company to secure sustainability-linked loan

Aldar will invest a fixed amount in one or more ESG projects if it does not reach agreed annual targets

Stuart Gulliver Aramco

Saudi Aramco appoints ex-HSBC CEO Stuart Gulliver to board

Gulliver replaces Sir Mark Moody-Stuart, who had been on the board since 2007

HSBC commits $5bn for UAE businesses with global growth plans

Incentives, including green lending discounts and certifications, access to targeted growth programmes, and trade-related benefits, will be offered to businesses that meet the required criteria

Wealth management of tomorrow: Emerging trends within the regional landscape

Global trends of investing with purpose have been reflected regionally as well

First Saudi tech startup that could go public picks HSBC for IPO

Jahez has also been expanding in other areas such as last-mile logistics and cloud kitchens

HSBC facilitates first blockchain transaction for steel between UAE, India

The Contour blockchain platform enabled end-to-end digitisation of the documentation required to import flat carbon steel

Saudi Arabia’s Acwa Power set to raise $1bn in sukuk sale

The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan

HSBC shares fall to 25-year low on China fears, banks report

Europe’s largest bank has been named as a possible candidate for China’s “unreliable entity list”

HSBC arranges first green export credit agency loan for Saudi ministry

The proceeds of the loan are being used to purchase buses from Germany for the kingdom’s public transport network

The way forward for GCC’s sustainable construction space

Regional governments are stepping up efforts to transition to sustainable building practices