Bahrain’s Ahli United Bank buys 7.3 pct stake in Saudi Bank AlJazira

DUBAI, April 23 (Reuters) – Bahrain’s Ahli United Bank said on Monday it has bought a 7.3 percent stake in Saudi Arabia’s Islamic lender, Bank AlJazira, for $173 million. The investment is not expected to have any material impact on Ahli United Bank’s financial position, Bahrain’s largest bank by assets said in a statement. Source: Bahrain’s Ahli United Bank buys 7.3 pct stake in Saudi Bank AlJazira

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Emirates NBD expands operations in Saudi Arabia – Banking & Finance,Saudi Arabia – ArabianBusiness.com

Emirates NBD expands operations in Saudi Arabia Emirates NBD is the first non-Saudi bank to have a significant branch network in the country Emirates NBD has expanded operations in Saudi Arabia with the inauguration of its first branch in Jeddah and plans for two further branches in Khobar and Riyadh, the company announced on Monday. Source: Emirates NBD expands operations in Saudi Arabia – Banking & Finance,Saudi Arabia – ArabianBusiness.com

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Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge – Banking & Finance,UAE,Europe – ArabianBusiness.com

Dubai finance firm hires ex-Emirates NBD CEO to lead Brexit charge Rick Pudner joins Lumina to focus on UK-Middle East opportunities ahead of Brexit move Lumina, the Dubai-based specialist corporate finance firm, has hired former Emirates NBD Group CEO, Rick Pudner, to help lead the company’s expansion overseas. Based out of London, Pudner will initially focus on shaping the significant bilateral economic opportunities between the UK and the Middle East, in the lead up to

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Bahrain’s GFH to hand out $85m in cash dividends – Banking & Finance,Bahrain – ArabianBusiness.com

Shareholders of Bahrain-based GFH Financial Group have voted to distribute cash dividends totalling $85 million.Dividend distribution will commence within 10 days and represent 8.72 percent of the nominal value of the ordinary shares, a statement said. Dividend distribution will commence within 10 days and represent 8.72 percent of the nominal value of the ordinary shares, a statement said. Source: Bahrain’s GFH to hand out $85m in cash dividends – Banking & Finance,Bahrain – ArabianBusiness.com

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