UK real estate firm Savills acquires Cluttons Middle East – Gulf Business

UK-based real estate advisory firm Savills has announced its acquisition of consultancy Cluttons Middle East.Savills said the business employs 190 staff in seven cities across the UAE, Bahrain, Egypt, Oman and Saudi Arabia and provides agency, management and consultancy advice in the commercial and residential sectors. Source: UK real estate firm Savills acquires Cluttons Middle East – Gulf Business

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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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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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