An acquisition would create a lender with $76 billion in assets.
The Middle East’s financial services industry is witnessing a wave of consolidation as banks seek ways to improve competitiveness.
The fund is looking at sectors including hi-tech industries, artificial intelligence, health care, real estate, as well as traditional private equity.
Citigroup Inc., Samba Financial Group and Mitsubishi UFJ Financial Group Inc. were also among banks that participated.
The bank will focus on consolidation in markets its recently entered, including those in Africa, Pakistan and Bangladesh. The company also sees an opp
Noor Bank will hold the stakes alongside other investors and limited partners.
Fajr Capital Ltd., Bahrain’s sovereign wealth fund Mumtalakat and the Varkey Group are also considering selling some or all of their holding in the
The New York-based company will represent Abraaj Private Equity Fund IV’s backers in talks with liquidators as they seek to recover more than $99 mi
The company is working on deals in Saudi Arabia, the United Arab Emirates and Egypt.
Investment Corp. of Dubai is talking to banks to raise a five-year loan to partly repay a $2.55 billion facility that matures in June.
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