Qatar’s Masraf Al Rayan and Al Khaliji agree to merge
Masraf Al Rayan and Al Khalij Commercial Bank (Al Khaliji) have announced that they have entered into a merger agreement on January 7th 2021.
Financial Services
Salaam Al Shaksy to oversee OAB-Alizz integration
Salaam Al Shaksy, former CEO of Alizz Islamic Bank, has been named Chief Integration Officer of Oman Arab Bank.
Oman Arab Bank, Alizz Islamic Bank finalize merger terms
Oman Arab Bank (OAB) and Alizz Islamic Bank (AIB) signed an agreement for the overall structure of the potential merger between the two banks.
Hamdan alHinai is reelected Chairman of Ahli Bank
Mr. Hamdan alHinai is reelected Chairman of Oman’s Ahli Bank during a remote Annual General Meeting using the electronic platform of Muscat Clearing.
Khalid Al Ghamdi named CEO of Credit Suisse Saudi Arabia
Credit Suisse Saudi Arabia has appointed Mr. Khalid Al Ghamdi to serve as its CEO effective September 1, 2019.
SABB and Alawwal Bank merger takes effect
SABB and Alawwal Bank today created Saudi banking history by legally combining their businesses following regulatory and shareholder approvals.
HSBC appoints Martin Tricaud as CEO of MENAT region
HSBC has appointed Mr. Martin Tricaud as new regional chief executive officer for the Middle East, North Africa and Turkey (MENAT), effective June 1, 2019.
ADCB, UNB agree to merge and take over Al Hilal
Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) have agreed to merge and together to acquire Al Hilal Bank.
ADIB taps Mazin Manna for CEO post
Abu Dhabi Islamic Bank (ADIB) has hired former Crédit Agricole and Citi executive Mazin Manna as CEO, pending regulatory approval.