Salaam Al Shaksy, former CEO of Alizz Islamic Bank, has been named Chief Integration Officer of Oman Arab Bank.
EDGE Group acquires the remaining 40 per cent stake currently held by Lockheed Martin Corporation and Sikorsky in AMMROC.
ADPower transfers the majority of its power and water generation, transmission and distribution assets to Taqa in exchange for 106,367,950,000 new shares.
Oman Arab Bank (OAB) and Alizz Islamic Bank (AIB) signed an agreement for the overall structure of the potential merger between the two banks.
ACWA Power ups stakes in Hajr Electricity Production Company from 17.5% to 22.49% following the partial acquisition of Samsung C&T’s equity.
Dubai’s Sheikh Mohammed merges his holding companies, Meraas Holding and Dubai Holding, to sustain and advance growth through an integrated platform.
Gulf Capital announced today that it has successfully completed the sale of Metamed, the region’s largest diagnostic imaging network, to Ray Lab and others.
Saudi Arabian Military Industries (SAMI) announced the signing of a Term Sheet Agreement to acquire 100 percent ownership in Advanced Electronics Company (AEC).
SABB and Alawwal Bank today created Saudi banking history by legally combining their businesses following regulatory and shareholder approvals.