(Bloomberg) –Dubai’s biggest bank is seeking to raise 6.45 billion dirhams ($1.76 billion) from a rights share offering as it expands abroad and courts more foreigners...
(Bloomberg) — Dubai’s biggest bank is close to appointing Citigroup Inc. and Morgan Stanley to manage a rights share offering of as much as $2 billion,...
Emirates NBD Bank on Monday increased its Foreign Ownership Limit (FOL) to 20% and announced its intention to increase it to 40% in the future, according...
(Bloomberg) — Emirates NBD’s first-half profit jumped 49% as Dubai’s biggest bank benefited from the sale of a stake in its card payments processing unit. Net income...
(Bloomberg) — Emirates NBD received a key regulatory approval taking Dubai’s biggest lender a step closer to completing its purchase of Turkey’s Denizbank, two people with...
(Bloomberg) — Saudi Arabia and United Arab Emirates banks may have their annual revenue estimates cut by one or two percentage points for every 25 basis...
Emirates NBD‘s Chief Financial Officer Surya Subramanian, who steered the bank through some of Dubai’s largest restructurings, is set to leave after almost nine years. The...
Emirates NBD reported a better-than-expected increase in full-year profit as lending rose and loan loss charges fell at Dubai’s biggest bank. The state-controlled lender recommended a...
