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Ahli United Bank’s AGM approves 18% dividend
(Gulf News - 30/03/2018)

Ahli United Bank said on Thursday the shareholders have approved the 18 per cent cash dividend at its Annual General Meeting (AGM). The dividend amounts to $341.6 million (Dh1,257 million), together with a bonus share issue of 5 per cent (five shares per

QFB’s income from financial assets grows by 18.3%
(The Peninsula - 29/03/2018)

Qatar First Bank (QFB), a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), has recorded a revenue of QR334.2m for the year ended 31 December 2017. QFB investment portfolio continued to generate healthy

Bank Muscat highlights career opportunities for CBFS students
(Oman Daily Observer - 29/03/2018)

The appeal of Bank Muscat as the ‘best place to work in Oman’ attracted a large turnout of prospective job seekers at the Career and Opportunities Fair organised by the College of Banking and Financial Studies (CBFS) under the auspices of Tahir bin Salim

CBK and IFSB to organize a high-level global conference on Islamic finance
(Arab Times - 29/03/2018)

The Central Bank of Kuwait (CBK) and the Islamic Financial Services Board (IFSB) are pleased to announce that they will be organizing a high-level global conference on Islamic finance. The conference will be held on May 2, 2018 in the State of Kuwait in

Emirates NBD shareholders approve Dh7.3 billion rights issue
(Gulf News - 28/03/2018)

The eleventh annual general meeting of Emirates NBD on Tuesday approved the bank’s proposed increase of capital through a rights issue of new shares worth up to Dh7.3 billion.<br/><br/> The increase in capital is believed to be for the acquisition of

QNB announces Internet & Mobile Banking campaign winners
(The Peninsula - 28/03/2018)

QNB has announced 60 active users to win 80,000 Life rewards points. The Bank has recently launched this campaign to encourage customers to take advantage of its Internet and Mobile Banking services.<br/><br/> Customers were eligible to enter the raffle

Commercial Bank announces new leadership changes
(The Peninsula - 28/03/2018)

Commercial Bank, Qatar’s first private bank, has announced changes in the leadership roles that have responsibility for Commercial Bank’s High Net Worth and VIP customers.<br/><br/> Bouchra Sebbata, previously AGM, Head of Sadara Wealth Management, has

Bank Muscat honoured for innovative CSR initiatives
(Oman Daily Observer - 28/03/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, was honoured in recognition of its innovative corporate social responsibility initiatives and contributions to sustainable development at a ceremony hosted by the Ministry of Social

Bank Sohar picks second monthly draw winners
(Oman Daily Observer - 28/03/2018)

Announcing another 43 lucky winners, Bank Sohar held its second monthly prize draw for the Al Mumayaz Savings Scheme 2018 under the auspice of Shaikh Homoud bin Hamed al Wahshi, Wali of Musannah, on Wednesday, March 21 at the Millennium Resort

QIIB grew on all fronts, 2017 a successful year’
(The Peninsula - 27/03/2018)

The Vice-Chairman of QIIB, Sheikh Abdullah bin Thani bin Abdullah Al Thani, has said that the year 2017 had witnessed the bank’s capability in achieving its target growth in terms of the most important financial indicators including financials, deposits

Bank Muscat appoints new DGM — Investment Banking
(Oman Daily Observer - 27/03/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, has announced the appointment of Saleh Nasser al Habsi as Deputy General Manager — Global Institutional & Investment Banking (DGM — GIIB). Saleh is a seasoned banking and finance

Ajman Bank signs MoU with GII-REIT
(Oman Daily Observer - 27/03/2018)

Ajman Bank has signed a Memorandum of Understanding (MoU) with GII-REIT, through which the bank will offer the investment in the fund to its customers. GII-REIT is the first real estate investment trust belonging to Gulf Islamic Investments (GII). Hani

DIB launches MyHome, a new home finance product
(Gulf News - 26/03/2018)

Dubai Islamic Bank (DIB), the UAE’s largest Islamic Bank on Sunday launched MyHome, a new home finance product that is set to change the face of home finance in the UAE.<br/><br/> The bank said the new product removes challenges related to complex

Bank ABC shareholders approve $93.3m dividend payment
(Trade Arabia - 26/03/2018)

Bank ABC shareholders today approved $93.3 million in dividend payment and a market making arrangement to support liquidity in ABC share price, at the bank’s annual general meeting. <br/><br/> Consolidated net profit, attributable to the shareholders of

KIB holds Annual General Meeting, approves distribution of 10 pct cash dividend for 2017
(Arab Times - 26/03/2018)

The 2017 Annual General Meeting (AGM) for Kuwait International Bank (KIB) was held on March 24th 2018, attended by 78.150 percent of shareholders approved the recommendation of the Bank’s Board of Directors to distribute cash dividends of 10 percent of

Emirates NBD closes in on Denizbank acquisition
(Arab News - 23/03/2018)

Emirates NBD could agree to buy Turkey’s Denizbank within weeks, after intense lobbying by the Turkish bank to convince President Tayyip Erdogan of the benefits of the potential $5.3 billion deal.<br/><br/> Dubai’s biggest bank, Emirates NBD said it was

Masraf Al Rayan launches Qatar ETF
(The Peninsula - 22/03/2018)

Qatar’s first Shari’a-compliant exchange traded fund and arguably, the largest single-country Shari’a compliant ETF in the world was listed on Qatar Stock Exchange (QSE) yesterday. The Al Rayan Qatar ETF (stock exchange ticker: QATR) traded more than

QIIB announces appointment of Qataris as top executives
(The Peninsula - 22/03/2018)

QIIB has announced the appointment of Sheikh Abdulaziz bin Abdullah bin Faisal Al Thani, as the Chief- Corporate Banking Sector and Sheikh Mohammed bin Ali Al Thani as Chief-Treasury & Investments. The appointments are in line with QIIB strategy, which

HSBC Bank Oman marks 70 years in Oman
(Oman Daily Observer - 22/03/2018)

Celebrating 70 years of supporting Oman’s economic growth and development is the focus of a series of roadshows launched this week at HSBC Bank Oman’s branches across the country to mark the bank’s milestone anniversary with customers and

Bank Muscat Priority Banking opens new asalah centre in Rustaq
(Oman Daily Observer - 22/03/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its new vision ‘To serve you better, every day’, marked the expansion of asalah Priority Banking network with the inauguration of a new personalised banking asalah

Mashreq Bank in payment partnership with Alipay
(Gulf News - 21/03/2018)

Mashreq Bank on Tuesday announced its partnership with Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group.<br/><br/> The association with Alipay, enables Chinese customers carry out payments at

FAB wins Saudi commercial banking licence
(Trade Arabia - 21/03/2018)

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has secured a licence from the Saudi Arabia Monetary Authority (Sama) to establish a commercial banking business in Saudi Arabia as part of its

KFH General Assembly approves cash dividend of 17%, bonus shares of 10%
(Arab Times - 21/03/2018)

Following is the KFH Group Annual Report for 2017 presented by the Chairman, Hamad Abdul Mohsen Al-Marzouq Praise be to Allah Almighty, and Peace and Blessings be upon our Prophet Muhammad (PBUH), his Family and Companions.<br/><br/> Esteemed

Barwa Bank names March Thara’a draw winners
(The Peninsula - 20/03/2018)

Barwa Bank announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As the draw results showed, Mohamed Omar Abdalkader and Khaldoun Nachawi each won a cash prize of

Bank Muscat shareholders approve dividend for 2017
(Oman Daily Observer - 20/03/2018)

Bank Muscat shareholders granted approval for the payout of 35 per cent dividend for 2017 at the Annual General Meeting (AGM) presided by Shaikh Khalid bin Mustahail al Mashani, Chairman, at the bank’s head office.<br/><br/> Continuing the strong

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