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Banking and Finance

Banking and Finance latest

Al Ansari Financial Services’ Shareholders Approve 2025 Dividend at Annual General Meeting
March 27th, 2026 - 06:59 GMT

Al Ansari Financial Services’ Shareholders Approve 2025 Dividend at Annual General Meeting

Al Ansari Financial Services PJSC (“Al Ansari Financial Services” or “the Group”) announced that its shareholders have approved the Board of Directors’ recommendation to distribute a total cash dividend of AED 297 million (4 fils per share) for the financial year ended 31 December 2025. This represents 74% of the Group’s net profit after tax. The approved dividend includes a final dividend of AED 148.5 million (2 fils per share) for the second half of the year, following an equivalent payout for the first half of 2025, demonstrating the Group’s ...
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Gulf Bank
September 8th, 2016 - 07:51 GMT

Gulf Bank announces the winners of the Al Danah Daily Draws for the week of 28 Aug – 1 Sept 2016

Burgan Bank
September 7th, 2016 - 08:20 GMT

Burgan Bank’s ready for the Eid Al Adha Holiday Rush

Nearly 30 percent of the assets of banks in Lebanon are in cash. (File photo)
September 7th, 2016 - 08:00 GMT

Lebanon's dash for cash: Demand for hard currency doubles over seven years

HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs
September 6th, 2016 - 07:58 GMT

MoF reviews the final draft of the federal bankruptcy law

Egyptian Media Company will be registered on the stock market as a holding company by 2017 and raise up to 1 billion Egyptian pounds in 2018 after the IPO.  (File photo)
September 6th, 2016 - 07:00 GMT

Egyptian Media Company plans $113M IPO

PCP Capital Partners LLP is led by investment banker Amanda Staveley, who was instrumental in assisting Barclays in raising funds in Abu Dhabi. (File photo)
September 5th, 2016 - 12:01 GMT

Barclays accused of fraudulent $3B loans to Qatari investors to buy its own shares

There has been a recent surge in the number of bank defaults and incidents of fleeing expatriate businessmen in the absence of a legal framework on debt restructuring and bankruptcy. (Shutterstock)
September 5th, 2016 - 07:00 GMT

New UAE bankruptcy law will make business environment more investor-friendly

Sharjah Islamic Bank
September 5th, 2016 - 06:16 GMT

SIB successfully issues $500 million sukuk

Amin Al Husseini, Chief Executive Officer, Oman Arab Bank
September 5th, 2016 - 05:23 GMT

Oman Arab Bank launches “Lead” first-of-its-kind employee leadership program

Statistics also showed that the total of investment funds assets in Saudi Arabia dropped to USD27.6 billion in 2015 compared with USD29.3 billion in 2014. (AFP/Fayez Nureldine)
September 4th, 2016 - 07:00 GMT

Saudi share market index drops again

During the ceremony
September 4th, 2016 - 06:00 GMT

Bank Nizwa successfully concludes Islamic Finance Summer Course at SQU

Gulf Bank
September 4th, 2016 - 05:24 GMT

Gulf Bank announces the winners of the Al Danah Daily Draws for the week of 21 August – 25 August 2016

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