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SABB, which is 40 percent owned by HSBC Holdings, and Alawwal said in April last year they had agreed to start talks on the merger. (Courtesy of SABB)

May 20th, 2018 - 08:15 GMT

Third Largest Bank in Saudi Arabia to Be Created With Alawwal and SABB Merger

Saudi British Bank (SABB) and Alawwal Bank have agreed to merge, in a move that would create the Kingdom’s third-biggest lender with assets of around $77 billion, the institutions announced on Wednesday.

Credit card misuse can cost you up to Dh2 million ($0.5 million) of fine in UAE. (Pixabay)

April 27th, 2017 - 11:03 GMT

Hefty fines for credit card abusers in UAE

Yas Mall in Abu Dhabi. (Aldar Properties)

April 19th, 2017 - 11:06 GMT

Oversupply of retail space in Abu Dhabi pushes rental prices down 58 percent: Report

A potential combination of NBAD-FGB is expected to create the second largest bank in the Middle East after Qatar National Bank. (File photo)

June 20th, 2016 - 05:00 GMT

UAE: Proposed NBAD-FGB merger would create regional banking giant

Reductions by local lenders have totalled a combined 1,500 staff in 2016 and 2015, according to some estimates. (Tectronicsme)

May 10th, 2016 - 07:21 GMT

Negative outlook for UAE banking as cost-cutting drive expected to continue

January 4th, 2009 - 08:12 GMT