As per the deal, ADFG shareholders will own 58% of the merged entity while Shuaa’s existing shareholders will own 42% in the firm.
A merger of SABB and Alawwal will help stakeholders tap into a demand for a digital bank suitable for a young tech-savvy population of millennials while shaving costs.
According to a new study, the number of ATM machines dropped to 3.24 million globally for different reasons.
Cryptocurrency industry veterans say Chinese investors are trying to exchange the yuan for other assets, like dollars and bitcoin, because they think the yuan will continue to drop.
Majid Al Futtain is raising over $ 600 Million in Green Islamic bonds, to invest only in environmentally friendly projects
The company’s education platform Girls4Tech aims to connect Mastercard employees with local students to mentor the latter and improve participation of females in STEM fields.
New incumbents to the financial sector are going to mobilize technology to produce guidance - and it will transform the asset management industry.
DIFC FinTech Hive’s AccelerateHer, the first women-only career mentorship program, aims to connect female executives with the right leaders for eight months.