Tag: Emirates NBD
Dubai’s Biggest Bank Emirates NBD Plans $1.76 Billion Rights Share Sale
(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...
Emirates NBD Near to Hiring Banks for $2 Billion Rights Sale
(Bloomberg) -- Dubai’s biggest bank is close to appointing Citigroup Inc. and Morgan Stanley to manage a rights share offering of as much as...
Emirates NBD increases its FOL to 20%, fuels high for Dubai stocks
Emirates NBD Bank on Monday increased its Foreign Ownership Limit (FOL) to 20% and announced its intention to increase it to 40% in the...
Emirates NBD Posts 49% Profit Jump on Network Sale
(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...
Emirates NBD Gets Key Approval for Turkey Denizbank Deal
(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...
Saudi, UAE Bank Revenues Seen Pressured by US Rate Cuts
(Bloomberg) -- Saudi Arabia and United Arab Emirates banks may have their annual revenue estimates cut by one or two percentage points for every...
Emirates NBD CFO to Leave
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...
Emirates NBD Boosts 2018 Profit 20%, Beats Estimates
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...