Archana Narayanan
Stories by Archana Narayanan
Abu Dhabi Financial Group, Shuaa Capital agree on merger
The Middle East’s financial-services industry is witnessing a wave of consolidation as banks seek ways to improve competitiveness and boost capital.
Over 20 Gulf financial institutions with $1t total assets in merger talks
An unprecedented wave of consolidation hits the region’s financial industry.
Saudi wealth fund PIF said to seek bridge loan of up to $8b
The wealth fund is looking for a bridge loan that would be repaid with proceeds from the $69.1 billion sale of its stake in SABIC to Saudi Aramco.
Mubadala said to mull options for $10b Canadian plastics maker Nova
The sovereign wealth fund is considering what to do with the asset, including selling a stake to a Canadian pension fund or another company in the ind
UAE’s VPS Healthcare rethinks London IPO due to Brexit uncertainty
The Abu Dhabi-based hospital operator is also evaluating listing in the U.S. or Singapore and will decide closer to the IPO.
Dubai’s IMG explores options for largest indoor theme park
IMG Worlds of Adventure, which cost about $1 billion to build, opened in 2016 and stretches across 1.5 million square feet.
SoftBank Vision Fund said to raise $3b loan with Goldman, Mizuho
Citigroup Inc., Samba Financial Group and Mitsubishi UFJ Financial Group Inc. were also among banks that participated.
Saudi Arabia said to hire HSBC banker to lead privatisation process
Saudi Arabia set up the National Center for Privatization in 2017 and hopes to generate about $11 billion by 2020 through the sale of stakes in utilit
Dubai’s Noor Bank wins right to swap Abraaj debt for fund stakes
Noor Bank will hold the stakes alongside other investors and limited partners.
StanChart likely to axe Dubai, Singapore jobs amid cost reductions
The bank is weighing a plan to simplify its structure, reduce funding expenses and free up liquidity.
