National Commercial Bank
The National Commercial Bank (NCB) and Samba Financial Group have announced the expiry of the creditor objection period with no outstanding unsatisfied creditor objections for their planned merger. Samba Financial Group and all of its assets and liabilities will be transferred to NCB, which will accordingly change its name to The Saudi National Bank.
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Abu Dhabi Aviation Co
Abu Dhabi Aviation Company has inked a letter of intent to consider fully acquiring Falcon Aviation Services (FAS), an aviation services provider.
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Speed Medical Co
Speed Medical Company approved the fair value (FV) of Prime Speed Healthcare prepared by the independent financial advisor Economic Group Financial Consulting Company for Securities at a value of EGP 1.823 billion.
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Abu Dhabi Islamic Bank
Abu Dhabi Islamic Bank (ADIB) has granted Albilad Capital, a wholly-owned investment arm of Saudi Arabia's Bank Albilad, structured Islamic financing to support the company's GBP 87 million acquisition of the PWC headquarters in Belfast in Northern Ireland.
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Agthia Group
The board of the UAE-based Agthia Group has approved a strategic acquisition of a 75.02% stake in Egypt-based Ismailia Investments (Atyab), a producer of frozen processed chicken and beef products.
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