UAE's Mashreq Bank ponders sale of payments arm in potential $500m deal: Bloomberg

RIYADH: Dubai’s Mashreq Bank is working with Goldman Sachs on a potential $500 million sale of its payments arm, Bloomberg reported, citing unnamed sources. The group is looking for potential buyers for the unit, mainly responsible for carrying out and processing debit and credit card transactions. Representatives for the lender and Goldman Sachs declined to comment to

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