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Qatar's Commercial Bank (COMB.QA) said on Thursday it has made an offer to buy an additional stake of 15.2% stake in National Bank of Oman (NBOB.OM) for 49.4 million rials ($128 million). ....
DOHA: Qatar’s Commercial Bank said on Thursday it has made an offer to buy an additional stake of 15.2 percent stake in National Bank of Oman for 49.4 million rials ($128 million). The deal will boost Commercial Bank’s stake in the Omani lender to over 50 percent, keeping it as the biggest shareholder ahead of the government of Oman’s 26.2 percent stake, according to Refinitiv ....
ADCB sets hot streak for UAE banking stocks after robust first-quarter 2021 results gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
UAE and other GCC stock markets advanced in step with their banking stocks, which rallied after a series of upbeat first-quarter earnings. Saudi Arabia s benchmark index traded 0.9 per cent higher at 10,231 points with financial stocks leading the gains. Al Jazira Bank surged 8.9 per cent after first-quarter profits jumped 77 per cent to SR321.6 million. The kingdom s largest lender - newly created Saudi National Bank - inched up around 1 per cent after posting a 20 per cent spike in the bottom-line. Saudi banks have outperformed so far in announcing gains for the first three months of the year. Rallying for a third day ....