Banking & Finance

RMS (Private) Limited has decided to withdraw its Public Announcement of Intention (PAI) to acquire up to 87.96 percent or 119 million ordinary shares of...

Riyadh-based investment platform Abyan Capital has secured $18 million in a Series A funding round, spearheaded by STV, as announced on Thursday. The investment round...

Riyadh-based venture capital firm Impact46 is gearing up for its second Initial Public Offering (IPO) with the impending Tadawul listing of local fintech company Rasan....

Mnzl, an Egyptian asset-backed lending platform, has secured $3.5 million in a recent funding round led by prominent Africa-focused venture capital firms P1 Ventures and...

After 12 years of dedicated service, Ghazanfar Azzam has announced his decision to step down as the President and CEO of Mobilink Microfinance Bank. During...

In a significant development, The Securities and Exchange Commission of Pakistan (SECP) has officially registered The Bank of Punjab's (BOP) exchange company, marking a pivotal...

In a recent development, Pakistan's central bank has levied substantial fines amounting to Rs775.54 million on nine commercial banks, including several leading ones, for breaching...

In a turbulent turn of events, Bank Alfalah's brokerage arm finds itself grappling with substantial financial losses, shedding light on underlying management issues and market...

The Competition Commission of Pakistan (CCP) has recently granted approval to a merger within the Health Insurance and Health Takaful sector. The approved transaction involves...

In a significant development for the Saudi National Bank, Tareq Abdulrahman Al Sadhan has been appointed as its Chief Executive Officer, effective May 1, 2024....