Middle East Lenders Add Muscle With $8 Billion in Takeover Deals - Bloomberg:
"The top ranks of Middle East banking is changing. In the past week alone, lenders in Saudi Arabia and Dubai have agreed to takeover deals worth just over $8 billion.
Saudi British Bank’s $5 billion all-stock deal to acquire Alawwal Bank last week will catapult the HSBC Holdings Plc-backed institution into one of the region’s top 10 lenders."
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