Abu Dhabi Islamic Bank Said to Weigh Merger Amid M&A Wave - Bloomberg:
Abu Dhabi Islamic Bank PJSC is weighing strategic options for its business, including a potential merger, according to people with knowledge of the matter.
The United Arab Emirates’ second-biggest Islamic lender is in early talks with financial advisers about measures such as combining with a larger entity or buying a smaller institution, said the people, asking not to be identified as the discussions are private.
Abu Dhabi Islamic Bank would prefer to acquire another lender rather than being taken over, two of the people said. A formal process hasn’t started and talks may not result in a deal, the people said. Senior executives at Abu Dhabi Islamic Bank weren’t immediately available for comment.
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