Arab Banking Corporation (Bank ABC) News - Mubasher Info
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05 February 10:59 PM

Arab Banking Corporation (ABC)

Last update: 4 February 10:59 AM market time.
0.32
0.00
0.00%
Open 0.32
Previous Close 0.32
High 0.32
Low 0.32
Stock Statistics
Volume 20,000
Turnover 2,412.80
All data are 15 minutes late during market session

News

Photo Archive
4 January 06:08 PM Al Ahly Pharos leads EGP 3.5bn issuance for Capital Securitization
Cairo - Mubasher: Capital for Securitization Company has closed its fourth securitization issuance at a value of EGP 3.52 billion under the 12th program. The transaction is secured by a portfolio worth EGP 4.27 billion assigned by Tasaheel for …
Banking and Finance
Photo Gallery
19 June 2024 03:08 PM National Bank of Egypt signs $1bn syndicated loan; regional, international entities partake -Update
Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …
Banking and Finance
The MTO involved 298.62 million shares at $1.42 apiece
9 August 2021 01:48 PM EGX executes $424m MTO on Blom Bank Egypt's shares
Cairo - Mubasher: The Egyptian Exchange (EGX) announced the execution of a mandatory tender offer (MTO) on the unlisted shares of Blom Bank Egypt.  The MTO involved the trading of 298.62 million shares at a total value of $424.04 million, the EGX …
Banking and Finance
The subscription period for the MTO has expired on Thursday
5 August 2021 05:48 PM Blom Bank Egypt's shares sold in MTO reach 298.6m
Cairo - Mubasher: The Egyptian Exchange (EGX) said that 298.62 million shares of Blom Bank Egypt's total 300 million shares have been sold in a mandatory tender offer (MTO), according to a statement on Thursday.  The subscription period for the …
Mergers and Acquisitions
The Bahraini bank offered to acquire Blom Bank Egypt for EGP 22.33 per share
26 July 2021 11:43 AM EGX reveals details of Bank ABC's MTO for Blom Bank Egypt
Cairo - Mubasher: The Egyptian Exchange (EGX) revealed the details of the mandatory tender offer (MTO) submitted by Bahrain's Arab Banking Corporation (Bank ABC) to purchase up to 300 million shares or 100% of Blom Bank Egypt. The Bahraini bank …
Banking and Finance
The offer includes the purchase of up to 300 million shares for EGP 22.33 apiece
18 July 2021 03:47 PM FRA approves Bank ABC's MTO for Blom Bank Egypt
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a mandatory tender offer (MTO) submitted by Bahrain's Arab Banking Corporation (Bank ABC) to acquire Blom Bank Egypt.  The offer includes the purchase …
Mergers and Acquisitions
The MTO includes the acquisition of 300 million shares for EGP 22.33 apiece
13 July 2021 04:10 PM FRA considers Bank ABC's MTO for Blom Bank Egypt
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) said that Bahrain's Arab Banking Corporation (Bank ABC) submitted a draft mandatory tender offering (MTO) to acquire 300 million shares or 100% of the issued capital of Blom Bank …
Banking and Finance
The acquisition is expected to be complete in the second quarter of 2021
17 January 2021 10:53 AM Bank ABC inks deal to acquire Blom Bank Egypt
Mubasher: Bahrain's Arab Banking Corporation (Bank ABC) announced signing an agreement with Lebanon’s Blom Bank to acquire its 99.4% stake in Blom Bank Egypt. The acquisition deal, subject to several conditions and approvals from regulatory …
Mergers and Acquisitions
All physical and non-physical assets and customer accounts are included in the deal
14 January 2021 05:54 PM Bahrain's Bank ABC completes acquisition of Blom Bank Egypt for $480m
Mubasher: Bahrain's Arab Banking Corporation (Bank ABC) finalised the acquisition of Blom Bank’s unit in Egypt for $480 million, two banking sources told Reuters on Thursday. All physical and non-physical assets and customer accounts are included …
Banking and Finance
The settlement is expected to have a positive impact on the company's financial statements
10 January 2021 11:41 AM Saudi Amiantit settles loans worth SAR 107m with Saudi, Bahraini banks
Riyadh – Mubasher: The Saudi Arabian Amiantit Company announced the full settlement of its loans with Samba Financial Group, Bank Aljazira, Gulf International Bank, Al Baraka Islamic Bank (Bahrain), and Arab Banking Corporation (Bahrain). The …
Banking and Finance
Blom Bank Egypt has a paid-up capital of EGP 2 billion
2 December 2020 02:07 PM Bank ABC in exclusive talks to acquire Blom Bank Egypt
Cairo – Mubasher: Bahrain's Bank ABC has entered into exclusive negotiations with Lebanon’s Blom Bank to acquire its unit in Egypt. “These discussions are to negotiate definitive transaction agreements and facilitate the required regulatory …
Banking and Finance
Bank ABC is competing with Emirates NBD to acquire Blom Bank Egypt
9 September 2020 00:26 PM Bahraini lender ABC in talks to acquire Blom Bank Egypt
Mubasher: Arab Banking Corporation (Bank ABC), listed on Bahrain Bourse, is in talks with Lebanon's Blom Bank to acquire its subsidiary in Egypt. The negotiations are still at early stages and “there is no certainty that any transaction will be …
Mergers and Acquisitions
The current ratings are not likely to change in 12M
8 May 2019 08:55 PM Capital Intelligence affirms ABC’s credit ratings, outlook stable
Mubasher: Capital Intelligence Ratings (CI) on Wednesday affirmed the long term and short term credit ratings of Arab Banking Corporation (ABC) at ‘BBB+’ and ‘A2’, respectively, with a stable outlook. The current ratings are not likely to change …
Ratings
Net operating income surged to $204 million in Q1-19
8 May 2019 02:57 PM Bank ABC records $55m profit in Q1
Mubasher: Arab Banking Corporation (ABC) has achieved an increase of 3.7% in net profits attributed to shareholders during the first quarter of 2019 compared to the same period a year ago. Net profit to shareholders grew to $55 million in Q1-19 …
Banking and Finance
The ABC’s capital stands at $3.11 billion
27 March 2019 04:52 PM ABC’s shareholders OK 3 cents dividends for 2018
Mubasher: Arab Banking Corporation’s (ABC) general assembly has approved a proposal for the distribution of 3 cents per share in cash dividends for the full-year 2018. The ABC’s capital stands at $3.11 billion distributed on 3.11 billion shares. …
Cash Dividends
The issuance will help in financing the Bahraini government to overcome the unfavorable market conditions
6 September 2018 11:41 AM KFH participates in $500m Bahraini private bond issue
Mubasher: The government of the Kingdom of Bahrain has raised $500 million with the private placement of a sovereign bond issue in partnership with five regional banks including Kuwait Finance House (KFH). The banks also comprised Emirates NBD, …
Bonds
ABC was the main coordinator for this credit facility
11 December 2017 01:59 PM Warba Bank inks $400m murabaha deal with GCC banks
Mubasher: Warba Bank has signed a murabaha agreement to obtain three-year finance worth $400 million ($120 million). Credit facilities to Warba Bank were offered by 15 banks in the Middle East and North Africa (MENA) region, Europe, and Asia, …
Sukuk and Islamic Finance
The bank has increased its focus on treasury, corporate, and institutional business
8 August 2017 00:38 PM RAKBANK launches $250m syndicated term loan facility
Abu Dhabi – Mubasher: RAKBANK launched a three-year syndicated term loan facility worth $250 million, according to a statement. The bank mandated Bank ABC, First Abu Dhabi Bank (FAB), and Standard Chartered Bank as initial mandated lead arrangers …
Companies Investments
(Photo Credit: Press Release)
10 May 2017 03:51 PM ABC unit posts 45% profit rise in Q1
Mubasher: Bank ABC Islamic, a subsidiary of Arab Banking Corporation (Bank ABC), on Wednesday announced a 45% rise in net profits during the first quarter of 2017, compared to the same quarter in 2016, according to a bourse filing. Net profits …
Financial Results
(Photo Credit: previous Press Release)
5 April 2017 02:00 PM ABC to finance 1st copper tube plant in Middle East
Mubasher: Arab Banking Corporation (ABC) will participate in establishing the first copper tube manufacturing facility in the Middle East in Bahrain. The project is a joint venture between three companies, namely Mueller Middle East, Bahrain …
Banking and Finance
Arab Banking Corporation headquarters (Photo Credit: Bank Press Release)
26 March 2017 02:59 PM ABC to distribute $93m dividends for 2016
Mubasher: The Arab Banking Corporation (ABC) on Sunday said its ordinary general meeting (OGM) approved a cash dividend representing 3% of its capital for 2016. Dividends will be distributed at 3 fils per share and total $93.3 million, the bank …
Cash Dividends
Photo Archive
3 January 2017 10:04 AM ABC affirms Jordanian loan
Mubasher: Arab Banking Corporation (ABC), listed on the Bahrain Bourse, reassured the news of a loan deal with the Arab Banking Corporation - Jordan, listed on the Amman Stock Exchange (ASE), according to a bourse filing. The statement clarified …
Banking and Finance
(Photo credit: ABC)
12 December 2016 00:48 PM IIRA reaffirms ABC ratings; outlook ‘stable’
Mubasher: Islamic International Rating Agency (IIRA) has reaffirmed the ratings Arab Banking Corporation (Bank ABC) at “A- / A2 (Single A Minus /A Two)” on the international scale and at “A+(bh) / A1(bh)” on the national scale, with a ‘Stable’ …
Ratings
(Photo credit: Arab Banking Corporation)
20 November 2016 04:29 PM Fitch affirms ABC’s credit ratings at “BBB-“
Mubasher: Fitch Ratings has affirmed Arab Banking Corporation's (ABC) Long-Term Issuer Default Rating (LT IDR) at “BBB-“, with a “Stable” outlook. ABC's Long-Term IDR is driven by the Bank's standalone strength, as reflected by the viability …
Ratings
Total assets reached $1.62 billion in the nine-month period (Press release photo)
9 November 2016 02:21 PM ABC posts 18% rise in Q3 profits
Mubasher: Arab Banking Corporation (ABC) reported on Wednesday a rise of 18% in its profits for the third quarter of fiscal 2016 to $6.1 million, versus $5.2 million for Q3-15. Net profit for the first nine months of 2016 increased by 4% to $16.8 …
Financial Results