*
GULF COOPERATION COUNCIL
* The board of Kuwait Finance House KSCP has approved the due diligence report on its proposed takeover of Bahrain-based Ahli United Bank BSC, as well as the final share swap ratio for the deal, in which KFH will offer 1 of its own share for every 2.325581 shares in AUB-Bahrain. The all-share deal is valued at roughly $8.8 billion and will see the combined entity potentially becoming the Gulf region's sixth-biggest lender with assets of $100 billion, Bloomberg News noted.
* Ahli United Bank and its Kuwait-based unit Ahli United Bank KSCP
* SHUAA Capital PSC's
* Actis LLP has agreed to take over management of two more buyout funds raised by The Abraaj Group, according to documents seen by The Wall Street Journal. This signals that the breakup of the collapsed Dubai-based private equity firm is nearly complete.
* Bank of Sharjah PJSC
* Moody's lowered the baseline and adjusted baseline credit assessments of Oman-based Bank Dhofar SAOG
* Capital Intelligence Ratings upgraded the long-term foreign-currency rating of Bank AlJazira
REST OF MIDDLE EAST AND NORTH AFRICA
* Misr Life Insurance Co.
EAST AND WEST AFRICA
* Nigerian payments firm Interswitch Ltd.
* Lagos-based Zenith Bank PLC
* Nigeria-based Universal Insurance Plc named Jasper Osita Nduagwuike a nonexecutive director.
* African Export-Import Bank
* SBM Bank (Kenya) Ltd.
* The Kenyan Treasury's mobile-based bond M-Akiba failed to reach its target to raise 500 million shillings, having received only 263 million shillings, Business Daily Africa reported. The bond attracted additional 51,461 new accounts.
CENTRAL AND SOUTHERN AFRICA
* Economists surveyed by Reuters expect South Africa's central bank to maintain its repo rate at 6.50% during its monetary policy meeting next Thursday, and said any further rate cut would depend on a credit rating review by Moody's in November. A rate cut to 6.25% is also not expected until May next year.
* Sanlam Select has changed its name to Amplify Investment Manager, an asset manager with an AUM of over 8 billion South African rand, CNBC Africa reported.
IN OTHER PARTS OF THE WORLD
Asia-Pacific: HKEX open to up LSE bid; Malaysia keeps key rate; Salesforce funds open banking
Europe: LSE gets £32B bid; HSBC mulls French retail arm sale; Bankia trial delayed
Latin America: Argentina unveils more currency controls; Brazil tax chief sacked
North America: Square sues San Francisco; Va. banks in deal; NY bank warns of possible fraud
Global Insurance: Uninsured children in US up; mining insurance commentary; opioid settlement
Deza Mones, Henni Abdelghani, Pádraig Belton and Mariana Aldano contributed to this report.
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This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.
