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Shareholders approve MedGulf's capital hike; CEO of Kenya's Family Bank to leave

* African Export-Import Bank, or Afreximbank, secured a $500 million loan from China Development Bank aimed at financing infrastructure facilitating trade across Africa as well as other sectors including energy, transport and agriculture, Agence Ecofin reported.


* The Saudi Arabian government is set to announce a new U.S. dollar-denominated Islamic bond sale, insiders told Reuters. The potential sukuk issuance would be the country's second such deal, following last year's $9 billion debt issue.

* Saudi Arabia's Public Investment Fund is expected this week to sign an $11 billion loan from a number of international lenders, including HSBC Holdings PLC and BNP Paribas SA, insiders told Bloomberg News, in a deal marking the sovereign wealth fund's first loan.

* Saudi British Bank has joined blockchain consortium R3's initiative, according to Saudi Gazette.

* The board of Wafa Insurance Inc. appointed Abdulrahman Abdulaziz al-Shetwi as deputy chairman.

* Shareholders of Medgulf Cooperative Insurance and Reinsurance Co. approved the board's proposal to increase the firm's capital by 100% to 800 million Saudi Arabian riyals from 400 million riyals through a rights issue.

* Saudi Arabia's cabinet greenlighted the Saudi Arabian Monetary Authority's bid to become a member of the International Association of Deposit Insurers, the Saudi Press Agency reported.

* Abu Dhabi Securities Exchange CEO Rashed al-Blooshi said the stock exchange aims to begin trading of futures contracts on single stocks next year, with the possibility of making them available for the benchmark index eventually, Bloomberg wrote.


* Lawmakers in Iran approved the establishment of new specialized committees within the Central Bank of Iran, including a monetary and foreign exchange policy committee, that will review articles related to the country's long-awaited bank reforms, the Financial Tribune wrote.

* The Central Bank of Yemen has taken several measures, including providing funds and basic commodities to local commercial banks, to ease pressure on currency markets amid an economic crisis in the country, Arab News wrote, citing central bank Governor Mohammed Mansour Zammam.


* Family Bank Ltd. Managing Director and CEO David Thuku is set to leave the Kenyan lender in six months "to pursue other personal interests."

* Societe Generale Ghana Ltd. is seeking to raise 170 million Ghanaian cedis via a renounceable rights issue, in which it plans to offer 208,570,990 ordinary shares of no par value at 81 pesewas per share. The offer will run from Oct. 3 through Oct. 24.

* Moody's affirmed GCB Bank Ltd.'s ratings, including the Ghanaian lender's B3/Not Prime long- and short-term local-currency deposit ratings and its Caa1/Not Prime long- and short-term foreign-currency deposit ratings. The outlook on the long-term deposit ratings remains stable.

* Standard Chartered Bank Nigeria Ltd. denied allegations of wrongdoing in connection to a probe into foreign exchanges remittances carried out by the lender and three others on behalf of South African telecommunications firm MTN Group Ltd., Premium Times reported. The Standard Chartered PLC unit confirmed that it was fined 2.4 billion naira by the Central Bank of Nigeria as part of the probe.


* Moody's revised the outlook on South Africa's banking system to stable from negative, noting that the country's challenging operating environment is expected to suppress business opportunities and loan demand, as well as put pressure on local banks' loan quality. The agency, however, expects the banks' capital buffers to remain robust, while liquidity should also remain adequate, as buffers have been built up by the lenders in the last few years.


Asia-Pacific: Ping An Asset Management hikes ICBC stake; ClearView Wealth faces penalty

Europe: ING CFO resigns; Belfius IPO shelved; Aareal Bank to buy German peer

Latin America: Bancomer starts employee dismissal program; BB Seguridade ups stake in Ciclic

North America: US banks win roles in potential Aramco-SABIC deal; NY watchdog OKs 2 stablecoins

Global Insurance: Florence insured loss could be $20B; AIG shops quota share; pricing seen stable

Deza Mones, Henni Abdelghani, Sophie Davies and Mariana Aldano contributed to this report.

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