Popular on Rezul
- No Limits Method Revolutionizes Neurodivergent Education Through Embodied Cognition - 110
- Corner Property Management Welcomes Seneca Reserve HOA! - 106
- Kaplan Morrell Applauds Passage of Landmark Workers' Compensation Reform in Colorado - 101
- First AI Marketing Platform Built Specifically for Small Businesses Launches Public Beta
- TEDxInglewood Returns to The Miracle Theater on August 9, 2025 — Celebrating Bold Ideas and Community Energy
- Manhattan Boutique Real Estate Collaborates with InterContinental Hotels NYC in a Branding Partners Personalized Approach
- Honoring Black History, Culture, and Community in Fall River
- Token-Operated Sake Service Opens at Tobu Nikko Station
- Real Estate CEO Launches Explosive New Book After $275,784 Wire Fraud Incident
- Cheryl Hines' Trailer PROWLING to Sardinia
Similar on Rezul
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
Astor Capital Fund in Rumored Talks to Explore a $5 Billion Bank Merger with Saudi Alinma Bank
Rezul News/10437372
NEW YORK - Rezul -- Astor Capital Fund is in rumored talks to explore potential Saudi Bank Mergers. Banks named include Saudia Arabia's Alinma Bank
In a statement on Monday October 7th, 2019, CEO Thomas Mellon commented on the rumored merger talks, "We are open to any purchase that would expand our holdings in the Saudi market. In the initial phases we can confirm we have explored our connections globally and are weighing the potential gains promised through a potential merger. We believe a merger would benefit the company and our shareholders worldwide."
While some investors have expressed reservations and there has been no definitive announcement as of today, Mellon paints a beneficial picture for investors, his tone seemingly pointing toward a merger.
"I can't stress enough that this move would be beneficent to shareholders although I'm aware there has been some concern expressed. We honor that concern. But I'd like to add, the two banks will continue to operate independently until such a time that a full or partial buyout is announced and until such time when plans to fully integrate our products and services are complete – if and when that time comes."
More on Rezul News
Adds Mellon: "A merger of this kind only bolsters our strengths in terms of capital and overall global offerings. These are two great banks. Astor Capital Fund is rife with history and Alinma has carved out a real reputation in the Saudi M&A niche. Enhanced capabilities created by the merger, serve to add to our collective legacies both in the United States and the Saudi Arabian market. Presently we have an ambitious, global vision for Astor Capital Fund, one that includes Saudi Arabia."
When asked for further comment on the target date of the merger, there was no additional public statement released. However, Mellon was quick to add a fine point to the rumored merger:
"We are delighted to be included in global merger talks, and to announce the growth of all global divisions at Astor Capital Fund," added Stefan Frederiksen, Managing Director, Europe. "And," says Mellon, "as an international bank, we continue to provide peak customer service to our elite investors and consumers, regardless of mergers and expansion plans. On the heels of the Alinma announcement, we shall also announce several more initiatives in 2020 that will demonstrate exponential growth and an increased presence globally attained over the last three years. It's a time of growth at Astor Capital Fund – we couldn't be more excited to share the news."
More on Rezul News
Astor Capital Fund is an institutional and ultra-high net worth asset management firm. We specialize in providing independent financial advice and investment management services to a wide array of institutional clients including family offices, foundations, official institutions, municipalities, endowments, and pension funds. We believe that supreme excellence lies in simplicity and efficiency therefore, in our investment strategies we utilize a straightforward and an uncomplicated approach. With this principle as a leading guide, we help institutions create the best possible decision-making framework through intelligent portfolio design and investment policy guidance.
Contact the Astor Capital Fund
In a statement on Monday October 7th, 2019, CEO Thomas Mellon commented on the rumored merger talks, "We are open to any purchase that would expand our holdings in the Saudi market. In the initial phases we can confirm we have explored our connections globally and are weighing the potential gains promised through a potential merger. We believe a merger would benefit the company and our shareholders worldwide."
While some investors have expressed reservations and there has been no definitive announcement as of today, Mellon paints a beneficial picture for investors, his tone seemingly pointing toward a merger.
"I can't stress enough that this move would be beneficent to shareholders although I'm aware there has been some concern expressed. We honor that concern. But I'd like to add, the two banks will continue to operate independently until such a time that a full or partial buyout is announced and until such time when plans to fully integrate our products and services are complete – if and when that time comes."
More on Rezul News
- Networking For A Cause - NYC Professionals come together to network for a cause
- "Navigating Florida's New Condo Laws: What Central Florida Owners & Buyers Need to Know"
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- Walnut Hills Launches Off-Grid Hempcrete Homes and Eco-Retreat in Western NC
Adds Mellon: "A merger of this kind only bolsters our strengths in terms of capital and overall global offerings. These are two great banks. Astor Capital Fund is rife with history and Alinma has carved out a real reputation in the Saudi M&A niche. Enhanced capabilities created by the merger, serve to add to our collective legacies both in the United States and the Saudi Arabian market. Presently we have an ambitious, global vision for Astor Capital Fund, one that includes Saudi Arabia."
When asked for further comment on the target date of the merger, there was no additional public statement released. However, Mellon was quick to add a fine point to the rumored merger:
"We are delighted to be included in global merger talks, and to announce the growth of all global divisions at Astor Capital Fund," added Stefan Frederiksen, Managing Director, Europe. "And," says Mellon, "as an international bank, we continue to provide peak customer service to our elite investors and consumers, regardless of mergers and expansion plans. On the heels of the Alinma announcement, we shall also announce several more initiatives in 2020 that will demonstrate exponential growth and an increased presence globally attained over the last three years. It's a time of growth at Astor Capital Fund – we couldn't be more excited to share the news."
More on Rezul News
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
Astor Capital Fund is an institutional and ultra-high net worth asset management firm. We specialize in providing independent financial advice and investment management services to a wide array of institutional clients including family offices, foundations, official institutions, municipalities, endowments, and pension funds. We believe that supreme excellence lies in simplicity and efficiency therefore, in our investment strategies we utilize a straightforward and an uncomplicated approach. With this principle as a leading guide, we help institutions create the best possible decision-making framework through intelligent portfolio design and investment policy guidance.
Contact the Astor Capital Fund
Source: Astor Capital Fund Ltd
Filed Under: Business, Investment
0 Comments
Latest on Rezul News
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- Dedeaux Properties Begins Construction on Truck Terminal and Industrial Outdoor Storage Facility
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- Paulding County's Old Mill Preserve Now Open to the Public in Georgia
- Kramer Real Estate: The Boutique Brokerage Quietly Taking Over North Texas
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Salazar Heating, Cooling & Plumbing Launches Water Conservation Initiative to Help Santa Fe Homeowners Cut Water Waste
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Winners Development Corporation Pioneers Skyscraper In South Dallas
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings