Astor Capital Fund in Rumored Talks to Explore a $5 Billion Bank Merger with Saudi Alinma Bank
ncarol.com/10030303

NEW YORK - ncarol.com -- 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 7^th, 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 ncarol.com

• March Is Skiing's Smartest Buying Window
• Zeo Health Introduces KidZ Cleanse with Folinic Acid
• Cancun Airport Transportation Expands Fleet Ahead of Record Passenger Growth at Cancun International Airport
• Tobu Group's "T-home Series" of Accommodations in Tokyo Just Opened "T-home KEI."
• Custom Wooden Token Manufacturer Celebrates 10 Years of Helping Brands Stay Top of Mind

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 ncarol.com

• NaturismRE Launches the NRE Health Institute to Advance Evidence-Informed Public Health Research
• P-Wave Classics to publish Robert Bage's Hermsprong in three volumes, beginning 12 May
• Ease Auto Group Inc. & Ease Fleet Repair Service Celebrate Grand Opening Charlotte, North Carolina
• Progressive Dental & The Closing Institute Partner with Zest Dental Solutions to Elevate Full-Arch Growth and Patient Outcomes
• CCHR: While Damaging Antipsychotics Win Approval, Proven Non-Drug Alternatives Remain Ignored

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