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Companies & Markets

Markets news

EGX30

Egypt needs more corporate bond issuance Subscription

3 March 2015 | By

EFSA chairman says new projects could tap bond market

Rakbank

Rakbank raises additional bond funding Subscription

24 February 2015 | By

 A further $300m raised under scheme

Markets

OCI to complete demerger in March Subscription

16 February 2015 | By

Orascom Construction to list in Dubai and Egypt

Gulf IPO volumes 2014

Market cautious about Gulf IPO pipeline Subscription

9 February 2015 | By

Saudi Arabia and Egypt strongest growth markets

Abu Dhabi

Gulf Capital IPO still possible in long term Subscription

9 February 2015 | By

Debt markets currently more attractive than equities, says CEO

Tokyo, Japan

Gulf institutional funds turn to Asian equity markets Subscription

9 February 2015 | By

Gulf investors say European equity markets have proved ‘disappointing’

Stock market

Gulf Capital closes AED850m loan Subscription

4 February 2015 | By

Asset manager opted for debt rather than equity markets

Abu Dhabi

Massar confirms postponement of IPO Subscription

3 February 2015 | By

Oil price volatility causes delay for Abu Dhabi company

Company news

Emaar Properties

Emaar Properties’ outlook upgraded to positive Subscription

26 February 2015 | By

Moody’s affirms Emaar Properties’ Ba1 rating

Mining

Maaden revenues close in on $3bn in 2014 Subscription

25 February 2015 | By

Mining company developing programmes in Northern and Eastern parts of kingdom

Hospital

NMC Health profits rise for 2014 Subscription

24 February 2015 | By

UAE healthcare firm raised $825m loan in mid-February

Bahrain-based Ahli United Bank has posted a 31.7 per cent increase in profit

Ahli United Bank reports 31 per cent profit hike Subscription

24 February 2015 | By

Bahrain bank posts profits of $482m

Banking

Noor Trade to open more Dubai branches Subscription

24 February 2015 | By

SME market getting more competitive, bank says

Cairo

Egypt’s Qalaa Holdings wins approval for capital increase Subscription

22 February 2015 | By

Investment firm readies for Egyptian economic rebound

Noor Bank to lend $1.4bn to small businesses in the UAE

Noor Bank expands SME business Subscription

22 February 2015 | By

Lending target set for 2018

A380

Emirates to raise $1bn sukuk Subscription

22 February 2015 | By

Airline to use funds for aircraft orders

Markets trends

Masi Flottant Index

Morocco’s illiquid market Subscription

4 December 2014 | By

Casablanca is trying to inject some much-needed life into its underperforming stock exchange, burdened by downgrades and disillusioned investors

Dubai financial markets performance

Investor appetite for Emaar places pressure on DFM Subscription

8 September 2014 | By

Success of Emaar’s mall group listing could herald growth for initial public offerings

Value and number of GCC IPOs

Gulf sees listings spike in second quarter Subscription

14 August 2014 | By

Number of initial public offerings in the Gulf rise in second quarter

Investment grade bond debt maturities by country

The Middle East’s refinancing burden Subscription

23 July 2014 | By

Region’s investment grade companies need to refinance $91bn-worth of debt by 2018

Stock market

Market reacts to Saudi decision to open up stock market Subscription

23 July 2014 | By

The opening of the Tadawul to foreign investors is widely welcomed by market

Qatar drives mergers and acquisitions

Qatar drives Middle East mergers and acquisitions Subscription

16 July 2014 | By

Value of deals in the second quarter highest since start of 2011

Dubai Multi-Commodities Centre

DMCC fuels commodity flows through Dubai Subscription

8 July 2014 | By

Dubai’s diamond and gold trade soars

Markets

Market regulators must toughen up Subscription

3 July 2014 | By

The sharp fall in UAE contractor Arabtec’s share price has led to calls for tougher regulation

Filter all markets analysis by country

MEED comment

Abu Dhabi Securities Exchange

ADX must attract more foreign investors

27 January 2015 | By

Abu Dhabi Securities Exchange must lure oversees investers to ensure market stability

Dubai Financial Market

Investors eager for Dubai flotations Subscription

13 November 2014 | By

Meraas is listing its theme park subsidiary to help fund projects

Dubai Financial Market

Exchanges vie for African company listings Subscription

6 October 2014 | By

Dubai and London bourses compete for North African business

Bahrain Financial Harbour

GCC states diversify their funding options Subscription

11 September 2014 | By

Bahrain and Sharjah look for new investors

Emaar Malls Group's Dubai Marina Mall

Mixed reaction to Emaar Malls Group listing Subscription

1 September 2014 | By

Emaar Malls Group intial public offering sets benchmark for Dubai’s capital markets

Dubai Mall

Emaar’s position stays uncertain Subscription

7 August 2014

Analysts remain unsure about the firm’s strategy along with worries about Dubai’s property sector

Riyadh

Tadawul access a positive sign Subscription

24 July 2014 | By

The region is set to become more appealing to international entities as Riyadh opens up its stock exchange to foreign investors

Riyadh

Foreign access to Tadawul positive for region Subscription

22 July 2014 | By

Gulf region will become more appealing to international investors

See all MEED commentary

Special reports

Market

MEED 100: The region's largest listed companies Subscription

27 March 2014

The financial services sector remains the dominant force in the MEED 100 table, with Saudi banks comprising the bulk of firms in the sector

Sea all companies & markets special reports

Top 10 listed companies

Rank Company Exchange (primary listing) Sector Market capitalisation ($m)
1 Saudi Basic Industries Corporation (Sabic) Tadawul Petrochemicals 73,394
2 Al-Rajhi Bank & Investment Company Tadawul Financial services 27,398
3 Industries Qatar Doha Industry 25,714
4 Qatar National Bank Doha Financial services 24,891
5 Etisalat Abu Dhabi Telecoms 21,956
6 Saudi Telecom Company Tadawul Telecoms 21,332
7 Kingdom Holding Company Tadawul Financial services 19,911
8 National Bank of Kuwait Kuwait Financial services 15,381
9 Etihad Etisalat Company (Mobily) Tadawul Telecoms 15,245
10 Saudi Electricity Company Tadawul Utilities 15,165
Click through to the full data table on the top 100 companies by market capitalisation in the Middle East
Click through to MEED's special report on the region's largest listed companies
Source: Thomson Reuters; Rabee Securities; Tehran Stock Exchange; MEED; Data compiled: March 2013

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Rebecca Spong
Finance and Banking Editor


Phone: +971 (0)4 818 0255
Email: rebecca.spong@meed.com

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