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Companies & Markets

Markets news

FlyDubai raises debut sukuk

Flydubai raises debut sukuk Subscription

20 November 2014 | By

Islamic bonds becoming more attractive funding option in UAE

Bahrain’s sovereign wealth fund Mumtalakat has raised a $600m seven-year sukuk (Islamic bond)

Mumtalakat launches first US dollar sukuk Subscription

20 November 2014 | By

Bahraini sovereign wealth fund last tapped US dollar debt capital markets in 2010

Theme park

Dubai Parks and Resorts launches initial public offering Subscription

17 November 2014 | By

Offering to support new theme parks in emirate

GCC IPO market

Dubai turns to IPO market to fund infrastructure plans Subscription

13 November 2014 | By

Dubai Parks & Resorts to float on DFM to fund theme park construction

Saudi Arabia readies for next flotation

Saudi Arabia readies for next flotation Subscription

11 November 2014 | By

Electrical Industries Company looking to raise $194m with initial public offering

Dubai Financial Centre

Oversubscribed Amanat IPO dominated by UAE investors Subscription

9 November 2014 | By

Start-up company eyes possible first acquisition in early 2015

Sukuk issuances 2014

DIFC Investments secures competitively priced sukuk Subscription

6 November 2014 | By

First issuance for company since 2007

National Commercial Bank

NCB’s IPO sets new standard for Saudi Arabia Subscription

4 November 2014 | By

Offering is region’s largest to date

Company news

UAE-based private equity firm Abraaj Capital has secured regulatory approval to acquire a stake in Egyptian food producer Bisco Misr

Abraaj Capital wins approval for Bisco Misr deal Subscription

20 November 2014 | By

UAE private equity firm pushes ahead with acquisition plans

Air Arabia raises Islamic loan to fund new aircraft

Air Arabia raises Islamic loan to fund new aircraft Subscription

19 November 2014 | By

$230m deal arranged by Dubai Islamic Bank

Mining

Maaden launches $1.5bn rights issue Subscription

18 November 2014 | By

Proceeds will support phosphate mining project

Local developer Nakheel and Souk Residences have reached an agreement over their Palm Jumeirah Golden Mile dispute

Nakheel and Souk Residences reach agreement Subscription

17 November 2014 | By

UAE developer will assume ownership of unsold units on Golden Mile in Palm Jumeirah

Kuwait plans public offerings for Dow Chemical shares

Kuwait plans public offerings for shares sold by Dow Subscription

17 November 2014 | By

Announcement comes as US firm plans to reduce equity position in Kuwaiti joint ventures

DP World

DP World to acquire Jebel Ali Freezone Subscription

16 November 2014 | By

Port operator will also delist from London Stock Exchange

Dana Gas signed revenue-generating agreements with Cairo and Erbil

Dana Gas reports 36 per cent rise in third-quarter profit Subscription

12 November 2014 | By

Sharjah-based company signed revenue-generating agreements with Cairo and Erbil

NBF net profit

UAE infrastructure boom boosts equipment finance demand Subscription

12 November 2014 | By

National Bank of Fujairah CEO eyes opportunities  

Markets trends

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

Regional investment in global commercial real estate

Middle Eastern investors spent $13bn on real estate abroad in 2013 Subscription

17 June 2014 | By

Around $180bn in investments expected over the next ten years

GCC stock market performance

UAE and Qatar stocks rise to recover mid-May losses Subscription

28 May 2014 | By

Investors took advantage of cheaper buying opportunities

Risk: While the UAE and Qatar markets could become more volatile, some investors may be willing to take on the risk

Promoted status moves markets Subscription

22 May 2014 | By

The Qatar and UAE upgrades to emerging market status have triggered a wave of increased volatility

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MEED comment

Dubai Financial Market

Investors eager for Dubai flotations

13 November 2014 | By

Meraas is listing its theme park subsidiary to help fund projects

Dubai Financial Market

Exchanges vie for African company listings

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

Markets

Project finance dip no cause for worry Subscription

10 July 2014 | By

While there may be a decline in project finance volumes in 2014, next year promises to be lucrative

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

Meet the analyst


Rebecca Spong
Finance and Banking Editor


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

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