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Companies & Markets

Markets news

NCB is pushing forward with plans to list on the Tadawul, despite criticism from some Islamic clerics

Saudi Arabia’s NCB pursues listing in face of criticism Subscription

19 October 2014 | By

Bank says initial public offering is sharia-compliant

Biggest sukuk issuers

Gulf sukuk pipeline remains healthy says S&P Subscription

14 October 2014 | By

Market buoyed by sovereign and financial institution issuance

National Commercial Bank IPO to boost Saudi Stock Exchange

National Commercial Bank IPO to boost Tadawul Subscription

9 October 2014 | By

Predicted increase in offerings in coming year

London Stock Exchange

VTB Capital expecting to close Qatar finance deal shortly Subscription

2 October 2014 | By

Transaction follows Qatar Holding’s purchase of an equity stake in parent VTB Group

Dubai Financial Market DFM at night

Ghana’s RLG Communications considers listing in Dubai Subscription

2 October 2014 | By

Dual listing in Ghana and Dubai possible within four years

Angola

North Africa yields attractive to investors Subscription

2 October 2014 | By

Low interest rates driving investors to broaden search for higher yields

National Bank of Oman concludes bond investor roadshow

National Bank of Oman concludes bond investor roadshow Subscription

30 September 2014 | By

Lender planning $500m-plus bond issuance

DIFC

Emirates NBD becomes largest issuer on Nasdaq Dubai Subscription

29 September 2014 | By

Bank has three bonds listed on exchange

Company news

Stock market

Mezzan aims for listing on Kuwait exchange Subscription

21 October 2014 | By

Offering pends approval from regulators

Jeddah-headquartered asset manager Sedco Capital is looking to increase the distribution of its sharia-compliant funds outside its client base in Saudi Arabia

Sedco Capital looks for clients outside Saudi Arabia Subscription

21 October 2014 | By

Saudi firm targets ethically focused investors

Healthcare and education start-up Amanat Holdings has launched the subscription period for its IPO on Dubai's financial exchange

Amanat launches IPO subscription in Dubai Subscription

20 October 2014 | By

Company aims to be region’s largest healthcare and education entity

The developers of Israel’s offshore Tamar gas field have signed a memorandum of understanding agreeing to sell Egypt’s Dolphinus Holdings as much as 2.5 billion cubic metres of gas

Agreement signed on Israeli gas exports to Egypt Subscription

20 October 2014 | By

Tamar field partners agree to sell at least 2.5 billion cubic metres of gas to Egypt over three years

Qatar Investment Authority has purchased a stake in Hong Kong-based department store operator Lifestyle International Holdings

Qatar Investment Authority makes Hong Kong investment Subscription

20 October 2014 | By

Asia markets hold potential for sovereign wealth fund

Saudi British Bank profits increase in third quarter

Saudi British Bank profits increase in third quarter Subscription

19 October 2014 | By

Results reflect wider banking sector growth

Algeria

Algeria sets 2022 shale target Subscription

13 October 2014 | By

Sonatrach plans to produce unconventional gas within eight years

Qatar National Bank reports increase in net profits

Qatar National Bank reports increase in net profits Subscription

13 October 2014 | By

Lender’s assets rise to new high

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

Filter all markets analysis by country

MEED comment

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

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

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

UAE: Greater transparency needed in capital markets

UAE regulator under pressure Subscription

3 July 2014 | By

The dramatic slump in Arabtec Holding’s share price shows more action is needed to tackle suspicious behaviour on the stock markets

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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