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Companies & Markets

Markets news

Abu Dhabi

Abu Dhabi Global Market sets up expert panel Subscription

10 December 2014 | By

Emirate’s new financial free zone to develop new regulation

 given the rising volumes of passengers travelling on the Dubai Metro, the region is beginning to establish a track record that lenders and bankers could use to predict whether project finance debts can be repaid

The Middle East in 2030

10 December 2014 | By

Take part in MEED’s survey to identify the key trends that will shape the Middle East economy in 2030

Dubai Parks & Resorts set to list on Dubai Financial Market

Dubai Parks & Resorts set to list on DFM Subscription

10 December 2014 | By

Initial public offering worth $681m was oversubscribed

Biscuits

Abraaj and Kellogg battle for Egypt’s Bisco Misr Subscription

10 December 2014 | By

Extended offer period granted to Abraaj

More should be done in the region to improve accessibility to financial services and the capital markets

Arab Monetary Fund calls for more regulation Subscription

26 November 2014 | By

Chairman says more work needed on transparency in region’s exchanges

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

Company news

Qatari developer Ezdan has agreed to increase the company’s foreign ownership limit from 25 per cent to 49 per cent

Qatar's Ezdan to increase foreign ownership Subscription

18 December 2014 | By

Qatari Emir calls for more foreign ownership in local listed companies to boost market

CI Capital, one of the largest private investment banks in Egypt, is aiming to reach first close on a $300m joint private equity fund

CI Capital to close private equity fund Subscription

18 December 2014 | By

Egyptian private investment bank targeting consumer industries

Abraaj partially divests stake in Integrated Diagnostics Holdings

Abraaj reduces stake in Integrated Diagnostics Subscription

17 December 2014 | By

Stake sold to emerging market investor Actis

Agrium blacklisted for Western Sahara activities

Agrium blacklisted for Western Sahara activities Subscription

16 December 2014 | By

Swedish government fund excludes the fertiliser company from its portfolio

Yas Mall

Aldar Properties upgraded to investment grade Subscription

16 December 2014 | By

Abu Dhabi firm’s financial profile strengthens says Standard & Poor’s

Al-Alfia Holding invests in Spanish construction group

Al-Alfia Holding invests in Spanish construction group Subscription

15 December 2014 | By

Qatari conglomerate acquires 25 per cent stake in Ecisa Compania General de Construcciones

Mohamed Alabbar, chairman of Emaar Properties

Emaar to distribute special dividend Subscription

15 December 2014 | By

Shareholders to receive $2.45bn on 23 December

Boeing 787 Dreamliner

Strata plans second plant in Al-Ain

8 December 2014 | By

Aerospace manufacturer to manufacture more Boeing parts

Markets trends

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

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

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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 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

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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