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Companies & Markets

Markets news

Oman investment merger approved

Oman investment merger approved Subscription

2 June 2015 | By

Move targeting better balance sheets and cashflow

Dubai Financial Market

Drake & Scull considers sukuk Subscription

2 June 2015 | By

Contractor may issue sukuk if market conditions suitable

Jordan to issue $1.5bn in bonds

Jordan to issue $1.5bn in bonds Subscription

1 June 2015 | By

US backing will lower interest rates

Egyptian Exchange

Egypt relaxes IPO regulations Subscription

31 May 2015 | By

Free float requirement lowered

Power

Oman transmission company raises $1bn Subscription

31 May 2015 | By

First international rated corporate bond from Oman

Amlak Finance shares to restart trading

Amlak Finance shares to restart trading Subscription

26 May 2015 | By

Troubled mortgage provider completes restructuring

The Tahrir petrochemicals complex has a total budget of $7bn

Egypt's Carbon Holdings takes first step to IPO Subscription

26 May 2015 | By

Petrochemicals firm securing financing from Abu Dhabi’s Gulf Capital

Egypt secures upgrade from Moody’s

Egyptian developer Palm Hills raises funds Subscription

26 May 2015 | By

The firm completes $213m share sale

Company news

Enoc completes new lubricants and greases plant

Enoc completes new lubricants and greases plant Subscription

2 June 2015 | By

Blending facility in Jebel Ali, Dubai, complements existing operation in Fujairah

Dana Gas signs Egypt deal with BP

Dana Gas signs Egypt deal with BP Subscription

2 June 2015 | By

Agreement will see drilling start in El-Matariya in first quarter of 2016

Oil tanker terminal

Saudi Arabia's Bahri confirms $1bn tanker order Subscription

1 June 2015 | By

Hyundai Samho Heavy Industries (HSHI) wins contract for five very large crude carriers

Oil rig

Aramco agrees rig discount Subscription

1 June 2015 | By

Asia Offshore Drilling agrees to reduce price for three jack-up rigs

Egyptian freight firm acquired by Swiss partner

Egyptian freight firm acquired by Swiss partner Subscription

31 May 2015 | By

Logistics firm agrees 100 per cent sale

Aviation

Etihad Airways posts record profits Subscription

31 May 2015 | By

Abu Dhabi carrier may sell Aer Lingus stake

Onshore field

Topaz Marine secures financing Subscription

31 May 2015 | By

Oilfield services firm announces Islamic and conventional multi-tranche facility

The Tahrir petrochemicals complex has a total budget of $7bn

Carbon Holdings plans IPO Subscription

25 May 2015 | By

Company will be floated on Cairo stock exchange within 36 months

Markets trends

Masi Flottant Index

Morocco’s illiquid market Subscription

4 December 2014 | By Dominic Dudley

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

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MEED comment

To control its spiralling costs and return to profitability, Arabtec will need the best people

People are the problem for Arabtec Subscription

21 April 2015 | By

Board and senior management changes take their toll on Dubai contractor

Abu Dhabi Securities Exchange

ADX must attract more foreign investors Subscription

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

See all MEED commentary

Special reports

Stock market

MEED 100: The region's largest listed companies Subscription

25 March 2015

There have been a few big new entries

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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