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Capital Markets

Capital 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

Mining

Maaden launches $1.5bn rights issue Subscription

18 November 2014 | By

Proceeds will support phosphate mining project

Theme park

Dubai Parks and Resorts launches initial public offering Subscription

17 November 2014 | By

Offering to support new theme parks in emirate

Construction

Drake and Scull issues five-year sukuk Subscription

16 November 2014 | By

Issuance launched under Nasdaq Dubai’s murabaha platform

DP World

DP World to acquire Jebel Ali Freezone Subscription

16 November 2014 | By

Port operator will also delist from London Stock Exchange

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

Legoland theme park will be coming to the Middle East along with Hollywood and Bollywood theme parks

Dubai Parks and Resorts to launch IPO Subscription

11 November 2014 | By

Theme park company is a subsidiary of Meeras Holding

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

IPOs

Mergers & Acquisitions

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

Saudi-based CPC acquires Egyptian glass producer for $180m Subscription

30 June 2014 | By

Firm sees growing demand for building materials and glass in Egypt and Africa

Samena Capital acquires stake in RAK Ceramics Subscription

16 June 2014 | By

Ruling family of Ras al-Khaimah will maintain a significant holding in the firm

Sipchem and Sahara postpone $5.8bn merger Subscription

9 June 2014 | By

New company not workable under current regulatory framework in Saudi Arabia

Dubai sells German industrial packaging group for $1.7bn Subscription

13 May 2014 | By

Agreement marks one of Dubai’s largest asset sales so far

Capital markets trends

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

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

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

Recovery

The growing appetite for bonds Subscription

10 April 2014 | By

Increased corporate activity spurred by strong economic growth is helping to expand the market

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

Special reports

Kuwait

Kuwait stock exchange in need of reforms

15 October 2014

The bourse needs new regulations that will make it more appealing to investors

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

Biographies

Nomaan Raja Subscription

27 July 2014

Nomaan Raja is partner in Dubai at Latham & Watkins

Andrew Tarbuck Subscription

20 July 2014

Andrew Tarbuck is partner in Dubai at Latham & Watkins

Andrew Macklin Subscription

20 July 2014

Andrew Macklin is partner in Doha at Latham & Watkins

Sami al-Louzi Subscription

20 July 2014

Sami al-Louzi is partner in Riyadh and Dubai at Latham & Watkins

Charles Fuller Subscription

20 July 2014

Charles Fuller is partner in Dubai at Latham & Watkins

Christopher Lester Subscription

20 July 2014

Christopher Lester is counsel at Latham & Watkins in Abu Dhabi

Meet the analyst


Rebecca Spong
Finance and Banking Editor


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

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GCC stock exchanges

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