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Capital Markets

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Capital markets news

Dubai issues 15-year sukuk Subscription

24 April 2014, 12:28 GMT | By

Issuance sets new benchmark for long-term financing in emirate

Taqa plans to issue bond of at least $500m Subscription

23 April 2014, 8:50 GMT | By

Issue is part of refinancing of $1.2bn bond maturing in September

Deyaar Development raises foreign ownership Subscription

21 April 2014, 8:49 GMT | By

Developer has received approval to raise limit to 25 per cent

Taqa raises Samurai loan to refinance bond Subscription

17 April 2014, 12:50 GMT | By

Abu Dhabi firm Taqa taps new source of liquidity

Dubai Islamic Bank raises foreign ownership limit Subscription

16 April 2014, 8:18 GMT | By

Higher limit means DIB is likely to be included in emerging markets index

Qatar First Bank upbeat on Qatar Exchange Subscription

15 April 2014, 5:27 GMT | By

Qatar First Bank eyes listing but awaits regulatory approval

Up to 27 stocks could be included in emerging markets index Subscription

14 April 2014, 10:54 GMT | By

Inclusion of more stocks will drive higher weightings for UAE and Qatar

Qatar bank gets approval to increase foreign ownership Subscription

14 April 2014, 8:14 GMT | By

Foreign investors will now be able to hold 25 per cent of Commercial Bank of Qatar’s equity

Saudi Arabia changes Tadawul closing price calculation method Subscription

14 April 2014, 8:11 GMT | By

Move will make market less vulnerable to speculation

Shuaa Capital posts first-quarter profit increase Subscription

13 April 2014, 13:27 GMT | By

UAE investment bank Shuaa Capital’s success driven by capital markets growth

IPOs

Omantel to start trading on stock exchange Subscription

24 April 2014, 7:42 GMT | By

Government has concluded 19 per cent stake sale, raising $529m

Saudi’s Acwa signs co-investment deal with Apicorp Subscription

22 April 2014, 8:47 GMT | By

Agreement will boost Acwa’s ability to fund new projects

Qatar First Bank upbeat on Qatar Exchange Subscription

15 April 2014, 5:27 GMT | By

Qatar First Bank eyes listing but awaits regulatory approval

UAE retailer Marka opens initial public offering Subscription

13 April 2014, 10:08 GMT | By

Marka’s subscription opening marks the first Dubai initial public offering by a greenfield company since 2008

Dubai receives bids for double-decking of Sheikh Zayed Road Subscription

8 April 2014, 13:33 GMT | By

Sheikh Zayed Road double-decking project is one of the most ambitious in the emirate

Umm al-Qura Cement receives regulatory approval for listing Subscription

7 April 2014, 8:54 GMT | By

Demand for cement in Saudi Arabia expected to rise in second quarter

Emirates REIT raises $175m through public share offering Subscription

3 April 2014, 12:10 GMT | By

Sharia-compliant trust Emirates REIT has a market capitalisation of $381.2m

Oman launches second phase of Omantel stake sale Subscription

31 March 2014, 13:37 GMT | By

Government selling 19 per cent stake in telecoms operator, reducing shareholding to 51 per cent

Mergers & Acquisitions

Lafarge and Holcim agree merger Subscription

9 April 2014, 8:06 GMT | By

Deal will create the world’s biggest cement producer

UAE completes aluminium merger Subscription

8 April 2014, 7:19 GMT | By

New company Emirates Global Aluminium becomes world’s fifth-largest producer

Abu Dhabi Islamic Bank to acquire Barclays’ UAE retail banking unit Subscription

6 April 2014, 9:04 GMT | By

Lender will receive 110,000 customers under the $177m deal

Acwa Power increases stake in Shuqaiq utility company Subscription

2 April 2014, 14:52 GMT | By

Saudi developer now holds 40 per cent share in power project company

Parsons International acquires Canada’s Delcan Subscription

2 April 2014, 11:38 GMT | By

New acquisition aimed at expanding US firm’s footprint in transportation market

Etihad Airways takes 49 per cent stake in Air Serbia Subscription

27 March 2014, 13:52 GMT | By

UAE carrier Etihad Airways in discussions with other European airlines

Gulf Capital plans to sell full stake in Gulf Marine Services Subscription

26 March 2014, 13:07 GMT | By

Oil services business set to soon be included in FTSE 250 index

Western firms look to acquire Saudi counterparts Subscription

12 March 2014, 7:17 GMT | By

Investment bank EFG Hermes sees higher mergers and acquisitions activity in Saudi, the UAE and Egypt

Capital markets trends

Monthly performance of the Tadawul

Saudi stock exchange rises after Kerry visit Subscription

7 November 2013, 5:25 GMT | By

Tadawul increases after US says ties with Saudi Arabia are ‘enduring’

Benefit: Regional companies are increasingly being drawn to the London Stock Exchange as it offers  exposure to international investors

Firms try luck on London bourse Subscription

26 September 2013, 12:24 GMT

More companies are planning to float shares on the exchange and tap into larger pools of liquidity

MEED comment

Markets and bonds

Bonds market gains maturity

10 April 2014, 15:39 GMT

An increasingly diverse base of issuers, driven by strong economic growth is helping to deepen the region’s capital markets

Stocks: 2014 could see a steady stream of offerings

High hopes for new UAE listings

27 February 2014, 14:27 GMT | By

The UAE’s stock markets are in dire need of successful initial public offerings to increase liquidity and offer diversification

Arab traders in a stock exchange

Slower growth forecast for UAE stock markets in 2014 Subscription

6 January 2014, 8:09 GMT | By

Real economic growth crucial to bring markets to new heights

Boost: Region's bourses show a return of confidence

Exchanges reflect economic growth Subscription

12 December 2013, 15:00 GMT

Apart from Iraq, all exchanges in the Middle East registered increases of at least 15 per cent over the year

Caution

Damac listing reflects UAE property caution Subscription

3 December 2013, 12:10 GMT | By

Developer had to settle for a share price at the bottom of the range

London Stock Exchange

Damac's planned listing could set precedent for local developers Subscription

5 November 2013, 11:56 GMT | By

First time UAE property developer eyes London bourse listing

Special reports

Market

MEED 100: The region's largest listed companies

27 March 2014, 15:15 GMT

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

Yazid Benmouhoub Subscription

22 October 2013, 10:18 GMT

Yazid Benmouhoub is CEO, Societe de Gestion de la Bourse et des Valeurs Mobilieres

Abdelhakim Berrah Subscription

22 October 2013, 10:11 GMT

Abdelhakim Berrah is president, Commission d’Organisation et de Surveillance des Operations de Bourse

Mohsin Mujtaba Subscription

22 October 2012, 13:45 GMT

Mohsin Mujtaba is director, products and market development, Qatar Exchange

Alex Carre de Malberg Subscription

22 October 2012, 13:37 GMT

Alex Carre de Malberg is Executive general manager and global head, Commercialbank Capital

Salman al-Mohannadi Subscription

22 October 2012, 13:11 GMT

Salman al-Mohannadi is CEO, QNB Capital

Nasser Ahmed al-Shaibi Subscription

22 October 2012, 13:00 GMT

Nasser Ahmed al-Shaibi is CEO, Qatar Financial Market Authority 

Meet the analyst


Melissa Song Loong
Companies & Markets Editor

Follow Melissa on Twitter
Phone: +971 (0)4 818 0250
Email: Melissa.SongLoong@meed.com

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