GCC
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Real estate investor owned by Saudi wealth fund prices oversubscribed capital increase -
The property company drew a book over four times the issue size
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Abu Dhabi real estate firm has crunched pricing by 25bp so far
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Books hit over $27bn as investors rushed in to put their money to work
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The real estate company will have to offer a chunky premium to other recent issuers from Abu Dhabi
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IPO of Abu Dhabi state oil division set to raise more than $600m
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2023 has been a slow year for Saudi Arabia's IPO market
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High liquidity in Gulf means more sukuk during May and June
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The trades drew big order books and each issuer was able to crunch pricing by tens of basis points
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Abu Dhabi's state oil company's privatisation drive continues with its logistics division
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After a blowout 2022, the pace of issuance in Saudi equity capital markets has slowed this year
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More Gulf issuers readying deals for after Eid
