GCC
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Saudi Telecom is spinning off its internet services division in what could be one of the biggest Saudi Arabian listings since Aramco's world record deal -
Middle East loans bankers pin hopes on second half of year, as data shows number of signed deals continuing to decline
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Saudi Arabia is expected to keep emerging market investors occupied in the second half of the year due to a burgeoning pipeline of IPOs, following strong performance of Saudi equities in 2021 so far.
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First Abu Dhabi Bank has sold its inaugural bond linked to the secured overnight financing rate (Sofr), becoming the first borrower in the United Arab Emirates to do so.
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ING has promoted Sebastian Frederiks to become head of wholesale banking for the Middle East.
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A bulging pipeline of business is livening up the UAE’s formerly sleepy equity capital markets, after a series of eye-catching transactions in recent weeks following the biggest IPO in the area for almost three years.
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Arabian Centres, the Saudi Arabia shopping centre operator, is set to tap its dollar sukuk. The recent drop in US rates, combined with the anticipation of rising rates later in the year, has provided impetus for emerging market issuers to enter markets.
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Qatar National Bank Group has opened a Hong Kong branch in a move to further expand its global presence.
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Banks wrapped up the $730m-equivalent IPO of Abu Dhabi satellite company Yahsat on Thursday with high levels of demand, particularly from local investors.
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The IPO of Al Yah Satellite Communications Co, the Abu Dhabi satellite company, is covered throughout the initial price range, on a 30% deal size, according to sources close to the deal.
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The Emirate of Sharjah is returning to the international bond market just months after its last visit, but this time marketing a sukuk that will place it among the ranks of major emerging market issuers — both sovereign and corporate — to have raised cash at competitive levels recently with the Sharia-compliant instrument.
