Dubai Parks and Resorts, a subsidiary of top real estate investment company Meraas Holding, has launched its initial public offering (IPO) on the Dubai Financial Market with a total offer size of approximately Dh2.5 billion ($684 million).
The retail portion of the SR22.5 billion ($6 billion) initial share sale by Saudi Arabia's National Commercial Bank (NCB) was 16 times subscribed late on the final day of the offer, the bank said on Sunday.
As of eight o'c
Qatar Telecom (Qtel) will raise its 53.9 percent stake in subsidiary Asiacell as part of the Iraqi firm's $1.35 billion share sale, the largest ever stock listing on the Baghdad bourse, an exchange official said on Thursday.
Kingdom Holding Company (KHC), the investment firm of Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, said it has successfully taken over Kingdom Hotel Investments (KHI) after 94 per cent shareholders accepted its $5 per share offer.
Dubai Financial Group (DFG), a global financial services company, has refused an offer to buy preference shares in Malaysia's Bank Islam, in which it holds a 40 per cent stake, the Malaysian lender said on Thursday.
Bank Islam, which is Ma