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Aabar faces cost jump for loan refinancing dealAbu Dhabi state fund Aabar Investments, weakened by a slump at key assets, faces a near doubling in borrowing costs as it closes in on a refinancing package to repay a $2 billion loan due in May, banking sources said. The fund, th More… |
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Arabtec to buy rest of Target EngineeringDubai-based builder Arabtec will buy the 40-percent stake in Target Engineering it does not already own to expand its move into the oil and gas construction business, two sources with knowledge of the deal said. &n More… |
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Arabtec eyes growth with capital raise; shares slumpDubai builder Arabtec, which underwent a major management shakeup last week, said it will rely on the reputation of its biggest shareholder and proceeds from a planned $1.8 billion capital raise to grow its business. The assurance More… |
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Aabar eyes $2bn loan refinancingAbu Dhabi's Aabar Investments has begun talks with lenders about refinancing a $2 billion loan due to mature in May, three banking sources told Reuters on Thursday. The firm, which owns a stake in commodities trader Glencore a More… |
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Aabar stake buy: Daimler in control of F1 teamGerman luxury carmaker Daimler has taken full control of the Mercedes Formula One motor racing team after buying a 40 percent stake owned by Abu Dhabi sovereign wealth fund Aabar Investments. In More… |
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Some senior executives leave Aabar: ReportAbu Dhabi's Aabar Investments, the top shareholder in Italian bank UniCredit, has lost its chief financial officer and another top executive, sources familiar with the matter said. The move More… |
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Derivatives 'led to Aabar ditching Daimler stake'Aabar's disposal of its stake in Daimler earlier this month was triggered by a failed derivatives deal underpinning the Abu Dhabi investment firm's purchase of the shares, sources familiar with the matter said. More… |
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Abu Dhabi's Aabar sells stake in DaimlerAbu Dhabi's sovereign wealth fund Aabar sold its remaining 3.07 percent stake in Daimler worth about 1.25 billion euros ($1.6 billion) on October 5, the German carmaker said in a regulatory filing. More… |
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Abu Dhabi 'exiting investment in Daimler'Abu Dhabi is exiting its investment in German carmaker Daimler, a German magazine reported, citing unidentified people within Daimler. Abu Dhabi's sovereign wealth fund Aabar is transferring More… |
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Omani lender Al Izz launches IPOAl Izz Islamic Bank, the second sharia-compliant lender being formed in Oman, has launched its initial public offering (IPO) offering a total of 400 million shares at a fixed offer price of 102 bizas. The IPO is being lead managed More… |
