Standard Chartered's abrupt move to shut its global equities business last week could be a prelude to the lender selling off stakes in a number of Asian banks as it looks to boost capital, people familiar with the lender's thinking said.
UAE-based Massar Solutions, a market leader in fleet solutions, plans to sell 240 million shares in the company, amounting to 40 per cent of the share capital and to apply for listing of shares on Abu Dhabi Securities Exchange (ADX).
Oman will begin the sale of a 19 percent stake in its former telecommunications monopoly Omantel next week, according to a report on state news agency ONA, which quoted a government official.
The government will offload 142.5 mill
UK’s Ashmore Group is engaged in discussions to offload its majority stake in a Saudi waste management firm, two sources aware of the plan said, with a sale likely seen raising about $250-$350 million for the fund manager.
GEMS Education, a Dubai-based schools operator, is seeking to raise about $500 million to fund growth by selling a stake of up to 20 percent in the privately owned company, its chairman said on Monday.
GEMS, which employs about 11
Vivendi agreed to sell most of its stake in Activision Blizzard, the world's largest videogames publisher, for $8.2 billion on Friday, paving the way for a broader split of the French conglomerate's media and telecoms assets.
Etisalat, the Gulf's biggest telecommunications operator, has entered exclusive talks with Vivendi to buy the French firm's 53 percent stake in Maroc Telecom for 4.2 billion euros ($5.54 billion), it said on Tuesday.
Abu Dhabi-based Mubadala Petroleum has announced the sale of its 51 per cent interest in Petrofac Emirates to Nama Project Services, an affiliate of energy group Nama Development Enterprises, for an undisclosed sum.
HSBC Holdings said on Tuesday it is considering selling its majority stake in Dar Es Salaam Investment Bank, which has made it the main international lender in Iraq.
There has been speculation in the Iraqi banking market about the