Saturday 29 November 2014
 
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Qalaa to issue $560m shares by May for restructuring

Egypt's Qalaa Holding will issue shares worth four billion Egyptian pounds ($560 million) by May next year to advance a major restructuring of the loss-making investment fund, a company official said. Qalaa, one of Egypt's

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Kuwait to sell Dow Chemical's petchem venture shares to public

Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which US petrochemicals giant Dow Chemical plans to sell off, state news agency Kuna quoted a senior Kuwaiti executive as saying.  

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Ahli United to convert IFC debt into shares

Ahli United Bank, Bahrain's largest lender, received a request from the International Finance Corporation (IFC) to convert subordinated debt to shares in the bank, it said in a statement on Sunday. The bank did not disclose ho

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Shares in biggest Saudi bank jump 10pc on listing

Shares in Saudi Arabia's biggest lender, National Commercial Bank, jumped their daily 10 per cent limit upon listing on Wednesday after a $6 billion IPO, the largest ever in the Arab world and the second-biggest globally this year.

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NCB shares to start trading on Wednesday

Saudi Arabia's National Commercial Bank will make its Riyadh bourse debut on Wednesday, a statement from the exchange said, having completed a $6 billion initial share sale last week. The stock will be able to move a maximum o

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Kuwait Investment shares jump on privatisation plan

Shares in Kuwait Investment Company surged on Thursday after the Kuwait Investment Authority (KIA) said it would offer its stake in the firm to the public in the first half of 2015, as it resumes a programme of selling off stakes in local listed

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Saudi Arabia shares tumble, Dubai extends drop

Saudi Arabia's main stock index tumbled in early trade on Sunday as worries about economic growth sparked sharp declines on global and regional markets, while Dubai plunged 6.7 per cent and Abu Dhabi slid 2.1 per cent. Saudi&#

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Zain Bahrain allots shares to all IPO subscribers

Leading telecommunications operator Zain Bahrain has announced the results of subscription for its initial public offering (IPO) of shares. In a notification published in the local media yesterday, the company said 16.7 million sh

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Emaar Malls Group jumps 20pc on listing

Shares in Dubai's Emaar Malls Group (EMG) jumped in early trade on Thursday as the stock started trading on Dubai's main stock exchange and drained liquidity from the rest of the emirate's market. EMG shares, which wer

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Alba may look into additional listing in Saudi Arabia

Aluminium Bahrain (Alba) may look into an additional listing of its shares in Saudi Arabia, in what would be the latest blow to Bahrain's stock market which has suffered from low trading volumes since the financial crisis. Suc

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