Monday 29 December 2014
 
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Eshraq

First Saudi cross-listing: a trend-setter?

  An Abu Dhabi real estate developer's plan to list its shares in Saudi Arabia is a step towards making Gulf equity markets more international. But it is not clear that the company will benefit enough to start a trend.

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Eshraq eyeing UAE, Saudi property markets

Newly-listed Eshraq Properties plans to focus on three real estate projects in the UAE and expand into Saudi Arabia in the short-term, its chairman told Reuters. Eshraq, which secured listing on the Abu Dhabi Securities Market on Thursday,

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Eshraq Properties raises $225m in IPO

UAE property firm Eshraq raised Dh825 million ($225 million), its target amount, in an oversubscribed offer that signals renewed interest in the battered property sector, bankers said on Thursday. Eshraq's initial public offering, the

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Eshraq plans to sell 55pc stake in IPO

UAE property firm Eshraq plans to sell a 55 per cent stake worth an estimated $224 million in an initial public offering (IPO) next month and list on the Abu Dhabi stock exchange (ADX), a banker has said. The banker said that several UAE b

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