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Abraaj frontrunner for Saudi Al Raya stake buyAbraaj has emerged as the frontrunner to buy a majority stake in Al Raya for Foodstuff Co after entering into exclusive talks with the two private equity firms that currently control the Saudi supermarket chain, sources familiar with the matter More… |
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Saudi supermarket chain Al Raya put up for saleA controlling stake in Saudi Arabian supermarket chain Al Raya for Foodstuff Company has been put up for sale by its private equity owners Levant Capital and The Rohatyn Group (TRG), sources aware of the matter told Reuters on Wednesday. More… |
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New shopping mall in Bahrain to create 300 jobsA three-storey shopping mall opening soon in Juffair will create up to 300 new jobs. The Al Raya Mall, described as the first high-end shopping centre in Juffair, is set to open within a matter of weeks, said a report in the Gulf More… |
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Tasweek to feature in UK guideAbu Dhabi-based Tasweek Real Estate Marketing and Development, said its property portfolio and services has been chosen to be featured in the ‘Global Trader Guide to Near & Middle Eastern Markets,’ published in the UK. Global Trader fr More… |
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Major retail firm leases space in Al RayaCluttons has secured another letting in Al Raya Building in Seef, with Saleco taking a lease on an office suite on the 6th floor. Saleco is one of the largest retail and distribution companies in Saudi Arabia and has recently expanded its More… |
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Al Raya CEO facing US fraud suit found deadA brash Kuwaiti financier facing a fraud suit by US authorities was found dead on Sunday in an apparent suicide that sent shockwaves through the Gulf financial sector. A security source told Reuters that Hazem Al-Braikan appeared to have d More… |
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Al-Braikan found dead, likely suicideKuwaiti financier Hazem Al-Braikan, who was sued by the US securities regulator last week for allegedly profiting from 'fraudulent' takeover reports, is dead, security sources said on Sunday. A policeman outside Braikan's home More… |
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Kuwait's Al-Raya denies violations in SEC caseKuwait's Al-Raya Investment Co said it has committed no violations after the US Securities and Exchange Commission sued its CEO financier Hazem Khalid Al-Braikan over suspicious stock trades. "The board of directors of Al-Raya Investment C More… |
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Citigroup to invest $9m in Kuwait's Al RayaA unit of Citigroup has won approval from Kuwait's ministry of commerce and industry to invest in a new Islamic investment firm, ministry documents showed. Citigroup Global Markets will invest KD2.5 million ($9.16 million) in Al Raya Inves More… |
