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India's Marico to raise $97.8m via share saleIndian consumer products maker Marico Ltd said on Saturday it plans to raise Rs5 billion ($97.8 million) from the sale of 29.41 million shares to two private equity investors at Rs170 each. On Tuesday, Business Standard reported Marico pla More… |
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Mideast IPOs record five-fold jump, net $420.5mThe initial public offering (IPO) activity in the Middle East rose significantly in the first quarter raising $420.5 million from six IPOs compared to $83.6 million in the same period last year, according to Ernst & Young. The regional More… |
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Mashreq Bank to raise bond plan to $5 billionMashreq, Dubai's largest bank by market value, said it plans to raise the size of a euro medium term note programme to $5 billion from $2 billion. The lender, owned by billionaire Abdul Aziz al-Ghurair, said in a regulatory filing late More… |
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Maersk to hike rates on ME, S.Asia routesThe world's biggest container shipping company, Maersk Line, said it would raise rates on routes from South Asia and the Middle East to Europe from February 1, but said rates remained unacceptably low. The company, part of Danish shipping More… |
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Emirates raises $1.1bn for A-380 deliveryEmirates airline, one of Dubai's prize assets, said it had raised $1.13 billion for the delivery of A-380 aircraft from Airbus and was in a secure financial position. The aircraft will form part of the 53 Airbus A380 aircraft that Emir More… |
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Tharawat to raise $100m for sukuk fundBahrain-based Islamic investment house Tharawat said it plans to raise $100 million by year-end for a sukuk fund it recently launched to snatch up bargains on the secondary market. Tharawat chief executive Arif Moh'd Al Alawi also told Reu More… |
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Emaar may seek to raise equityDubai developer Emaar Properties, the largest developer in the United Arab Emirates, may have to raise cash to go ahead with its planned merger with three local property firms, investment bank Nomura said. Dubai Holding, owned by the ruler More… |
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Saudi Electricity to raise $1.8bn from sukuk issueSaudi Electricity Company, the Gulf's largest utility by market value, on Saturday began a roadshow for its second Islamic bond issue which bankers expect will raise up to 7 billion riyals ($1.87 billion). Bourse regulator the Capital More… |
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Savola to up Saudi capacity to 400,000 tpySavola Foods will raise its edible oil refining capacity in Saudi Arabia to 400,000 tonnes per year (tpy), from 300,000 tpy, when a new refining unit comes online end-2009, the company's chief executive said on Tuesday. Zouhair Eloudgh More… |
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Malaysia Bank Islam plans $150m cash callMalaysian sharia lender Bank Islam plans to raise up to 540 million ringgit ($149.5 million) by selling preference shares to existing shareholders, a Malaysian newspaper reported on Saturday. Bank Islam has sent out letters of invitation t More… |
