Tuesday 3 March 2015
 
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Mumtalakat 'has no plans to sell assets'

Mumtalakat does not plan to sell off any assets this year and would pursue business projects as usual, its top official has said. The sovereign wealth fund's chief executive Mahmood Al Kooheji said this during a keynote interv

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Posco to sell stake in construction unit to Saudi fund

South Korean steelmaker Posco has signed a preliminary deal with Saudi Arabia's Public Investment Fund (PIF) to sell part of its construction unit for about 1.5 trillion won ($1.36 billion), Korea Economic Daily reported. Posc

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Arcapita sells US storage container firm

Bahrain-based global investment manager Arcapita has sold US-based PODS, a moving and storage container company, to the Ontario Teachers' Pension Plan for a transaction value in excess of $1 billion. Arcapita and its affiliate

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Abraaj sells 21pc stake in Integrated Diagnostics Holdings

Private equity firm Abraaj Group said it had sold a 21 per cent stake in Integrated Diagnostics Holdings (IDH), a healthcare diagnostics service provider, to emerging markets private equity firm Actis. IDH, which resulted from the

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Kuwaiti fund to resume selling stakes in local firms

The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Co in the first half of next year, state news agency Kuna reported.

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NBK to sell IBQ stake to Qatari investors for $538m

National Bank of Kuwait (NBK) has agreed to sell its 30 per cent stake in its Qatari associate, International Bank of Qatar (IBQ), to Qatari investors in a transaction worth $538 million (KD155 million), at a $87 million profit. N

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Lloyds Bank to sell more shares in TSB

Lloyds Banking Group is to sell a further 11.5 per cent stake in TSB Banking Group, leaving it with a 50 per cent shareholding in a business it was ordered to shed by European regulators. Lloyds said it would sell another 57.5 mil

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Arabtec ex-CEO agrees to sell stake to Aabar

Arabtec's former chief executive Hasan Ismaik has agreed in principle to sell at least part of his stake in the Dubai-based construction firm to Abu Dhabi state fund Aabar Investments, a source close to Ismaik said on Monday.

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Star, AAA Homes in deal to sell property in Bahrain

Star International Real Estate has signed a new agreement with AAA Homes to sell and rent its properties across Bahrain. Over the years AAA Homes has worked on a variety of projects including luxury villas, high-rise apartments, m

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Majority Watania shareholders to sell stakes

Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) has said its majority shareholders had agreed to sell stakes to strategic investors from the Gulf region, but did not name the selling or buying

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