Oman's Al Izz Islamic Bank, the Sultanate's second Islamic bank, has elected members of its board a month after the initial public offer of its shares, a bank statement said on Thursday.
Taimur Bin As'ad Al Said was el
Aabar Investments, one of the key strategic investment vehicles of Abu Dhabi, has announced plans to invest heavily in Oman’s Al Izz Islamic Bank in its role as a corner stone investor.
The Al Izz Islamic Bank is joint
Abu Dhabi state-fund Aabar Investments bought a 21.6 per cent stake in Dubai builder Arabtec for a value of Dh827.6 million ($225.32 million), an income statement by the fund's parent firm IPIC showed on Thursday.
The stake purchase sh
Abu Dhabi state-owned fund Aabar Investments has not made an offer for Italian football club AS Roma and has no plans to do so, it said on Wednesday.
The indebted Roma club has been on the market for months with creditor bank Unicredit and
Falcon Private Bank, a Swiss private bank owned by Aabar Investments, has chosen Schneider PR to handle public relations in the Middle East region from this month.
Falcon Private Bank is specialised in wealth management for private c
Aabar Investments, the Abu Dhabi fund in the process of converting to a private joint stock company, suffered a 1.38 billion dirham ($375.8 million) loss for the second-quarter, hurt by a surge in derivatives liabilities.
The state-owned f
Abu Dhabi's Aabar Investments, the largest stakeholder in Daimler, on Sunday said it has invested $54.2 million in two investment funds registered in Luxembourg.
Aabar has invested $34.5 million in Blue Orchard private equity fund and $19.
Abu Dhabi-based Aabar Investments will meet on June 24 to discuss a date for an extraordinary general meeting as it considers converting to a private joint stock company and delisting from the bourse.
International Petroleum Investment Co
Aabar Investments' offer to acquire a 70 per cent stake in Arabtec Holding would be difficult to turn down, Deutsche Bank said, and cut its price target on shares of Arabtec to factor in dilution from the deal.
'Refusing an Abu Dha
Abu-Dhabi based Aabar Investments said it has not made an investment in Arabtec, after the Dubai-based construction firm last week said it was not in talks about any possible deal.
'We can confirm that Aabar has not made an investment