The GCC saw one of the weakest performances in the Initial Public Offering (IPO ) segment during 2016 in terms of number of offerings (4, the smallest since 2010) and raising of total proceeds ($781.7 million, the lowest since 2013), according t
The current makeup of Saudi Arabia’s debt market, and the options for large enterprises looking to raise funds formed the focus for a discussion at the Euromoney Saudi Arabia Conference which concluded yesterday (May 6) in Riyadh.
Saudi Electricity Company (SEC) will have capital expenditure needs of nearly $10 billion next year, a senior executive said on Tuesday, and the state-controlled utility may tap debt markets to raise some of the funds.
SEC, the Gu
A flurry of sukuk issues from the Gulf this week shows borrowers are worried about limited global liquidity and future access to debt markets, and are turning to Islamic finance as a source of money that is relatively untouched by the global turmo