Tadawul sets up $160m unit for clearing servicesThe Saudi Stock Exchange (Tadawul) has established the Central Counterparty Clearing House (CCP) for clearing of securities in the Saudi capital market as a closed joint stock company with a capital of SR600 million ($160 million). More… |
Egypt inks deal with China firm to develop new capitalEgypt signed an agreement with a Chinese company on building and financing part of a planned new administrative capital east of Cairo, the investment minister told Reuters on Monday. The memorandum of understanding calls More… |
Qalaa chairman increases CCP stake by 4pcQalaa Holdings chairman and founder has increased his stake in Citadel Capital Partners, which is a lead investor in the company, by four per cent. The transaction brings Ahmed Heikal’s ownership of CCP t More… |