Dubai's Damac said it raised $348 million from its London share offer on Tuesday, a lukewarm response to the first share sale by a Dubai property firm since the emirate's real estate crash four years ago.
The luxury housin
Saudi Arabia's market watchdog has approved share sales by two companies based in the kingdom that will take place before the end of the year, the first such listings since May.
Bawan Company, a Riyadh-based building materials
HSBC Holdings has been appointed to manage a public share offer of a joint venture firm that owns and operates a $1 billion water and power project in Oman, two banking sources said on Tuesday.
Singapore's Sembcorp Utilities,
British finance minister George Osborne will launch the early sale to the public of shares in bailed-out lender Lloyds Banking Group, the Sunday Times reported without citing sources.
Shares the government owns in Royal Bank of Sc
NBK Capital, a leading bank in Kuwait, has announced the sale of its equity stake in Dunya Goz, Turkey’s largest ophthalmology hospital chain, to the founding shareholder.
This is yet another realization for NBK Capital Equi
HSBC, Europe's biggest bank, plans to raise more than 12 billion pounds ($17 billion) in a share sale aimed at propping up its capital base in order to cope with the economic crisis, the Financial Times reported on Saturday.
The FT said th
Bahrain Islamic lender Albaraka Banking Group said it was eyeing an Indonesian acquisition of about $60 million and a $40 million share sale in Pakistan to expand the industry's largest branch network.
Albaraka, which sold shares in a Turk
The Egyptian government indefinitely delayed an auction for its 24 percent stake in Egyptian Resorts that had been scheduled for Tuesday, an official said.
The official at state-owned National Bank of Egypt, who declined to give his name,