Malaysian budget airline AirAsia Bhd has agreed to raise 1 billion ringgit ($257 million) through a share sale to its founders as part of a strategy to cut debt, one day after Reuters reported the company planned to raise funds.
Iraq plans to help raise funds to build the Faw container port terminal on the Gulf by selling shares in the company behind the project, as low oil prices squeeze the government's finances, officials said on Saturday.
The owners of Zain Iraq, the country's biggest mobile phone operator by subscribers, aim to sell 25 per cent of the company's shares after it joins Baghdad's bourse, parent firm Zain said on Tuesday.
Iraq's three m
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