Saturday 28 March 2015
 
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IPO

Kuwait may offer stock market stake to foreign operator

The Kuwait Stock Exchange may offer up to 44 per cent of its shares to a company that has experience in operating bourses when it goes public, a senior government official told Reuters on Thursday. Such a move, which still require

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Daman Investments aims IPO in weeks

Daman Investments, a UAE asset management firm, is in the final stages of obtaining regulatory approval for an initial public offer of shares and hopes to launch it in the next few weeks, a senior executive said. The company had a

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Dubai Investments mulls unit IPO in 2016

Dubai Investments, the diversified Gulf-based investment group, plans to float the shares of at least one company in the group next year, its chief executive said on Monday. "In 2016 we will definitely go for an IPO of at lea

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Oman plans two initial public offers

Oman's stock market is likely to see two initial share sales before the summer, by a utility firm and a family-owned business, the director-general of the Muscat Securities Market said. “We are expecting some initial pub

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Orascom Construction offers 11pc of shares in IPO

Orascom Construction plans to offer 11 per cent of its shares on the Cairo bourse to raise E£1.41 billion ($185 million). The company is being spun off from Amsterdam-listed OCI NV, which will retain its fertiliser and chemi

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Mena IPOs raise $11.5bn, highest since 2008

Companies in the Middle East and North Africa (Mena) region have raised $11.5 billion last year, through 27 initial public offerings (IPOs), nearly four times more than the $3 billion in 2013, according to a report. The Ernst &

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Flynas aims for profit on lower costs, higher demand

Saudi Arabia's first and only budget airline, flynas, aims to turn profitable this year for the first time since it was launched in 2007, partly by cutting costs, its new chief executive said. The kingdom's air travel mark

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Malaysia fund calls off $2.4bn sukuk sale plan

Troubled state-owned investment fund 1Malaysia Development Bhd (1MDB) has called off plans to sell up to $2.4 billion of Islamic bonds, a report said. The Islamic bond or sukuk had been earmarked to raise funds for the constructio

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Massar postpones IPO, cites poor demand

Massar Solutions, a UAE vehicle rental and fleet management firm, on Tuesday said it is postponing its initial share offering on the Abu Dhabi bourse, citing poor demand due to market volatility. Massar will postpone the initial p

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Emaar targets Q2 for $270m Egypt unit float

Dubai's Emaar Properties will submit plans to float its Egyptian unit to the North African country's regulator "within days" ahead of an initial share sale earmarked for the second quarter, two sources aware of the matter told

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