The bearish run of oil prices- a key driver of economic growth in the region- has largely affected the IPO activity.
The Dubai-based company has said that the IPO for EHG will be dependent on the right market conditions.
The company is investing in a new fund, which aims to address the funding gap for SMEs in the Middle East, North Africa and South Asia region.
The bank is looking to buy all or some of the shares of the insurance company at a price of Dhs3.64 a share.
The bank may auction the properties or offer them to be run by other operators, depending on market conditions, an official said.
DIB has mandated First Gulf Bank, HSBC, Maybank, National Bank of Abu Dhabi, Standard Chartered Bank and itself to arrange the meetings in Asia and Europe.
The loan was priced at 100 basis points over the London interbank offered rate, with the participation of nine institutions from the GCC.
The deal, rated A1 by Moody’s, has so far attracted orders totalling more than $3.5 billion from investors, a document showed.
Nizwa said in February that it saw the proposed merger as a way to speed up its growth.
It would be the first bond issue by ICBC through its DIFC branch, underlining the bank’s growing business in the Middle East.
Waha is looking to invest in sectors with high growth potential such as energy, infrastructure, healthcare and education.
Citigroup has experienced growth in credit card acquisitions in the UAE of 2.5 times over the past year, it said.
Arabian Contracting Services Co will offer investors 16.5 million shares representing 30 per cent of its capital.
The state-linked builder made a profit of Dhs618 million in the three months to March 31.
The Capital Market Authority launched an investigation into the firm in November after Mobily restated a year and a half of its earnings.
Up to 66 per cent of UAE professionals believe they earn less than what other firms in their industry offer, finds new survey by Bayt.
The regulator has asked the telecommunications operator to clarify information related to one of its businesses.
The transaction has received orders of seven times its size, an earlier document showed.
The bank’s net profit for the three months to March 31 was $147.18 million.
If introduced in the Kingdom, REITs would offer tax benefits, especially for foreign investors.
The committee arranging the issue said it had received in-principle regulatory approval and was now in advanced stages of structuring and documentation.
The firm has launched an advisory service for structuring and managing the assets of the Islamic charitable foundations known as awqaf.
Barclays, Citigroup, Deutsche Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi and Societe Generale are arrangers for the bond issue.
The bank’s board has approved the issuance of a Tier 2 instrument worth up to $900 million and a $300 million Tier 1 capital increase.
Integrated Diagnostics Holdings priced its offering of 65.2 million shares at an $4.45 per ordinary share.
The bank made a net profit attributable to equity holders of $40 million in the three months ending March 31.
However, officials did not give any time frame for VAT to be introduced or specify the likely tax rate.
Steve Bertamini has been appointed chief executive effective from May 18, the lender said in a bourse statement.
So far, MSCI only had provisional indexes covering the $570 billion Saudi stock market, which is set to open to foreign investors in June.
Capital raised from the IPO will be used to expand the company’s waste management and mass accommodation services for workers on construction projects.