Ten SMEs have applied to list on the new market and five of them have so far fulfilled the requirements, according to a report.
The family group, which collapsed during the financial crisis, said in May that it had direct liabilities to financial institutions worth around $6 billion.
Global Investment House’s chief executive Maha Al Ghoneim said the company was now “debt-free” following its debt restructuring last year.
Majid Al Futtaim Finance has partnered with Rovio Entertainment, which owns the Angry Birds brand, to create the prepaid card for UAE customers.
The programme required foreign winners of big government contracts to invest in the local economy.
The U.S. dollar transaction, will be of benchmark size – traditionally understood to mean worth upwards of $500 million.
The U.S. dollar bond will be issued through a special purpose vehicle incorporated in the Cayman Islands.
A unit of Gulf International Services (GIS) signed contracts worth $1.4 billion to supply drilling rig services to Qatar Petroleum.
The firm will hold a general meeting on Sept. 15, it said without specifying the possible size of the issue.
A lawsuit, first filed 10 years ago, accuses the Jordan-based bank of knowingly maintaining accounts for operatives of the militant Islamist group.
Oman’s State General Reserve Fund, Royal Dutch Shell and existing investors in GlassPoint will inject the money, which will be used to accelerate the deployment of solar steam generators.
The credit reports include consumers’ debt obligations and payment behaviour patterns for the past two years.
Dangote’s current market capitalisation is about $23.7 billion, meaning ICD is taking a stake of about 1.3 per cent.
SCPE said it would obtain two seats on the board of Al Jazeera, Jordan’s only fully integrated poultry producer and distributor.
The acquired portfolio will consist of two multi-family residential properties in Houston and one in Atlanta, GFH said.
The company’s net profit amount for the whole of last year was Dhs3.3 billion.
The initiative marks the first time that Emirates ID cards will be used for ATM transactions in the UAE.
Al Khodari’s new activities will include supplying and installing solar energy equipment and systems, it said in a statement to the Saudi bourse.
The malls unit’s IPO will be divided into two tranches, one for retail investors and one for institutions.
The stake will consist of current outstanding ordinary shares and the conversion of QNB’s convertible preference shares.
GCC and South Asian countries dominated the Islamic Finance Development Indicator list.
The cash raised is expected to be used for general business purposes.
A bourse filing by KIPCO added that its direct and indirect stake in Kuwait’s Burgan Bank currently stands at 57.94 per cent.
The unit, TECOM Investments, is expected to use the proceeds for its growth plans, while some of the cash would also be diverted to its parent company.
Creditors of the company approved a plan to restructure debts worth around $2.7 billion last month.
The issuance would be in local currency and would apparently be separate from an international, U.S. dollar-denominated sovereign bond issue which Oman has said it may conduct.
Prior to joining ADIA, Brian Tipple held the position of chief investment officer at U.S.-based Key Private Bank.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index rose to 60.7 points last month – the highest level since July 2011.
The HSBC UAE Purchasing Managers’ Index climbed to 58.4 points in August from 58.0 in July and the highest since the series began in August 2009.
Waha Capital will use the money from the deal to repay debt and fund new investments, the company said in a statement.