The fund will invest in companies developing emerging technologies or improving existing ones in key sectors
Discussions are ongoing, but no advisers have been hired
The fund claims to be the largest venture debt fund in the GCC
Riad Salameh is also under investigation in France and Switzerland
Nahdi’s IPO is the largest listing in the kingdom since Saudi Aramco raised almost $30bn in 2019
The International Monetary Fund estimates Bahrain needs oil prices of around $107 a barrel to balance its budget
The bank’s shareholders also elected a new board of directors
ADGM’s FSRA has published a paper proposing wide-ranging amendments covering virtual assets, securities, derivatives, commodities and benchmarks
Speaking to Gulf Business, Amir Nagammy, Wizz Financial co-founder and group chairman delves into the company’s expansion plans and the disruption within the payments space
Shuaa joins existing investors Riyad Capital and UK comparison website GoCompare
Clients are increasingly seeking the advice of asset managers who possess a rich knowledge of local and regional market dynamics
Investors continue to seek a store of value amid the uncertainty
The kingdom’s real GDP grew by 6.7 per cent in the fourth quarter of 2021
The company will sell a 45 per cent stake in the listing
Bitcoin had spent the past few days mired in the tightest trading range since October 2020
Wizz Financial will partner with NPCI International Payments (NIPL), the international arm of National Payments Corporation of India
Bahrain is the first GCC country to issue regulatory approvals to the blockchain and cryptocurrency infrastructure provider
Bullion has eased after rallying to within $5 of a record last week
The shares surged as much as 18 per cent to SAR86.1
The offer price range will be announced on March 24 with an expected trading debut on April 13
Saxo Bank MENA’s CEO Damian Hitchen talks about the region’s fintech space and the challenges faced by the financial sector
Al Fardan’s customers can now send money not just to bank accounts, but also to mobile wallets and cash pickup points in 87 countries
A listing could come as soon as the middle of this year
The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020
The Kuwait Investment Office recruited Arne Hassel as chief investment officer in November
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report
The partnership is part of Bahrain-based AFS’s Regional Partner Program that supports new and existing fintechs to launch operations across the region
The Tadawul introduced index futures in August 2020
The main challenge: capital markets do not yet fully understand what the rule book for sustainable investing looks like
The investment will support tabby’s international expansion plans