Goldman Sachs Group, one of the underwriters of the deal, exercised the over-allotment option and increased the offering
Besides a potential sale, the company is also considering to raise fresh capital as another option to fund its expansion
The new laws will offer a regulatory environment in line with common legislations and onshore Dubai practices
The fund’s stake declined to about 2.02 per cent as of December, down from a 4.99 per cent stake in June
The revamp will break apart the EMEA private banking business
The transaction reflects ADIB’s commitment to finance assets in the marine and energy sectors
Low interest rates, the rise of index-tracking funds and lacklustre hedge fund performance have pushed investors to private equity in search of higher returns
Olayan, 64, became the first woman to chair a Saudi-listed company
Issuers seized on low borrowing costs as central banks globally cut rates
The world’s 500 wealthiest people tracked by the Bloomberg Billionaires Index are now collectively worth $5.9 trillion
The company said it is considering a transaction wherein financing is being raised against the cashflows of the observation deck
The deadline has been moved from December 20 to December 26 to enforce better compliance
London-listed NMC’s stock lost 47 per cent last week after the report
Investors are seeking new catalysts for the stock after it was included in major emerging-market equity benchmarks
London-listed NMC called the Muddy Waters report “principally unfounded”
Kuwait’s stock exchange is aiming to transform the market
The MSCI inclusion is expected to lead to inflows by passive investors of about $3.8bn
Mubadala was the lead investor in Glovo’s 150m euro ($167m) funding round
The company’s shares lost about a third of their value on Tuesday after the Muddy Waters report
The acquisition will make DIB one of the largest Islamic banks in the world
Shares of NMC Health fell 32 per cent Tuesday in London, wiping out about 1.8bn pounds ($2.4bn) in market value
The study also found that 29 per cent believe that their employer isn’t transparent about how pay rises and pay levels are set
Differences over valuation potentially contributed to the collapse of the talks
MSCI will add Aramco to its benchmarks using the closing price of December 17
The Fitch report highlighted that the central bank’s gross foreign currency reserves are expected to decline to $28bn at the end of 2019, down $4bn in the year
With a blockbuster start, will recent damp M&A activity call for a quiet end?
Aramco’s capitalisation jumped from $1.71 trillion to $1.88 trillion at the end of the first trading session on Wednesday
Total will purchase Marathon’s stake in the Waha concessions for $450m, and has committed to invest an additional $650m to boost capacity by 180,000 barrels a day
Banque du Caire and payments firm e-Finance are gearing up for potential IPOs
Pre-budget figures announced in October see economic growth increasing to 2.3 per cent from 0.9 per cent in 2019