Emaar’s shares rose 5.4 per cent to Dhs10.80 today, bringing their year-to-date gains to 56 per cent.
Emaar, Dubai’s largest real estate developer, will offer 30 per cent of the shares to individual investors and 70 per cent to qualified institutional investors.
Fund managers still see pockets of opportunity in Saudi due to the market’s liquidity and diversity.
Bahrain last sold a sovereign bond in July 2013, when it completed a $1.5 billion deal with a ten-year lifespan.
The lender will hold roadshows in Asia, the UAE and Europe from September 4, with a Tier 1-boosting bond issue to follow, subject to market conditions.
Arabtec shares jumped 13 per cent to Dhs4.79 over the past four trading days on speculation about a potential deal between Hasan Ismaik and Aabar.
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Hasan Ismaik, the former CEO of Arabtec, confirmed that he was in talks with Abu Dhabi state fund Aabar to sell part of his stake.
Christine Lagarde was questioned by magistrates in Paris for a fourth time this week under her existing status as a witness in a political fraud affair.
Investors are hoping Abu Dhabi’s Aabar will soon buy a part of the 27.9 per cent stake held by Arabtec’s former CEO Hasan Ismaik.
The facility will help GFH redeem two syndicated debt facilities and allow the release of some major assets.
As part of a US settlement last week, the bank agreed to end high-risk relationships with SMEs in the UAE.
MB UAE Investments will acquire 51 per cent and Al Madina Insurance Co will get 9.53 per cent of Islamic insurer National Takaful Co (Watania).
Nayef Al-Hajraf replaces Saleh Al-Falah, who had held the post since the Capital Market Authority began operating in early 2011.
Corpbank’s fate has been in limbo since June, when a run on deposits prompted the central bank to seize control of it and close its operations.
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The stock index has jumped 13.3 per cent since the opening of the market was announced on July 22.
The Hang Seng Index rose 0.2 per cent to 25,166.91 points.
Qatar’s benchmark rose 0.6 per cent, led by Islamic lender Masraf Al Rayan and Qatar National Bank
Shares in Dubai builder Arabtec rose as speculation grew about the sale of the stake owned by former CEO Hasan Ismaik.
The Capital Market Authority proposed limiting total foreign ownership of the market’s value to 10 per cent.
The Capital Market Authority isaid last month that it would open the market in the first half of next year.
Despite a more bullish market in the UAE it is unclear whether Atlantis would be able to reprice its loan as easily as expected.
The bank had agreed to close some customers’ UAE accounts in an anti-money laundering settlement with US regulators announced on Tuesday
No figure for compensation was set but the family has been claiming over $26.5 million.
The state-controlled developer will repay 31 banks Dhs5.54 billion on Thursday, it said.
Singer was appointed CEO in July 2012, after four years as CEO of the Nasdaq Dubai bourse.
Standard Chartered Private Equity will inject the equity in return for a 9.8 per cent stake in the business.
The six-year loan, originally signed in July 2012, was split between dirham- and U.S. dollar-denominated tranches.
He succeeds Mohammed Abdulrahman al-Bahar, who died earlier this month.