SAMA wants daily updates on how much credit banks are providing after it eased lending limits for buyers
The fund – MEC Ventures – will invest across sectors such as e-commerce, fintech, and technology ecosystem enablers
The transaction involved the shipment of polypropylene to UAE’s Abu Dhabi National Carpet factory
Fund managers can subscribe to the stock until Dec. 4
Saudi banks are seeking to cash in on the IPO after years of falling loan growth
It’s the latest sign that the giant Saudi oil company has scaled back the international ambitions for the IPO
The two-day event will include representatives from 22 countries, including seven African nations
Aramco said it is seeking to raise as much as $25.6bn by selling a 1.5 per cent stake
The investment platform will be run through Egypt’s newly established sovereign wealth fund and Abu Dhabi Development Holding
Of the companies that don’t set aside assets, 78 per cent don’t share such information with employees
Among 16 banks that offered a valuation, the range in estimates ran from $1.1 trillion at the bottom right up to $2.5 trillion
Liechtensteinische Landesbank now also offers financial advisory services in the region
Bank of America is one of more than 20 institutions working on Saudi Aramco’s IPO
Up to 62 per cent of the region’s online consumers continue to prefer the cash-on-delivery (COD) option
Saudi is also leaning on friendly governments to drum up demand for the listing
Investors were also perusing the prospectus of Saudi Aramco’s initial public offering, which will take place in Riyadh
President Michel Aoun said lawmakers will meet November 12 to consider lifting the wide immunity granted to government officials and parliamentarians
Currently, Emiratis constitute 26.1 per cent of the UAE’s banking workforce
The sale of half the exchange to local citizens began last month and will end on December 1
IMF hails steps for UAE’s SME strategy, lists sustained growth and diversified economy as key priorities
Revenues in the third quarter reached Dhs78.1m, compared to Dhs69.5m last year
The fund will target early and growth stage firms across the region
The IPO process officially started Sunday, with the company filling a so-called intention to float document
UAE banks can currently lend as much as 20 per cent of customer deposits to the property industry
The final offer price, number of shares to be sold and percentage of the shares to be sold is yet to be determined
Aramco’s shares are likely to start trading in December
Aramco is also considering boosting next year’s dividend to $80bn to win over investors
The initial public offering will happen soon, says energy minister
Saudi Aramco is working toward an IPO that may raise $40bn
The group operates the BinDawood and Danube supermarkets and hypermarkets