Saudi National Bank was an anchor investor in Credit Suisse’s capital raise and now holds 9.9 per cent in the firm
The company plans to issue 1.5 bonus shares for every existing share, through capitalising retained earnings
Regional and global M&A activity witnessed strong growth last year
The main challenge: capital markets do not yet fully understand what the rule book for sustainable investing looks like
The company operates three farms in the UAE
The fund will invest in five to 10 private companies per year
SMEs across the country have identified easier access to funding, acceptance of digital payments and training and upskilling staff as the top three drivers for growth
Incentives, including green lending discounts and certifications, access to targeted growth programmes, and trade-related benefits, will be offered to businesses that meet the required criteria
The $400bn sovereign investor is key to the kingdom’s efforts to revive economic growth
The considerable levels of dry powder available across the Middle East is expected to target diversification opportunities and long-term higher returns
Sprii has hired Guy Wall of Grant Thornton as liquidator
The sukuk was nearly 4.5 times subscribed with a profit rate of 2.95 per cent per annum