Edition:
United Kingdom

Hadeel Al Sayegh

UPDATE 1-Saudi's ACWA Power delays plans for IPO - sources

20 Sep 2018

DUBAI, Sept 20 Saudi Arabian utility developer ACWA Power has delayed plans for an initial public offering (IPO), originally envisaged for this year, sources familiar with the matter said on Thursday.

Saudi's ACWA Power delays plans for IPO - sources

20 Sep 2018

DUBAI, Sept 20 Saudi Arabian utility developer ACWA Power has delayed plans for an initial public offering, originally envisaged for this year, sources familiar with the matter said on Thursday.

MIDEAST STOCKS-Abu Dhabi up on bank merger, U.S. trade disputes weigh elsewhere

04 Sep 2018

DUBAI, Sept 4 Abu Dhabi shares rallied on Tuesday after Abu Dhabi Commercial Bank (ADCB) said it was exploring potential merger talks with two other lenders, while regional markets were muted amid continued U.S. trade disputes with other countries.

UAE's Brooge Petroleum aims for London listing before year end- sources

04 Sep 2018

DUBAI/ABU DHABI UAE-based Brooge Petroleum and Gas Investment Co (BPGIC) plans to raise $400 million (311.69 million pounds) in an initial public offering in London, which could be potentially launched before the end of this year, three sources familiar with the deal said.

Abu Dhabi Commercial Bank says in merger talks with two rivals

03 Sep 2018

ABU DHABI Abu Dhabi Commercial Bank (ADCB) said it is in early merger talks with Union National Bank and Al Hilal Bank, which could potentially form a lender with $113 billion in assets.

RPT-Bruised bankers seek consolation prizes after shelved Aramco IPO

02 Sep 2018

* Bankers disappointed after months preparing Aramco IPO deal

Bruised bankers seek consolation prizes after shelved Aramco IPO

31 Aug 2018

DUBAI/LONDON Investment banks which lost out on big payouts for the work on the shelved listing of oil giant Aramco are lining up for a raft of other projects as Saudi Arabia pursues reforms.

Abraaj founder's bounced cheque case settled after court ruling

28 Aug 2018

SHARJAH, UAE A dispute over a $218 million bounced cheque signed by the founder of stricken private equity firm Abraaj and another executive has been settled, ending criminal proceedings against the two men, lawyers from both sides said on Tuesday.

UPDATE 1-Abraaj founder's bounced cheque case settled after court ruling

28 Aug 2018

SHARJAH, UAE, Aug 28 A dispute over a $218 million bounced cheque signed by the founder of stricken private equity firm Abraaj and another executive has been settled, ending criminal proceedings against the two men, lawyers from both sides said on Tuesday.

Saudi's PIF aims to raise between $6-8 billion in first loan: sources

31 Jul 2018

DUBAI/RIYADH Saudi Arabia's top sovereign wealth fund is seeking to raise between $6 and $8 billion from banks as it seeks to boost its firepower to help finance the kingdom's economic transformation plans, according to sources familiar with the matter.

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