Edition:
United Kingdom

Hadeel Al Sayegh

Abu Dhabi's ADCB to lay off 400 employees, sources say

28 Jul 2020

DUBAI Abu Dhabi Commercial Bank (ADCB) is letting go hundreds of employees, sources said, the latest in a round of lay-offs by regional banks as pressure mounts to cut costs amid lower oil prices and the coronavirus crisis.

NMC seeks up to $250 million ahead of UAE insolvency proceedings: sources

23 Jul 2020

DUBAI Hospital operator NMC Health is looking to raise up to $250 million in debt while it prepares for insolvency proceedings in the United Arab Emirates and has picked Perella Weinberg Partners to advise it on the process, sources said.

Saudi Arabia's Almana General Hospitals in early talks for IPO-sources

16 Jul 2020

DUBAI/LONDON, July 15 Saudi Arabia's Almana General Hospitals (AGH) is in early talks with banks about an initial public offering on the kingdom's Tadawul exchange, two sources with knowledge of the matter told Reuters.

Carlyle, Cairn Energy-backed group among bidders for Shell’s Egypt assets-sources

15 Jul 2020

DUBAI/LONDON Buyout firm Carlyle and a consortium backed by Cairn Energy are among the bidders for Royal Dutch Shell's onshore Egyptian oil and gas assets, two sources with knowledge of the matter told Reuters.

Carlyle, Cairn Energy-backed group among bidders for Shell’s Egypt assets-sources

15 Jul 2020

DUBAI/LONDON, July 15 Buyout firm Carlyle and a consortium backed by Cairn Energy are among the bidders for Royal Dutch Shell's onshore Egyptian oil and gas assets, two sources with knowledge of the matter told Reuters.

Saudi bourse says derivative product to boost investment profile ahead of IPO

15 Jul 2020

RIYADH/DUBAI Saudi Arabia's bourse is committed to listing on the stock exchange and the launch of its first exchange-traded derivatives product will enhance its profile with foreign investors ahead of its flotation, its chief executive said.

Saudi Arabia's Bindawood postpones IPO to September - sources

15 Jul 2020

DUBAI Saudi Arabian supermarket retailer Bindawood Holding has postponed its planned initial public offering (IPO) to September, two sources with knowledge of the matter told Reuters.

Saudi Arabia's Bindawood postpones IPO to September -sources

15 Jul 2020

DUBAI, July 15 Saudi Arabian supermarket retailer Bindawood Holding has postponed its planned initial public offering (IPO) to September, two sources with knowledge of the matter told Reuters.

Saudi bourse says derivative product to boost investment profile ahead of IPO

14 Jul 2020

RIYADH/DUBAI, July 14 Saudi Arabia's bourse is committed to listing on the stock exchange and the launch of its first exchange-traded derivatives product will enhance its profile with foreign investors ahead of its flotation, its chief executive said.

Saudi bourse to launch derivatives market on Aug 30, eyes more products

14 Jul 2020

RIYADH The Saudi Stock Exchange said on Tuesday trading in the kingdom's first exchange-traded derivatives product would start on Aug. 30, part of moves to make the Saudi equity market more attractive to foreign investors.

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