Saudi Arabia

The Saudi Capital Market Authority (CMA) announced on August 25 that France's BNP Paribas has purchased a 25% stake in SAIB Asset Management, an affiliate of Saudi Investment Bank.... 2008-08-27

Kuwait's Global Investment House (GIH) announced on June 17 that it plans to list its private equity fund Global MENA Financial Assets on the London stock exchange. GIH plans to... 2008-06-19

Saudi Kayan Petrochemical Company has finalised US$6bn in loans to finance some of its costs for its new complex in Saudi Arabia's industrial city, Jubail. The US$6bn consists of... 2008-06-06

Zain of Kuwait is considering selling shares worth as much as US$5bn in an initial public offering (IPO) that could be carried out in Europe in 2009, according to an interview with... 2008-05-22

State-owned Saudi Arabian Mining Company (Maaden) has been given approval by the Capital Market Authority (CMA) to raise US$2.47bn in an initial public offering in July. The company... 2008-05-20

Kuwait's Global Investment House, an asset management and investment banking company, announced on April 22 that it will sell 355mn shares to investors. The share sale will raise... 2008-04-25

The Tadawul All-Share Index (TASI) jumped 2.5% April 5 after the index was recalculated to reflect the number of shares freely available for trading rather than total capitalisation,... 2008-04-11

The Saudi Railways Organisation (SRO) will announce by June the winner of the 'Saudi Landbridge' project worth an estimated US$5bn. The project includes the construction of a 950km... 2008-03-04

Turkey's first major privatisation of the year was completed in late February with British American Tobacco (BAT) winning the bid for cigarette firm Tekel Sigara. BAT was the sole... 2008-02-26