Oman Arab Bank appoints acting CEO
(Times of Oman - 27/12/2017)
The Board of Directors of Oman Arab Bank (OAB) has announced its endorsement of the CEO Amin Al Husseini's recommendation to appoint his Deputy Rashad Al Musafir as acting CEO effective from February 1, 2018. The appointment is aligned with the Bank's
MCDC IPO mops up OMR122m, finalises allotment
(Times of Oman - 27/12/2017)
Muscat City Desalination Company (MCDC), which closed its OMR6.5 million-initial public offering (IPO) on December 18, has attracted a whopping OMR122 million from investing public and institutional investors on the Muscat bourse. This indicates a heavy
Saudi Arabia's Jadwa REIT acquires two properties in Makkah
(The National - 26/12/2017)
Saudi Arabia's Jadwa REIT Al Haramain has acquired two properties, doubling its portfolio as the sharia-compliant real estate investment fund looks to build the number of properties under management in the holy cities of Makkah and Madinah. The real
Oman Arab Bank launches advanced automation system
(Times of Oman - 21/12/2017)
In line with its strategy to transform itself into a pioneer in digital banking in Oman, Oman Arab Bank (OAB) has launched the new robotic process automation system - a first of its kind in the Sultanate. This advanced system will perform most of the
May Institute Signs a MoU with UAE-based Manazel Real Estate
(Press Release - 20/12/2017)
May Institute, a national nonprofit organization that serves individuals across the lifespan with autism spectrum disorder (ASD) and other special needs, has entered into a Memorandum of Understanding (MoU) with Manazel Real Estate PJSC ("Manazel") to
Adnoc IPO valuation setback holds lessons for Saudi Aramco sale plan
(Gulf Times - 12/12/2017)
When the state-owned oil company of the UAE decided to sell a stake in its fuel-retailing unit, it had a lofty valuation target. According to people familiar with the matter, the Abu Dhabi National Oil Co, or Adnoc, was hoping the initial public offering
Adnoc to raise $843m from fuel distribution unit IPO
(Trade Arabia - 10/12/2017)
Abu Dhabi National Oil Company's (Adnoc) is set to raise over Dh3.1 billion ($843 million) from the its initial public offering (IPO) of its fuel distribution unit after lowering the top end of the offer price and deciding to only sell a 10 per cent
Adnoc cuts indicative price range for unit's IPO as market sags
(Gulfnews - 07/12/2017)
Abu Dhabi National Oil Co (Adnoc) has cut the price range for an initial public offer of shares in its fuel distribution unit and will sell only a 10 per cent stake in the unit, valuing the potential deal at $900 million. United Arab Emirates stock
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