Marka's Road to IPO: Equity participation by founders begins
CAPM Investment, the financial advisor and lead manager of Marka's proposed initial public offering, announced that Marka has begun receiving equity contributions from its founders soon after it received preliminary approval from the Securities and Commodities Authority in the UAE.
Rift with Qatar has little effect on Tadawul
The row between Qatar and its Gulf neighbors has done little to dampen Saudi Arabia's stock market, with the Tadawul All Share Index rising 1 percent to a near six-year high as banking and retail sector shares climbed.
GCC stock valuations more attractive than frontier, emerging markets
The Gulf Cooperation Council (GCC) stock markets offer very attractive valuations and their valuations are lower than similar frontier and emerging markets, said a Global Investment House report.