More Related News

Arqaam Capital revises Saudi RE target price

Arqaam Capital expects underwriting margin to reach 4.2% by 2023

Saudi Arabia's Almarai shares plunge after Q2 net profit drop

The company's shares were trading 2.65% lower at SAR51.5 by 12:41 GST, but have gained 7.5% so far since the start of 2019

Nearly $1trln GCC bank mergers under way

The UAE leads the pack with highest number of mergers both in terms of value and volume.

DXB Entertainments reports wider first quarter earnings loss

The wider net loss could be attributed to a drop in revenues and higher finance charges

Mideast Stocks: ADNOC Distribution shines in Abu Dhabi, Saudi drops

Union Properties rises in heavy trade

Mideast Stocks - Abu Dhabi slips further, banks support Saudi market

Abu Dhabi's index shed 0.5% with heavyweight First Abu Dhabi Bank falling 0.4% and Abu Dhabi Commercial Bank losing 1.6%

Damac properties' shares drop following full earnings disclosure

Analyst says Damac's Q4 numbers are poor, sees no catalysts in the foreseeable future

Mideast Stocks: Saudi inches up after index inclusion, Egypt hits 3-month low

29 of Egypt's 30 blue-chip stocks decline

Mideast Stocks: Aramex lifts Dubai, Saudi rises on banks

In Dubai, the index was up 0.5%, with Aramex climbing 7.3% in active trade.

Mideast Stocks: UAE property developers’ earnings give Gulf markets a boost

DAMAC gains despite 87% drop in Q4 net profits

Mideast Stocks: Saudi banks rebound after tax deal, Dubai hits 5-year low

Dubai's Emirates NBD falls sharply in thin trade

Noor Bank raises record-breaking subscriptions for Arqaam Capital's Fixed Maturity Fund

The initial offering period was open between 17 September and 11 October.

Arqaam Capital launches fixed maturity Sukuk fund

Arqaam Islamic Current Income Fund 2022 has a final maturity of October 2022

SODIC, MNHD tie-up could create a major player in Egyptian real estate - analyst

Combined firm would have a land bank of around 15mln square metres and assets worth $2bln, says Arqaam Capital's research head

Arqaam Capital's Fifth MENA Investor Conference in Dubai

Arqaam Capital, the specialist emerging and frontier markets Investment Bank, today inaugurates its fifth MENA Investors Conference in Dubai

Emirates NBD drops close to 12 percent so far in August

The bank’s stock has been trading lower on Turkey exposure, shares fall further on Tuesday

MIDEAST STOCKS-Qatar, Saudi rebound as Turkey concerns ease

MIDEAST STOCKS-Turkish banking links weigh on Gulf markets

Saudi Arabia's stock index touched its lowest level in more than three months

MIDEAST STOCKS-Gulf markets weak as bank stocks hit on Turkey exposure

Banks with exposure to Turkey contributed to dragging Gulf markets lower

Dubai's Emirates NBD says closely monitoring Turkey situation

The bank declined to comment on whether it was renegotiating the terms of its acquisition of Turkey's Denizbank

Arqaam Capital announces the signing of the definitive agreements for the full sale of Egypt's Tag El Melouk for Food Industries to Dr. Oetker

Tag El Melouk is an Egyptian based company operating in the field of desserts, baking ingredients

Dentons advises Virgin Mobile Middle East on pre-IPO convertible sukuk

Dentons advised Virgin Mobile Middle East and Africa (VMMEA), on the issuance of a $30mln pre-IPO exchangeable senior secured sukuk.

Virgin Mobile Middle East and Africa closes $30mln Pre-IPO exchangeable Sukuk

The Senior Secured Sukuk certificates are structured based on Shariah principles.

Egypt's Hassan Allam taps advisors for potential IPO

EFG Hermes and Renaissance Capital will be working jointly as global coordinators of the IPO

Arqaam Capital maintains buy rating and take profit call for Mazaya; target price raised to 165 Fils /share

Predicts positive outlook for Mazaya with expected increase in rental revenues for 2018

Arqaam Capital's First Egypt Investor Conference in Cape Town

Arqaam Capital announces the appointment of Akhilesh Baveja

Arqaam Capital Announces Closing of the Sale of a Significant Minority Stake in Orchidia Pharmaceutical Industries to Egyptian American Enterprise Fund, acting as Sell-Side Adviser to the Shareholders

Arqaam Capital launches two specialist fixed-income funds at DIFC

M and Sukuk Funds to target 7% and 6 % annual return respectively.

Arqaam launches two fixed-income funds at DIFC

The two funds have been developed entirely within the DFSA’s Collective Investment Fund Regime.

Strong Q2 results support Al Othaim, Aldar in otherwise flat trade

Saudi Arabia's supermarket and Abu Dhabi's largest listed developer outperformed otherwise flat regional shares.

Abu Dhabi Islamic Bank Q2 net profit up 8.7%, above expectations

Abu Dhabi Islamic Bank made a net profit of $150.3mln in the three months ending June 30

UAE's Arqaam Capital secures podium position in MENA Extel Survey, rises to Top 10 in South Africa

Arqaam Capital improved its ranking in Extel survey clinching third spot in Middle East & North Africa.

Mideast Stocks-Large caps weigh on Saudi, Qatar; UAE indexes edge up

Declines in large caps weighed on Saudi stocks in early trade on Wednesday while the Dubai market rose as property developer DAMAC extended gains

National Bank of Kuwait reports 8.1% Q1 net profit rise

Net profit for the three months to March 31 rose to $280.8 million

Dubai's Arqaam Capital launches global hedge fund in rare move

Fund has the capacity to grow gradually to around $2bln in size

UAE's Arqaam Capital launches Global Macro Hedge Fund

Arqaam Global Macro Fund is a global macro systematic fund invested in liquid and transparent global markets.

Egypt's Porto Group real estate appoints Arqaam Capital as exclusive financial adviser for GDR program

Arqaam Capital appointed by Porto Group exclusive financial advisor on GDR program on London Stock Exchange.

U.S.'s Auerbach Grayson brokerage firm partners with UAE's Arqaam Capital to expand coverage in the Middle East and South Africa

Auerbach Grayson will provide U.S. institutional clients opportunities for investment in Gulf countries, South Africa.

MIDEAST STOCKS-MSCI changes to affect UAE and Qatar, money rate hopes may support Saudi

Individual stocks in UAE and Qatar may move on Tuesday in response to adjustments by index compiler MSCI

Arqaam Capital Appoints Head of Fixed Income Asset Management

Arqaam Capital announced it has appointed Abdul Kadir Hussain to set up and head its fixed income asset management division.

Arqaam Capital targeting AUMs up to $3 bln in two years

Dubai's Arqaam Capital is planning to increase its total assets under management to $3billion in coming two years.

UAE banking sector growth expected to remain soft in 2016

The UAE’s banking sector earnings are expected to soften further in the second quarter

Saudi cement export ban lift to ease Qatar's demand

Saudi Arabia's decision to lift the export ban on cement may help meeting Qatar's growing appetite for the primary material

Proposed NBAD and FGB merger to create bigger, stronger regional bank

Bankers and banking sector analysts say potential merger could result in benefits from economies of scale and cost saving.

MIDEAST STOCKS-Abu Dhabi banks soar on merger talks; rate rise hits Egypt

Shares in Abu Dhabi banks soared on Sun.

MIDEAST STOCKS-M&A activity may support Gulf, rate hike hit Egypt

Stock markets in the Gulf may be buoyed on Sunday by a rare burst of mergers and acquisitions activity, while a larger-than-expected interest rate hike could weigh on Egypt.

Abu Dhabi's ADFG to buy 48.36 pct of Dubai's Shuaa Capital - filing

Dubai's Shuaa Capital said that Abu Dhabi Financial Group had reached an agreement to buy the 48.36% stake of the investment bank held by Dubai Banking Group.

MIDEAST STOCKS-Saudi weakens in early trade, rest of Gulf mixed

Shares in Saudi Arabia fell in early trade on Wedn.

UPDATE 1-Abu Dhabi's ADFG, Al Mal Capital and Arqaam among Shuaa Capital bidders -sources

Abu Dhabi Financial Group, Al Mal Capital and Arqaam Capital are among the bidders.