FIIs account for only 10.5% of Aramco shares
Overall institutional investors put in bids worth $38 bn for Aramco IPO...
Tag : Middle East
Saudi telecom market valued at $17 bn; biggest in the region
The Saudi telecom industry has recorded substantial growth in the last five years...
Aramco-Adnoc refinery in India to cost 2X of estimated price
The initial estimated cost was $44n, however, now the refinery will be developed with an investment of $70 bn...
Abu Dhabi mulls over $1.5 bn Aramco investment
The investment will be made through Abu Dhabi’s state-owned entities...
NBB to acquire 100% of Bahrain Islamic Bank’s paid up shares
On offer: Cash or a share-swap with an exchange ratio of 0.167 NBB shares per Bahrain Islamic shares...
Dubai Islamic Bank, Noor Bank agree to share-swap deal
One share in Dubai Islamic Bank will be swapped for 5.49 shares in Noor Bank...
Zain launches MENA’s first 5G roaming services
The 5G roaming services are now available in Kuwait and Saudi Arabia...
Emirates buys 30 Dreamliner worth $8.8 bn from Boeing
The delivery process will start in 2023 and continue for the next five years...
Saudi Aramco lures investors in Dubai for IPO
The confidential meeting with investors in Dubai was Aramco’s second outside Saudi Arabia...
Dubai Islamic Bank weighs in on Noor Bank acquisition
The board of directors are expected to meet on November 25 to discuss the possible acquisition...