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- Bahrain posts 4pc real GDP growth in Q3, says report
- Al Maha Petroleum, Hydronova to develop hydrogen solutions
- Heisco lands Kuwait power plant maintenance contract
- Red Sea International awards hospital construction contract
- Oman's average inflation stays below 1% in 2025
- Meraas unveils Dubai Design District waterfront residential masterplan
- QSE begins 2026 on bullish note reaching 10,785.36 points
- QNB and Mastercard expand payment services in Syria
- Qatar stock market closes sharply higher
- ASRY completes major rig repair, upgrade projects for Saudi PIF unit
25/06/2013 18:29 AST
Abu Dhabi's Shuweihat 2 (S2) power plant has mandated six banks to help arrange a potential bond issue, lead arrangers said on Tuesday.
BNP Paribas, Citigroup Inc, HSBC Holdings , Mitsubishi UFJ Securities, National Bank of Abu Dhabi and Standard Chartered will arrange fixed income meetings in the United States, Europe, the Middle East and Asia ahead of a potential sale, arranging banks said.
A bond issue which would be open to institutional investors in the United States could follow during the course of 2013, subject to market conditions.
S2 is 54 percent owned by Abu Dhabi National Energy Co (TAQA). Abu Dhabi Water and Electricity Authority holds a 6 percent stake.
The remaining shareholding is split between a 20 percent stake held by France's GDF SUEZ, and a 10 percent ownership each by Marubeni Corporation and Osaka Gas Co.
CPI Financial
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06/01/2026
Bahrain has recorded real economic growth of 4% at constant prices and 4.5% at current prices during the third quarter of 2025 on an annual basis, according to data issued by the Information & eGover
Trade Arabia
06/01/2026
The Ministry of Economy on Monday confirmed that inflation in Oman throughout 2025 remained in line with projections, which had estimated an average inflation rate of around 1% for the year.
Muscat Daily
06/01/2026
Meraas, a member of Dubai Holding Real Estate, has unveiled an expanded residential masterplan for Dubai Design District (d3), transforming the district into one of Dubai's most desirable creative-le
Trade Arabia
06/01/2026
Arab Shipbuilding and Repair Yard Company (ASRY) has announced that it has successfully completed a series of major rig repair and upgrade projects for ADES Holding, a major unit of Saudi sovereign w
Trade Arabia
06/01/2026
Global SWF's sixth annual report revealed that 2025 marked a historic shift in the global financial balance of power, as investors together with central banks notched a record $60 trillion in assets
Asharq Al Awsat
Financial Information Co.
Saudi Arabia