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Dubai Investments raises foreign ownership cap
(The Gulf Today - 30/11/2017)

Dubai Investments (DI), the leading, diversified investments company listed on the Dubai Financial Market, has raised foreign ownership limit in the company from the existing 35 per cent to 49 per cent. A proposal to this effect was approved by

Amlak redeems $27m from Mudaraba instrument
(Trade Arabia - 29/11/2017)

Amlak Finance, a leading specialised real estate financier in the Middle East, said it has redeemed an additional Dh100 million ($27.2 million) of a Mudaraba instrument worth Dh1.3 billion ($353 million) as part of its restructuring plan. With this move,

Amlak redeems Dh100m from Mubadala instrument
(Gulfnews - 28/11/2017)

Real estate finance firm Amlak Finance has redeemed a further Dh100 million of a Dh1.3 billion Mubadala instrument agreed as part of its restructuring. The payment takes Amlak’s total redemption to Dh309 million, or 21 per cent of the Dh1.3 billion

Shuaa shelves plans for Global Investment stake
(Gulfnews - 28/11/2017)

Shuaa Capital is no longer pursuing a stake in Kuwait’s Global Investment House KSCC. In a statement to Dubai Financial Market on Monday, Fawad Tariq Khan, general manager of DFM-listed Shuaa, said, “As per Shuaa’s usual pursuit of strategic expansion,

Shuaa Capital begins operations in Egypt
(Trade Arabia - 27/11/2017)

UAE-based Shuaa Capital, a top financial services firm, said that its securities brokerage arm Shuaa Securities has officially commenced operations in the Egyptian market. With an initial and dedicated 40 person strong task-force, Shuaa Securities Egypt

Dubai investments lead consortium to buy Dubai college campus
(The National - 26/11/2017)

Dubai Investments, a Dubai-headquartered investment holding company, led a consortium of investors to acquire Kent College Dubai campus through its subsidiary Al Mal Capital. The company is an anchor investor in the sale-and-leaseback transaction through

National Finance, Oman Orix sign framework deal for merger
(Times of Oman - 23/11/2017)

National Finance Company and Oman Orix Leasing Company have signed a framework agreement for the proposed merger between the two leasing firms. The final merger agreement will be signed after the merger plan is approved by the shareholders of the company

GFH intends to cross list shares in Tadawul
(Gulfnews - 23/11/2017)

Gulf Finance House said on Wednesday that it intends to cross list the shares on Saudi Stock Exchange and has initiated discussion with the regulator, in addition to a listing in Dubai Financial Market and Bahrain bourse. “GFH is in the process of

Corporate Governance Workshop for Ithmaar Group Board
(News of Bahrain - 20/11/2017)

Ithmaar Group, which consists of Ithmaar Holding and its two wholly-owned subsidiaries, Ithmaar Bank, a Bahrain-based Islamic retail Bank, and IB Capital, a Bahrain-based Islamic Investment firm, commissioned the Bahrain Institute of Banking and Finance

BCFC Establishes Tas’heelat Car Leasing Company “TCL”
(Biz Bahrain - 20/11/2017)

Bahrain Commercial Facilities Company BSC (BCFC) officially launched the group’s new venture Tas’heelat Car Leasing Company WLL (TCL), on Wednesday 15th November 2017. The event was hosted at the Gulf Hotel in Manama, attended by Board of Director and

Dubai Investments, DSI included in MSCI GCC index
(Gulfnews - 15/11/2017)

Dubai Investments Corp (DIC) and Drake and Scull (DSI) shares have been included in the MSCI GCC countries Indexes, the index provider MSCI said in a statement. “DIC should see some increased foreign inflows after MSCI inclusion,” Menacorp said in a

Waha Capital sells stake in NPS Holdings
(The National - 14/11/2017)

Waha Capital, an Abu Dhabi-based investment firm in which Mubadala Investment Company has a 15 per cent stake, has agreed to sell its stake in UAE-based NPS Holdings to National Energy Services Reunited (NESR) of the US in a cash and shares transaction.

Kuwait's Alafco orders 20 more Boeing 737 MAX 8s
(Trade Arabia - 13/11/2017)

Boeing and Alafco Aviation Lease and Finance Company (Alafco) have finalised an order for 20 additional 737 MAX 8s at the 2017 Dubai Airshow, doubling the lessor's order book for the MAX airplane. Kuwait-based Alafco, a global provider of commercial

Waha Capital agrees to sell its stake in NPS Holdings
(Press Release - 13/11/2017)

Waha Capital PJSC, a leading Abu Dhabi-listed investment company, has agreed to sell all of its stake in UAE-based NPS Holdings Ltd. (NPS) to National Energy Services Reunited (NESR) Corp (NASDAQ: NESR) in a cash and shares transaction. The transaction

GFH Group swings to Q3 net profit
(Trade Arabia - 13/11/2017)

Bahrain-based GFH Financial Group (GFH) has registered a net profit of $25.09 million for the third quarter compared to a loss of $7.58 million for the same period in 2016. Announcing the results for the first nine months ended September 30, GFH said its

Investcorp buys two US office towers for $156m
(Trade Arabia - 09/11/2017)

Bahrain-based Investcorp, a leading global provider and manager of alternative investment products, said its US-based real estate arm has bought two office buildings in New York City's garment district for $156 million. Both 229 West 36th Street and 256

Amlak says that third quarter profit doubles after impairment reversal
(The National - 08/11/2017)

Amlak, the Sharia'a-compliant mortgage financing company, said its third quarter profit more than doubled after a reversal of impairment on Islamic financing and investment assets. Net income attributable to equity holders of the parent rose to Dh11.8

Shuaa Capital eyes controlling stake in Kuwait's Global Investment
(The National - 08/11/2017)

Dubai’s Shuaa Capital aims to conclude a deal to acquire a stake in Kuwait-headquartered Global Investment House (Global) “in the coming year”, its general manager said. Shuaa, which in October said it was interested in a deal with a Kuwaiti financial

Ithmaar Bank announces deputy CEO appointments
(Biz Bahrain - 08/11/2017)

Ithmaar Bank, a Bahrain-based Islamic retail Bank, announced the promotion of its two most senior executives to the post of Deputy Chief Executive, and named Abdulhakeem Khalil Al Mutawa Deputy Chief Executive Officer – Banking Group, and Ravindra Anant

Shuaa Capital swings to profit in third quarter, eyes acquisitions
(The National - 06/11/2017)

Shuaa Capital, a Dubai-listed investment bank, is eyeing acquisitions as it swung to a third quarter net profit thanks to cost cuts and a strong performance in the real estate asset management and credit businesses, the company said. Net profit in the

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