Middle East Equity

Saudi National Commercial Bank opened up on Sunday for what could be the Gulf's biggest ever book build, as well as EMEA's biggest deal this year.

Shares in Emaar Malls, the recently listed company that owns the Dubai Mall, surged on its first day of trading on Thursday, providing hope for bankers that had said the company's aftermarket performance could make or break Dubai's IPO reforms.

Emaar Malls raised $1.6bn through an IPO completed over the weekend, which bankers hope could open up what they have called one of the biggest liquidity hubs in the world.

Emaar Malls began bookbuilding on its up to $10.3bn IPO on Sunday, hoping to command a premium to its net asset value through the deal.

Kuwaiti mobile operator Zain has delayed a sale of its Bahraini subsidiary, set to be the country's first IPO in years, by two weeks.

Emaar Malls began bookbuilding on its up to $10.3bn IPO on Sunday, hoping to command a premium to its net asset value through the deal.

Ithmar Capital sold an £88m stake in Abu Dhabi healthcare firm Al Noor on Wednesday night, taking the first opportunity since a lock-up period ended just before the summer lull to further reduce its stake.

Borse Dubai closed the books last night on the sale of a 3.1% stake in the London Stock Exchange Group for £171.7m, as it readies funds to fully subscribe to the UK exchange’s planned rights issue.

Emaar Properties launched a long expected IPO of its mall unit on Monday, making it the first company to jump into what is expected to be a very busy autumn new issue market.

Dutch fertiliser firm OCI is set to spin off its engineering and construction group through an IPO that could take place before the end of the year.

Kuwaiti mobile operator is to sell 15% of its holding in its subsidiary Zain Bahrain as the company is set to launch Bahrain’s first IPO since 2010 next month.

Two Gulf power firms surged on their first day of trading on Monday, after completing their IPOs together last week.