Middle East Equity

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.

Dubai-based international ports operator DP World sold a $1bn convertible bond on Thursday in the biggest equity-linked deal from the Middle East and North Africa since 2011.

UAE dock operator DP World sold a $1bn convertible bond on Thursday, the biggest equity-linked deal in the Middle East and North Africa since 2011.

Emaar will IPO its mall unit on the Dubai Financial Market after receiving a waiver on the restrictive requirements that have sent many competitors to other exchanges. Some of those competitors had hoped to snap up the Emaar Malls deal, which could be worth up to $2.5bn.

Emaar will IPO its mall unit on the Dubai Financial Market after receiving a waiver on the restrictive requirements that have sent many competitors to other exchanges. Some of those competitors had hoped to snap up the Emaar Malls deal, which could be worth up to $2.5bn.

Dubai-based oil industry service group Lamprell has launched a rights issue for £71.6m to repay the firm’s outstanding term loan ‘B’.

The newly listed shares of Emirates REIT traded up on their first day on the Nasdaq Dubai on Tuesday, after the IPO for the Sharia-compliant investment firm was increased in size and priced at the bottom of the range at the end of last week.

The newly listed shares of Emirates REIT traded up on their first day on the Nasdaq Dubai on Tuesday, after the IPO for the Sharia-compliant investment firm was increased.