Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Al Ahly Pharos Investment Banking conclude EGP 15bln for New Urban Communities Authority’s first Securitization Issuance

From a multi-issuance program with a total value of EGP 30 billion

First securitized bond issuance for Enmaa Finance Company

Worth EGP 759 million Al Ahly Pharos Investment Banking Concludes Advisory on Al Ahly Securitization’s first Securitization Issuance of the First Program secured by the portfolio assigned by Enmaa Finance Company

UAE bank investments hit record high of Dhs541bn in February

The CBUAE update showed a year-on-year growth of 15.2 per cent over the same period last year

Bank Muscat honoured with 2 prestigious awards by Arab Federation of Capital Markets

Bank Muscat has a successful track record of providing innovative and customized financing solutions to suit the unique requirements of its customers.

AIIB to open first overseas office in Abu Dhabi, UAE

ADFD mandated to represent the UAE on the Bank's Board and to actively participate in its periodic meetings

Deutsche Bank lands ECM Bank of the Year For Primary Capital Raising in GlobalCapital’s 2022 EMEA ECM Awards

The GlobalCapital Awards are the only bespoke awards dedicated to equity capital markets in the EMEA region.

EFG Hermes concludes advisory on HSB fourth, EGP 250mln senior unsecured short-term note issuance

The first issuance in a newly approved, two-year program worth EGP 2 billion

EFG Hermes concludes landmark advisory on $244 million IPO of Abraj Energy Services

IPO a key milestone in line with Oman’s 2040 vision

EFG Hermes concludes advisory on Al Taamir Mortgage Finance

Al Oula’s first securitization issuance worth EGP 998.5 million

Al Baraka Group’s 2022 net profit increases by 52% to $239mln

Out of which US$143mln attributable to shareholders

HSBC embarks on Saudi Arabia hiring spree amid deals boom

HSBC declined to comment on how many such bankers it already employs in Saudi Arabia.

Emirates Investment Bank to seek shareholder approval to raise capital base to Dh1b

Private bank had slipped into losses of Dh35m in first nine months of 2022

EIB provides Egypt's private sector with $515M in 2022

During their meeting, they discussed the fruitful cooperation between the Ministry of International Cooperation and the EIB over the course of 2022, at the level of various development cooperation efforts and in meeting national development priorities.

Investment banking fees generated in MENA reach $1.6bn in 2022, up 5%

HSBC Holdings earned the most investment banking fees in the region during 2022, a total of $120.3 million, or a 7.5 percent share of the total fee pool, followed by Citi and JP Morgan.

Al Ahly Pharos Investment Banking concludes advisory on Global Corp Financial Services third securitization issuance worth EGP 1.023bln

The bond was fully covered through a subscription of National Bank of Egypt , Arab African International Bank, Abu Dhabi Commercial Bank & AttijaraWafa Bank of Egypt

Investment Bank