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

Sovereign Fund of Egypt aims to double $1bn investment portfolio in 2022

Diversification into new sectors and a focus on the 'green economy' are key goals this year, says chief executive Ayman Soliman

Barwa Real Estate to sell shares in Al Imtiaz Investment Group

The sale process will take place in accordance with the regulatory procedures issued and the regulations set by the Kuwaiti Capital Markets Authority and the Kuwait Stock Exchange.

Abu Dhabi's Chimera closes second venture capital fund at $10bln

The new fund, Alpha Wave Ventures II, will focus on the financial tech, artificial intelligence, life sciences, consumer internet and business to business sectors, Chimera said

MENA equity capital markets raised $14.5bln in 2021 - Refinitiv

IPOs accounted for over half of total proceeds

M&A growth will continue in Saudi Arabia in 2022: Sovereign AEI

FDI advisors saw 30% increase deal activity across all corporate products and services in the kingdom from 2020 to 2021

UK private credit manager opens Dubai office to launch Gulf growth

Pemberton, which has nearly $16 billion of assets under management, is seeking to attract new clients in the Middle East

Saudi Fund’s Digital Security Firm Seeks $820 Million From IPO

The IPO comes as countries in the Middle East step up efforts to sell shares in private companies and boost liquidity on their stock markets.

Attractive property prices continue to draw tenants and investors

Bayut & dubizzle's Annual Abu Dhabi Sales and Rental Market Report 2021

Qatari sovereign fund-backed Barwa to sell 24% stake in Al Imtiaz Investment Group

More than 276mln shares will be disposed of, property firm says

Turkey May Spend $3.8 Billion to Boost State Banks’ Capital

Turkey’s sovereign wealth fund will boost core capital of TC Ziraat Bankasi AS

Egypt’s debt instrument market gets $970mln investments

These investments in Egypt’s debt instruments reflect the robust rebound of foreign investments in the Egyptian market in 2022

Masdar Green REIT signs green financing commitment with First Abu Dhabi Bank

FAB will act as sole mandated lead arranger and bookrunner, green loan coordinator and account bank for this transaction

Africa Finance Corp. secures new funders from South Korea, Dubai

While the funds mostly replaced maturing debt, the fund raising attracted new lenders from South Africa, the Middle East and South Korea.

Saudi Arabia kicks off the year with a $755 million sukuk issuance

The Saudi Finance Ministry established the sukuk program through the NDMC in July 2017.

Abu Dhabi’s Taqa to press ahead with Dh40bn investment plan as part of renewables push

The company plans to add about 27 gigawatts of power capacity and expand its renewables portfolio

SaaS funding: Saudi Arabia-based Lucidya secures $6mln

The company serves over 100 enterprise customers in more than 6 countries

Aldar unveils $490m sustainable city project in Abu Dhabi

Construction of the 864-unit development will begin in the fourth quarter, top executives say

Two new firms to join Saudi Exchange’s parallel market on Tuesday

AME Co. for Medical Supplies’ IPO prospectus was issued in late December last year, financial advisor Aldukheil Financial Group said in a bourse statement.

Bahrain's GFH Financial sets up new company with $1bln capital

Launched to manage a portfolio of infrastructure assets and developments valued at approximately US$3bln

HSBC Reclaims Bond Crown in Mideast and Awaits Spurt to Beat Fed

HSBC topped league table for MENA debt underwriting last year

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