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- New Saudi real estate directives reinforce home ownership goals: Finance minister
25/06/2013 18:29 AST
Abu Dhabi's Shuweihat 2 (S2) power plant has mandated six banks to help arrange a potential bond issue, lead arrangers said on Tuesday.
BNP Paribas, Citigroup Inc, HSBC Holdings , Mitsubishi UFJ Securities, National Bank of Abu Dhabi and Standard Chartered will arrange fixed income meetings in the United States, Europe, the Middle East and Asia ahead of a potential sale, arranging banks said.
A bond issue which would be open to institutional investors in the United States could follow during the course of 2013, subject to market conditions.
S2 is 54 percent owned by Abu Dhabi National Energy Co (TAQA). Abu Dhabi Water and Electricity Authority holds a 6 percent stake.
The remaining shareholding is split between a 20 percent stake held by France's GDF SUEZ, and a 10 percent ownership each by Marubeni Corporation and Osaka Gas Co.
CPI Financial
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03/04/2025
The capitalization levels of Qatar banks remained robust. Average capital adequacy ratio (CAR) came in at a robust 19.8 percent with all banks generating strong CARs. Qatar's banking sector posted an
The Peninsula
03/04/2025
Saudi Arabia's newly announced real estate directives underscore the Kingdom's commitment to increasing homeownership among its citizens, according to the finance minister.
The changes were
Arab News
03/04/2025
Economies across the Gulf Cooperation Council region are closing the gap with advanced nations when it comes to digital transformation, according to a new International Monetary Fund report. The st
Arab News
03/04/2025
Inbound tourism spending in Saudi Arabia surged to a record SR153.61 billion ($40.95 billion) in 2024, marking a 13.82 percent annual increase, according to data from the Saudi Central Bank.
Arab News
30/03/2025
Mergers and acquisitions in Saudi Arabia recorded a 55 percent annual rise in 2024 as deal value hit $9.6 billion, fueled by foreign investors and key sector activity.
According to Marsh's T
Arab News
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