• ENBD REIT offered shares to institutional investors at a price of $1.11 per ordinary share • REIT invests in predominantly income generating real estate • REIT has consistently made dividend distributions since inception ENBD REIT (CEIC) Limited, a Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited (the “Fund Manager”),…

In late July, Saudi Arabia announced to open its US$570 billion equity market to foreign institutions in early 2015. The market reacted positively as previous announcements were only of intent; this time the Council of Ministers gave their formal approval and asked the Capital Markets Authority to design guidelines and criteria for foreign investors. At…

The Dubai Financial Market (DFM) has suspended trading of construction firm Arabtec’s shares today (Thursday, July 17) over speculations that a major shareholder may sell stake.. Reports suggest that Aabar Investments, Arabtec’s second largest shareholder (18.94 per cent), was planning to buyout some of the shares currently owned by former CEO, and biggest shareholder (28.9…

Frontier markets of the GCC are displaying low correlation to global markets. This means that they are fast becoming financial forces to reckon with. Robust economic statistics, successful diversification of oil and gas income, increased investors’ confidence, regulatory reforms and upgrades by international index watchdogs have significantly boosted activity of the bourses in the Arabian…