Bahrain's Investcorp considers an investment vehicle IPO

The largest alternative asset manager in the Middle East, Investcorp Holdings, is thinking about listing an investment vehicle in Abu Dhabi. This would be the first initial public offering of its kind in the area.

According to those with knowledge of the situation, the Bahrain-based investor has begun preliminary planning with advisers for an IPO of the vehicle that would include some holdings in its - primarily worldwide - assets.

According to the people, who asked not to be named because the information is private, the company is collaborating on the sale with First Abu Dhabi Bank, Emirates NBD, Goldman Sachs Group, and Moelis & Co. A listing may take place as early as this year.

The people stated that discussions are still in the early stages and that the specifics of a prospective agreement are still being worked out. According to them, Investcorp is also thinking about other locations for the listing.

The Middle East is experiencing a surge in listing activity that is being supported by high oil prices and government initiatives to sell ownership interests in assets to finance the transition away from fossil fuels. Half of all revenues in Europe, the Middle East, and Africa were raised through listings in the area last year, raising little under $23 billion.

According to Sameh Al Qubaisi, director general of economic affairs at the emirate's department of economic development, at least eight companies are anticipated to list in Abu Dhabi this year. As it earned $2.5 billion through the initial public offering of its petrol business last week, Abu Dhabi National Oil Co. accomplished the largest listing in history so far this year.

Comments

1 Saudi Move & Impact On West Asian Geopolitics

As one of the most influential players in the Middle East, Saudi Arabia's actions have far-reaching consequences for West Asian geopolitics. In recent years, we've seen several moves from this powerful nation that are shaking up traditional power dynamics and creating new alliances. From its diplomatic spat with Qatar to its growing relationship with Israel, Saudi Arabia is making bold moves that could change the face of West Asia as we know it. Join us as we dive into the geopolitical implications of Saudi Arabia's latest actions and explore what they mean for the future of this critical region. Saudi Arabia has long been a dominant force in the Middle East, wielding its oil wealth and religious influence to shape regional politics. Its alliance with the United States has given it even greater sway on the global stage, making it a key player in shaping West Asian geopolitics. However, Saudi Arabia's role in the region is not without controversy. Its support for conse

Untold story of weapons in Iran

With Taliban’s takeover of Afghanistan and Iran getting its hands on the weapons, things have become extremely unpredictable in the region. In the forceful acquisition, Iran has been making several under-the-table deals with Taliban’s leader. In the widespread scam it was revealed that Iran has been stealing US military equipment despite repeated warnings of the officials and the regional heads. Increasing the regional threats and expanding the territory of fear, Taliban and Iran have joined hands to steal the equipment’s that belonged to US military while they were in Afghanistan. This has proved to be an opportunity for Tehran who has been looking to get back to American treatment of sanctions. Even with Joe Biden in power, the sanctions on Iran remain strict and even higher level talks could not help the two countries come to one state of documentation. Iran is known to fund and support terrorists in the region and with its current leader, who is an ultra-conservative Islamist.

Fights break out as Kurds protest the French government's denial of a terrorist attack

Following the murder of three Kurds in what is being considered to be a probable racist incident , there have been widespread protests in Paris. The fact that the authorities did not view the attack at a Kurdish centre as a terrorist act has enraged the Kurdish diaspora in Paris. A 69-year-old man opened fire on a crowd of individuals early on Friday morning at the Ahmet-Kaya centre on Rue d'Enghien in the 10th arrondissement. One of the three victims is badly injured. All of the dead were Kurdish community members who passed away both inside and outside the cultural centre. Agit Polat, a spokesman for the Kurdish centre, charged that French officials "yet again failed to safeguard us... This is a terrorist attack in our eyes, according to the AFP news agency. In the afternoon, a number of protestors, largely from the Kurdish diaspora, got into a fight with the police outside the centre and in the streets close by, throwing rocks and torching trash cans. Police use

Newsaholic

Search This Blog