emeafinance News - April 2009
Bemo Saudi Fransi Finance manages IPO on new Syrian exchange
Bemo Saudi Fransi Finance (BSFF) has been appointed as lead manager in Al Baraka Bank-Syria’s upcoming initial public offering (IPO) on the recently opened Damascus Securities Exchange.
Vodafone Qatar to launch IPO
The Qatari unit of the Vodafone group will launch an Initial Public Offering (IPO) in April. The IPO will see 40% of the company’s authorised share capital offered to investors between 12 April and 26 April 2009, before its listing on the Doha Securities Market (DSM) in Qatar.
Tullow secures $2bn new debt for Ghana oil project
African oil explorer Tullow Oil has managed to secure a massive US$2bn worth of new reserve-based debt facilities, based on its success in uncovering world-class oilfields in Africa in the past three years.
International stabilisation efforts for Romania
EU, IMF, World Bank and EBRD are joining forces to support Romania with a €20bn financial support package, it was announced on March 25.
Kremlin looks to capitalise on the crunch in former USSR
There are signs that the Kremlin is looking to capitalise on the relative economic weakness of its neighbours to expand its influence in the region.
Abu Dhabi and Qatar lead way for EM bond issues
Bankers are hoping renewed Eurobond issuance from emerging market sovereigns like Abu Dhabi and Qatar will open the door for EMEA corporate bond issues.
Two new members nominated for EFG International board of directors
EFG International has nominated two new directors for approval at its annual general meeting, scheduled for 29 April 2009.
ADIC appoints new chief investment officer
The Abu Dhabi Investment Company (ADIC) has hired two experienced executives to fill key investment and finance roles.
BMB Investment Bank appoints new CEO
BMB Investment Bank has appointed Akbar Ali Habib as the bank’s new chief executive officer.
Linklaters appoints new EEMENA head
International law firm Linklaters has appointed Stuart Salt as regional managing partner of the firm’s Emerging Europe, Middle East and North Africa (EEMENA) practice, with effect from 1 May 2009.
Kuwait approves US$5.2bn stimulus package
Kuwait’s government has approved a US$5.2bn aid package to stimulate the economy.
