Region - Middle East
IFC leads financiers to close US$207.5mn package to back construction of seven plants.
Investment firm Fajr Capital has led a consortium to buy a minority stake in GEMS Education, a UAE-headquartered company that runs more than 50 schools around the world as well as a consulting practice and a charity.
Dubai-based Fajr Capital, shareholders in which include sovereign funds from Abu Dhabi, Brunei and Malaysia, teamed up with Bahraini sovereign fund Mumtalakat and private equity group Blackstone to back GEMS’ operations in the Middle East, North Africa and East Asia.
After announcing the deal, Fajr Capital chief executive Iqbal Khan talked to EMEA Finance editor Tim Burke about the investment and plans to grow GEMS’ business.
Dubai-based schools operator welcomes three new shareholders.
Law firm hires London-based high-yield finance specialist.
Dubai private equity firm Abraaj acquires South African food and personal care manufacturer.
Japanese bank appoints new EMEA head.
South African bank responds to aggressive stake-building by Qatari bank.
Bank names new head of global issuer services.
National Bank of Fujairah's new business will start with retail offering before moving into corporate banking.
Bank undergoes first change in governorship for 23 years.
Healthcare and education provider the latest in a series of companies to announce Dubai flotation.
- Qatari bank makes first foray into the syndicated market.
- Doubles size of the deal after 240% oversubscription for initial US$100mn transaction.
- Barclays, Commerzbank, HSBC and First Gulf Bank act as initial MLAs; joined by seven others in syndication.
UPDATE: Book for five-year issuance at US$1.2bn as of mid-morning Tuesday.
Saudi bank will float 25% of its capital on the domestic stock exchange.
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