Financial
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Emaar Properties approves $598mn cash dividends
Profits of the Dubai development titan have surged by 80% to US $1.9bn. Leading UAE developer Emaar Properties has announced that its...
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Saudi mining titan awarded DIFC captive license
The new operational status will provide Ma’aden with financial, strategic, and operational advantages. Saudi Arabian Mining Company (Ma'aden), the largest multi-commodity mining...
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Acwa Power JV closes financing on $8.5bn green hydrogen project in Neom
The total financing comprises $5.85bn in senior debt and $475mn of mezzanine debt facilities. Acwa Power’s joint venture (JV) entity has closed...
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Arada successfully closes $50mn second tap of sukuk
The recent tap issue follows exceptional investor feedback and enquiries as fund value passes $450mn. Sharjah-based developer Arada has successfully closed a...
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PIF invests $1.3bn in Saudi construction firms
Move set to encourage companies’ regional and international expansion and boost supply chain strength in the Kingdom. Saudi sovereign wealth fund PIF...
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PIF raises US $5.5bn with second green bond
The issuance is said to reflect PIF’s role as the driver of economic transformation in Saudi Arabia. Saudi Arabia’s Public Investment Fund...
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Global Partners successfully closes $212mn build-to-rent property fund
35% of the funds originated from North America, 37% from Europe and 27% from the UAE. Global Partners Limited, a DFSA regulated...
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PIF and Ma’aden sign JV to establish new entity to invest in global mining assets
The JV will have a capital of $50mn and will initially invest in iron ore, copper, nickel and lithium as a non-operating...
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Global realty investment boom led by GCC
The regional economies expected to outperform global markets in 2023, leading to strong appetite for real estate investment. With economies in the...
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GFH acquires majority stake in healthcare real estate asset manager, Big Sky
The acquisition will help GFH further its presence in the US and builds on its thematic focus on attractive and defensive markets....
