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Hadeel Al Sayegh

Dubai's Arabtec asks banks for debt standstill for subsidiary, sources say

15 Oct 2020

DUBAI Arabtec Holding asked banks this week for a three-month standstill on debt repayments for its subsidiary Target, sources said, as the Dubai-listed builder that is facing liquidation seeks to save some of its business.

Dubai's Arabtec asks banks for debt standstill for subsidiary, sources say

15 Oct 2020

DUBAI, Oct 15 Arabtec Holding asked banks this week for a three-month standstill on debt repayments for its subsidiary Target, sources said, as the Dubai-listed builder that is facing liquidation seeks to save some of its business.

Saudi Aramco and BlackRock, others, discussing deal worth over $10 billion: sources

13 Oct 2020

DUBAI Saudi Aramco is in talks with BlackRock and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources said.

Dubai's Majid Al Futtaim hires HSBC for sale of district cooling unit - sources

13 Oct 2020

DUBAI Dubai's Majid Al Futtaim (MAF), which develops shopping malls across the Middle East, is putting its district cooling unit up for sale, four sources with knowledge of the matter told Reuters.

UPDATE 2-Dubai's Majid Al Futtaim hires HSBC for sale of district cooling unit -sources

13 Oct 2020

DUBAI, Oct 13 Dubai's Majid Al Futtaim (MAF), which develops shopping malls across the Middle East, is putting its district cooling unit up for sale, four sources with knowledge of the matter told Reuters.

Arabtec collapse shakes foundations of Gulf construction business

07 Oct 2020

DUBAI Just over six years ago, Dubai-listed Arabtec Holding had investors eating out of its hands.

Exclusive: Saudi PIF in talks to buy stake in UAE supermarket chain Lulu - sources

07 Oct 2020

DUBAI Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is in early discussions to buy a stake in supermarket chain Lulu Group International, two sources familiar with the matter told Reuters.

Exclusive: Saudi PIF in talks to buy stake in UAE supermarket chain Lulu - sources

07 Oct 2020

DUBAI Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is in early discussions to buy a stake in supermarket chain Lulu Group International, two sources familiar with the matter told Reuters.

Saudi Arabia's BinDawood Holding prices IPO at 96 riyals a share

07 Oct 2020

DUBAI Saudi Arabian supermarket retailer BinDawood Holding has priced its initial public offering at 96 riyals ($25.59) a share, the company said on Wednesday.

UPDATE 1-Saudi Arabia's BinDawood Holding prices IPO at 96 riyals a share

07 Oct 2020

DUBAI, Oct 7 Saudi Arabian supermarket retailer BinDawood Holding has priced its initial public offering at 96 riyals ($25.59) a share, the company said on Wednesday.

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