Issue 268

Weekend Brief

11 - 17 May 2017

In this issue Nestle officially opens Mubadala said to invest $15 bln in SoftBank tech fund Dhs530m… -based Mubadala Investment Co. is looking to invest up to $15 billion

Nestle officially opens Dhs530m Nescafe, in SoftBank… Maggi factory in South Nestle officially opened its Al Maha factory in Dubai on Tuesday, marking the Mubadala said to invest $15 bln in opening of its 18th factory… SoftBank tech fund Read more Argaam Ras Al Khaimah to build massive 15.05.2017 Dh700m power station Read more Gulf Business NBAD reports AED2bn trading 16.05.2017 Marcolin forms JV with Rivoli

Fund led by Alabbar acquires JadoPado Dubai secures $3bn airports financing Ras Al Khaimah to build NBAD reports AED2bn Al-Khodari says major shareholder plans massive… trading stake sale Ras Al Khaimah is set to have a massive A total of AED2 billion ($544 million) UAE's Azizi says new Dubai project 57% sold before launch power station, worth Dh500-Dh700 worth of transactions were conducted via million for the benefit of… National Bank of Abu… Maaden spends SAR 4.73 bln of rights issue proceeds by Q1 Audacia Capital to establish medical Read more Read more facility in Dubai Khaleej Times Arabian Business 17.05.2017 15.05.2017 AlBaha completes Al-Marakiz Al- Raqiyah’s acquisition

Invest AD offers Bond Investment Product to institutional investors Marcolin forms JV with Rivoli L’Azurde invests SAR 2 mln in new accessories line Marcolin Group, a leading eyewear company, announced on Sunday that it Sheikh Mohammed launches Dubai's new $1.7bn mega-project has signed a joint venture agreement…

Alinma Tokio shareholders’ approve capital cut Read more Gulf News Two properties of late Sheikh Saleh Al- 14.05.2017 Rajhi sold for SAR 385 mln

Fund led by Alabbar acquires Dubai secures $3bn airports Al-Khodari says major JadoPado financing shareholder plans…

A technology fund led by Dubai billionaire Dubai has secured $3 billion credit Abdullah A. M. Al-Khodari Sons Co. said Mohamed Alabbar has acquired UAE e- facilities for the expansion of its two that its major shareholder, Al-Khodari Sons commerce and online marketplace website airports. The financing will be used for the Investment Holding, is planning to sell JadoPado. "JadoPado has been acquired by expansion and development of Dubai stake in the contractor to other shareholders the tech-fund launched by Mohamed International Airport (DXB) and Al or 3rd parties, under the applicable market Alabbar, in the first of several acquisitions Maktoum International Airport (DWC). regulations. The move comes as part of Al- and partnerships as part of his digital/tech Khodari Investment’s strategy to investments in the region. restructure its holdings in subsidiaries.

Read more Read more Read more Trade Arabia Arabian Business Argaam 12.05.2017 14.05.2017 11.05.2017

UAE's Azizi says new Dubai Maaden spends SAR 4.73 bln Audacia Capital to establish project 57% sold… of rights issue… medical facility…

UAE-based Azizi Developments has Saudi Arabian Mining Co. (Maaden) has Investment bank Audacia Capital and Dr. announced that 57 percent of Azizi Aura, its used SAR 4.188 billion out of its SAR 5.6 Abdul Karim Msaddi have entered into a first project in Downtown Jebel Ali, has billion in rights issue proceeds by the end of partnership to establish a leading been sold ahead of its official launch. Q1-2017, as equity contribution to Maaden neuroscience and spine Centre of Azizi Aura is part of the 38-building project Waad Al Shamal Phosphate Co. The Excellence and an advanced oncology defining Downtown Jebel Ali, said Farhad remaining SAR 871 million will be utilized centre in Dubai. Audacia Capital is leading Azizi, CEO of Azizi Developments. to finance the company’s equity investment a group of Saudi and Qatari investors to in the phosphate project. inject AED 180 million into the new 120-bed facility.

Read more Read more Arabian Business Argaam Read more 14.05.2017 14.05.2017 CPI Financial 14.05.2017

AlBaha completes Al-Marakiz Invest AD offers Bond L’Azurde invests SAR 2 mln Al-Raqiyah’s… Investment Product… in new accessories…

AlBaha Investment and Dev't Co. has Invest AD, Abu Dhabi-based asset L’Azurde for Jewelry Co. has invested completed the acquisition of Al-Marakiz Al- manager, has partnered with the Swiss Bank SAR 2 million to launch a new line in Raqiyah Ltd. by issuing 14.5 million Julius Baer to offer an innovative GCC men’s accessories, the company said in a ordinary shares at par value to Al Marakiz fixed income investment note that responds statement on Tadawul. The investment shareholders. AlBaha shareholders to the fast changing investment will cover finance working capital and recently approved plans to raise capital to requirements of regional institutional support products development and SAR 295m from SAR 150m in order to be investors, such as insurance firms, pension marketing in the initial stage. able to complete the acquisition. funds and sophisticated family offices. The new investment note, structured

Read more Read more Argaam Read more Argaam 11.05.2017 Zawya 11.05.2017 14.05.2017

Sheikh Mohammed launches Alinma Tokio shareholders’ Two properties of late Sheikh Dubai's new $1.7bn… approve capital… Saleh Al-Rajhi… Dubai Ruler Sheikh Mohammed has Alinma Tokio Marine Co.’s general 2 commercial properties from the late announced the launch of Marsa Al Arab, assembly on Wednesday approved a 33.33 Sheikh Saleh Al-Rajhi’s estate, worth a 's latest tourist destination percent capital reduction to SAR 300 total of SAR 385m., were sold in the 2nd development in the emirate. The $1.7 million from SAR 450 million, to offset auction on May 13 in Jeddah, ff. the 1st billion mega-project, spread across 4 accumulated losses, the company said in a auction last week in Riyadh. Al Andalus Al million sq. ft, will be developed on new two statement on Tadawul. Suhaili Center was sold for SAR 197m, islands on both sides of while Saudi Business Center and Jumeirah. accompanied land went for SAR 188m.

Read more Read more Argaam Read more Arabian Business Argaam 11.05.2017 14.05.2017 14.05.2017

Invest Africa and Global Foreign investors pumping UAE Firm to Invest U.S.$50 Investment Bank… billions into… Million in Kigali…

Invest Africa has announced a strategic More than 25% of total foreign investment A United Arab Emirates based firm, partnership with Dubai-based Global was made into Abu Dhabi’s real estate and Cheikh Rakadh Group, has committed to Investment Bank to collaborate on impact infrastructure projects last year, according invest $50 million (about Rwf41 billion) in investment strategies capable of delivering to data issued by the Statistics Centre - Abu the recently launched Rwanda Smart City sustainable positive social impact in Dhabi. Nearly $6.54bn was pumped into the Master Plan. The agreement, signed during Africa. Zahara Malik, head of Invest real estate sector by foreign investors out of the just-concluded Transform Africa Africa’s UAE chapter, will be joining GIB the total $25.86bn received in foreign direct Summit in Kigali, aims at financing the in Dubai and will lead this partnership. investment. implementation of the Kigali Smart City MasterPlan. The UAE firm

Read more Read more CPI Financial Arabian Business Read more 14.05.2017 15.05.2017 All Africa 15.05.2017

Shareholders of SADAFCO’s Gulf flooring market to reach 3 subsidiaries… $10bn

The extraordinary general assembly of The flooring market across the Gulf is set Saudia Dairy and Foodstuff Co.’s for a decade of strong growth and is (SADAFCO) fully-owned subsidiaries expected to reach an annual value of $10 -National Sight Holding Co., National billion by 2026. The report revealed that Buildings Real Estate Co., and United widespread new builds and renovation Gulfers Transport Co. have approved the projects throughout the region will lead to liquidation report and the cancellation of the consistent, exponential growth of more than companies’ commercial registrations. five per cent per annum.

Read more Read more Argaam Trade Arabia 17.05.2017 15.05.2017

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