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Gate Capital Newsletter 1 Issue 458 Gate Capital Weekend Brief 7- 13 January 2021 In this issue Adio partners with start-up Dubai's Shuaa Capital-led accelerators… consortium… Adio partners with start-up accelerators Microsoft and Plug and Play The Abu Dhabi Investment Office (Adio) UAE-based asset management and has partnered with Microsoft and Plug and investment banking firm Shuaa Capital Dubai's Shuaa Capital-led consortium Play to roll out initiatives… has completed a debt buyout of… buys $308mln debt of Stanford Marine NADEC inks MoU to acquire flour mill offered by SAGO for privatization Read more Read more The National Zawya Saudi Aramco in talks over $7.5bn loan to 12.01.2021 10.01.2021 court oil pipeline Investors Saudi’s futuristic new city will boost sustainability credentials Acwa Power gears up for commercial ops NADEC inks MoU to acquire flour mill offered by SAGO for of $160m Oman IWP project privatization Acciona completes work on SWCC's Al Khobar desal plant National Agricultural Development Co. (NADEC) signed yesterday a non-binding memorandum of understanding… Bahrain-based Investcorp's Calligo acquires UK MSP Network Integrity Systems Read more Zenith, Fleet partner for new acquisitions Argaam in Mena 12.01.2021 Instashop and Zomato owner launches $60.77mln venture capital fund Citigroup plans to triple wealth management assets in the UAE Saudi Aramco in talks over Saudi’s futuristic new city… ABV marks first close of $25m venture $7.5bn… capital fund SASCO signs SAR 630 mln credit facility agreement with Al Rajhi Bank UAE's ADQ picks up minority stake in India's Biocon Biologics DP World unit signs deal with Israel's logistics firm Saudi Arabia's Sama rolls out crowdfunding regulations to open new financing avenues Read more Arab News DAE raises $1.25bln by selling four, Read more 11.01.2021 seven-year dollar bonds Arabian Business 13.01.2021 Acwa Power gears up for Acciona completes work on Bahrain-based Investcorp's commercial ops of… SWCC's Al Khobar… Calligo acquires… A major independent water project - being Spanish infrastructure major Acciona said BAHRAIN - Investcorp, a Bahrain-based developed by Saudi-based Acwa Power in it has completed the construction of Al asset manager that counts Mubadala consortium with French utility company Khobar I desalination plant in Saudi Arabia Investment Company as its biggest Veolia and Oman-based Dhofar for the Saline Water Conversion shareholder, announced on Wednesday that International Development and Investment Corporation. its portfolio company, Calligo Holdings Holding Company (Didic) - in the Salalah Limited, an end-to-end managed data region of Oman is set for commercial services provider, has acquired Network operations, said a report. Integrity Services (NIS). Read more Read more Read more Trade Arabia Trade Arabia Zawya 13.01.2021 10.01.2021 13.01.2021 Zenith, Fleet partner for new Instashop and Zomato owner Citigroup plans to triple wealth acquisitions… launches $60.77mln… management… Zenith Energy has entered into a Delivery Hero, owner of Dubai-based Citigroup’s wealth-management business cooperation agreement with Dubai- shopping delivery app InstaShop, has in the UAE plans to triple assets under headquartered Fleet Oil & Gas to jointly launched a venture capital fund to invest in management to $15 billion over the next identity and pursue oil and gas production founder-led disruptors of traditional five years by increasing the number of its and exploration acquisitions in the industries. client-relationship managers. Mediterranean, the Middle East and Africa. Read more Read more Read more Trade Arabia Zawya Arabian Business 13.01.2021 13.01.2021 12.01.2021 ABV marks first close of $25m SASCO signs SAR 630 mln UAE's ADQ picks up minority venture capital… credit facility… stake in India's… Access Bridge Ventures (ABV), a Saudi Automotive Services Co. (SASCO) ADQ, one of Abu Dhabi's largest holding regionally-focused early-stage venture signed a Shariah-complaint bank facility companies, has acquired UAE-based capital fund, has made a first close. The agreement, worth SAR 630 million, with Al Pharmax Pharmaceuticals and has invested fund, which will target a final commitment Rajhi Bank on Jan. 7, 2021, the firm said in in India's Biocon Biologics to expand its of over $25 million, garnered investments a statement to Tadawul. growing healthcare and pharma portfolio to from leading regional institutional include pharmaceutical development and investors. manufacturing. Read more Read more Read more Trade Arabia Argaam Zawya 11.01.2021 10.01.2021 10.01.2021 DP World unit signs deal with Saudi Arabia's Sama rolls out DAE raises $1.25bln by selling Israel's logistics… crowdfunding… four, seven-year… DP World’s port-centric logistics arm Saudi Arabia's Central Bank set new rules Aircraft leasing firm Dubai Aviation Smart Solution Logistics FZE (SSL) has governing crowdfunding-based activities as Enterprise has raised $1.25 billion through signed an agreement with Israel-based it looks to open up more avenues of funding the sale of four and seven year unsecured Allalouf Logistics to explore new growth for smaller businesses and broaden the pool dollar bonds, according to a document seen opportunities for the logistics and general of liquidity in the kingdom. by Reuters. freight forwarding business in the UAE and Israel. Read more Read more Read more Trade Arabia The National Zawya 12.01.2021 12.01.2021 13.01.2021 FAB raises $500m through IHG adds to Saudi portfolio Developer secures new funding lowest-priced Mena… with new Holiday… to help finance… First Abu Dhabi Bank, the UAE's biggest IHG Hotels & Resorts has signed an Developer Arada, which is building the bank by assets, raised $500 million through agreement to manage a new property in the AED24 billion Aljada real estate scheme in a benchmark sukuk, the first global Sharia- Saudi capital as part of its expansion in the the heart of New Sharjah, has secured new compliant bond offering of the year, as it Kingdom. funding from banks to help finance all continues to diversify its funding base. residential phases of the project. Read more Read more Read more The National Arab News Arabian Business 11.01.2021 11.01.2021 11.01.2021 Market Indicators Purchasing Manager's Index (PMI) S&P GCC Composite & MSCI World Indices Shangri-la Business Tower, Office 807 Sheikh Zayed Road Dubai-UAE PO Box: 215378 Tel: +971 (4) 3866400 Fax: +971 (4) 3866407 [email protected] www.gatecapital.net Source: HSBC, JP Morgan, Markit S&P Indices & MSCI Inc Disclaimer: Gate Capital Ltd. undertakes all reasonable measures to ensure the reliability of the information included in this Newsletter. Information contained in this publication has been compiled from sources believed to be reliable but no representation and no reliance should be made on the accuracy, completeness or correctness of the information. Contents in this publication do not reflect the recommendation, opinion or views of Gate Capital Ltd. but serve purely for information purposes. Powered by TCPDF (www.tcpdf.org).
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