Mutual Funds

Negotiations with lenders are still at an early phase
14 April 03:24 PM Saudi PIF eyes $5-8bn bridge loan
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) is reportedly in initial negotiations with banks to obtain a bridge loan expected to range from $5 billion to $8 billion, depending on the response of lenders, sources told Bloomberg …
ADCorp has raised funds at a value surpassing $100 million in January
8 April 02:48 PM ADCorp records profit in FY18, mulls new funds in 2019
Mubasher: ADCorp announced a positive performance for its income statements for fiscal year 2018, its first year of operations. During its meeting on 26 March 2019, the board approved the FY18 financials and also approved the launch of two new …
This new fund is expected to create more than 1,000 direct new jobs
3 April 10:49 AM EIB injects $15m in African fund to boost SME business
Mubasher: The European Investment Bank (EIB) has signed an agreement valued at $15 million with the SPE Africa Industrialization I Fund (AIF I) to endorse the growth of capital investments in the Middle East and North Africa (MENA) region. SPE …
These dividends will be for the period from 1 January to 31 March
27 March 12:23 PM SEDCO Capital REIT to distribute SAR 10m dividends for Q1
Riyadh – Mubasher: Saudi Economic and Development Securities Company (SEDCO Capital) on Wednesday announced the distribution of cash dividends worth SAR 9.9 million to the SEDCO Capital REIT Fund’s unitholders. These dividends will be for the …
Abu Dhabi's state investor is targeting investments in several sectors including hi-tech industries
21 March 04:44 PM UAE Mubadala seeks fresh investments in Asia
Abu Dhabi – Mubasher: Mubadala Investment Company is looking to inject more investments and strike new partnerships in Asia over the coming period. Abu Dhabi's state investor is targeting investments in several sectors including hi-tech …
AGL will use about $450 million for the leveraged-loan strategy
19 March 04:37 PM ADIA unit to invest $500m in leveraged loans-focused fund
Abu Dhabi – Mubasher: Thomas H. Lee,  a US private equity pioneer, and institutional investors are to invest in a newly-formed AGL Credit Management, a private credit investment firm that aims to produce high-single-digit returns. AGL has been …
Investor concern about the real estate sector has played a significant role in remodelling the world’s largest investment fund’s positions
28 February 01:46 PM World's largest wealth fund invests $346.55m in UAE firms in 2018 – Analysis
By: Mahmoud Gamal Dubai – Mubasher: Norway's sovereign wealth fund, the world’s largest, raised its investments in 19 Emirati companies by 13.3%, or $40.5 million, in the full-year 2018. The fund’s, formally known the Government Pension Fund …
The total value of distributed cash dividend amounted to SAR 44.69 million
13 February 05:14 PM AlAhli REIT Fund1 reveals 3.2% cash dividend for H2-18
Riyadh – Mubasher: NCB Capital announced the cash distributions to the unitholders of AlAhli real estate investment traded fund 1 (AlAhli REIT Fund1) for the six-month period ended 31 December 2018 at SAR 0.325 per unit, representing 3.2% of the …
The approval of the fund should never be considered as a recommendation to subscribe to the fund.
10 February 10:52 AM CMA OKs public offers of Samba Sovereign Sukuk Fund, Audi Income Fund
Riyadh – Mubasher: The Capital Market Authority of Saudi Arabia (CMA) on Sunday announced that it has approved the public offer, by Audi Capital Company, of Audi Income Fund. It has also nodded to SAMBA Capital and Investment Management Company’s …
Al Imtiaz expects annual cash return of 9%
24 December 2018 03:11 PM Al Imtiaz invests $4m in foreign fund
Mubasher: Al Imtiaz Investment Group announced that a 68.05%-owned subsidiary has subscribed a total of $4.1 million in a foreign group investment fund. The fund is established in Cayman Islands and authorised from the Capital Markets Authority …
ADFD has offered AED 1.285 billion in concessionary loans over seven annual funding cycle
14 November 2018 02:09 PM ADFD, IRENA invite firms to apply for over $50m funding
Abu Dhabi – Mubasher: Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Agency (IRENA) are inviting applications for more than a $50 million funding through the IRENA/ADFD project facility. The financed initiative is …
The new investment follows Hyperoptic’s successful GBP 250 million debt raise this summer
7 November 2018 05:22 PM Abu Dhabi’s Mubadala acquires stake in UK’s Hyperoptic
Abu Dhabi – Mubasher: UK-based Hyperoptic on Wednesday announced that it has inked an agreement with Mubadala Investment Company (Mubadala), the investment arm of Abu Dhabi’s government, with assets under management of $225 billion. Under the …
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31 October 2018 05:36 PM IFC invests $15m in BECO Capital funds
Dubai - Mubasher: The International Finance Corporation (IFC), a member of the World Bank (WB) Group, is investing a total of $15 million in investment funds managed by BECO Capital, MAGNiTT reports. IFC has invested $5 million in BECO Capital’s …
This selling transaction was concluded on Sunday, 25 March
26 March 2018 03:29 PM Kuwait’s Global exits stake in MSM-listed Al Jazeera Steel
Mubasher: Global Capital Management (GCM), the alternative asset management arm of Kuwait’s Global Investment House, has executed a successful exit of its controlling stake in Al Jazeera Steel Products Company, Omani company listed on Muscat …
The Opportunities Fund is valued at $100 million
11 March 2018 04:01 PM Bahrain’s Investcorp to launch $100m fund for Omani Pension Funds
Mubasher: Investcorp, a Bahraini leading global provider and manager of alternative investments, will launch a fund dedicated to Oman’s Pension Funds, according to a recent statement. The Opportunities Fund is valued at $100 million and was …
KAMCO posted a decline of 10.9% in profits in FY17
27 February 2018 04:22 PM KAMCO’s property portfolio reached $263m – CEO
Mubasher: KAMCO Investment has signed a number of major contracts in the real estate sector across the region, reflecting positively on the growth of the company’s international property portfolio, the CEO of KAMCO, Faisal Sarkhou, said in a …
The subscribed investment is authorised by the CMA
11 January 2018 04:56 PM Al Imtiaz’s subsidiary invests $6m in Cayman Islands fund
Mubasher: Al Imtiaz Investment Group announced that its 68.62%-owned subsidiary Al Bilad Real Estate Investment Co has subscribed $6 million or KWD 1.81 million in Cayman Islands fund. Al Bilad’s subscription has been executed in a grouped foreign …