The deal is conditioned upon Shlomo Eliahu acquiring control of Migdal from Generali, Europe's No. 3 insurer, as well as regulatory approval.
In the first half of the year, the Real Estate Appraisal Centre (REAC) at Dubai Land Department (DLD), valued 1,090 properties at the request of property owners with a total value of AED42bn (US$11.4bn), the WAM news agency reported.
The sharia-compliant investment bank bought the 107,000 sq ft building for £33.4m from accountancy firm KPMG, receiver to a failed Irish property company.
Beltone Financial, the asset manager in Egypt with over $4bn in AUM, and Altree Capital, the award-winning African asset management house, have announced the formation of Altree Beltone Capital Ltd.c
The Company's core shareholder base, which included the Public Institute of Social Securities and prominent Kuwaiti families and institutions, remained stable at end Q1 2012.
The facility will be used to finance the construction of 95 one and two bedroom apartments and redevelopment of three existing properties as part of a new retirement housing development Edgbaston, Birmingham.
As reported, the Emirati Securities & Commodities Authority (ESCA) quietly and unexpectedly unveiled the long-awaited new rules at the end of July – four days after the start of Ramadan, and at a time of year when many Emiratis leave the UAE to
National Bank of Abu Dhabi, the largest lender by market value in the UAE, picked four banks to arrange a benchmark-sized bond issue which could price within a day, lead arrangers said on Monday.
Net profit in the three months to June 30 rose to 8.58 million dinars ($30.42 million), a bourse statement said, compared to 8.50 million dinars in the same period last year.
The award by Global Finance recognizes the top performers in investments in core infrastructure assets such as airports, railways, ports, power generation and transmission, oil and gas pipelines and renewable energy projects.
The bank, rated the fourth-highest investment grade by Moody’s Investors Service, last sold dollar bonds in March, raising $750 million from the sale of five-year debt.
Responding to client demand and subject to regulatory approval, Investcorp is set to expand in the Gulf, while maintaining its significant historical presence in Bahrain.