The new firms will be listed as Tier-2 stock without the need for initial public offerings (IPO), Baloushi said but did not give further details. Discussions were underway with the market regulator and he expected an approval to be given.
Since the departure of chief executive Andrew Moss last year, Aviva pledged it would dramatically overhaul the company by focusing on fewer businesses and shedding those that have high losses and high claims.
The sovereign wealth fund, also known as ADIA, has been a preferred bidder since last summer and the sale includes hotels in London and Edinburgh, the person said, asking not to be identified because the deal hasn’t been made public.
None of the lenders decided to take the offer before the deadline expired last month, the bankers said, asking not to be identified as talks aren’t public.
The bond issue was "nearly four times oversubscribed", Salah Al Fulaij, the chief executive of NBK Capital, said.
"We can offer a variety of ETF administration solutions to support our client's unique requirements for transparency and reporting, and are delighted to continue to work with National Bank of Abu Dhabi supporting the enhancements to this landmar
Dubai’s property sector is the most popular asset class for Middle Eastern investors buoyed by its improved economic outlook, stable political situation and recovering rental and values, a report said.
The regional fund industry is showing greater optimism and confidence in 2012 compared with 2011, Advent Software, Inc. said in its white paper titled “Middle East Fund Survey 2012”.
The uncirculated notes all feature the same early serial number, which makes them even rarer, said the auction house.
The Bahraini delegation comprises the CBB governor Mr. Rasheed Al-Mi'raj, the CEO director for Banking Operations in the CBB Shaikh Salman bin Isa Al Khalifa, and the EDB financial services director Boyd Winton.