Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Al Masah plans up to $250million IPO investment fund  Join our daily free Newsletter

MENAFN - Khaleej Times - 10/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Al masah capital sees positive growth outlook for capital markets in the middle east and north africa and plans to set up a fund of up to 250 million to invest in increasing initial public offerings (ipos) across the region and south east asia its top official says

“we are going to launch an ipo fund based in luxembourg to invest in key sectors in the region. the two-year closed-end fund will be operational by june this year” shailesh dash chief executive of al masah capital told khaleej times on the sidelines of the fourth annual investor forum on wednesday.


He said strong rebound in capital markets has set the stage for a flurry of ipo launches across the region and the trend will continue in the coming days.


“about 25 ipos have already been planned and some of them even listed on local stock markets while others preferred to register on the london stock exchange and other places” he said adding that many more ipos are in the pipeline.


The mena region witnessed a total of 17 ipo closings worth 836.6 million in 2013 according to mena yearbook launched by al masah capital at the forum.


“given improving global economic activity and sentiments good quality businesses are preparing for ipos over next three to 12 months indicating that the ipo pipeline is likely to be strong in 2014” the report said.


Dash said the proposed ipo fund would invest in the real estate logistics and transport sectors. “we have recently invested in emirates reit and are open to invest in more realty funds but the real growth will come from the logistics and transport sectors. we are also looking at joint venture opportunities and acquisition in aviation oil and gas segments” he said.


Earlier ahmad farouk mohammed executive director investment and strategic management and islamic head khazanah nasional gave a presentation on south-east asia as an emerging investment destination and its links with the middle east region.


“we invested about 25 per cent of our investment portfolio in overseas market and are planning to take this limit to 35 per cent to expand our presence in the middle east and turkey in near future.”


“we want to invest in a good number of strong relationships” he said adding that asean which consists of 10 countries with a total population of 616.6 million also holds good investment potential in many key areas.


In his presentation on the outlook for emerging markets asia and the middle east chief investment officer of robeco hong kong arnout van rijn highlighted the healthy macroeconomic conditions in the region and said healthy gross domestic product and large current surpluses provided boost to the local economies in middle east. he said global events like expo 2020 in dubai and the fifa world cup in qatar pave the way for infrastructure spending across the region.


He also discussed investment prospects in china indonesia and south korea and said investors are looking for structural growth and they are not serious in cyclical growth in some asian nations.


— muzaffarrizvi?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 Apr 21 2015 - Abu Dhabi Reads bears fruit as more children make reading a daily habitEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) A campaign initiated by Abu Dhabi among school children to promote reading is finding succes as reading is slowly becoming an activity of choice for Abu Dhabi ...

 Apr 21 2015 - UAE participates in third Forum of the Global Network for Sustainable Cities in ParisEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The UAE has participated in the third Forum of the Global Network for Sustainable Cities, organised by the Department of Energy and Climate Change in the ...

 Apr 21 2015 - UAE's Aldar Properties inaugurates three housing projectsMENAFN
(MENAFN) Aldar Properties, the real estate management and Investment Company with headquarters in Abu Dhabi, inaugurated three new housing projects in the UAE capital, Arabian Business reported.Aldar ...

 Apr 21 2015 - Emirates ID reopens Customer Centres after renovationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Emirates Identity Authority has reopened its seven customer services centres annexed to Preventive Medicine Centres, which were temporarily closed in ...

 Apr 21 2015 - Mohammed Bin Rashid issues Decree on defaulted businesses in DubaiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) In his capacity as Ruler of Dubai, UAE Vice President and Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Decree No 10 of 2015 ...

 Apr 21 2015 - Deputy Minister of Presidential Affairs receives Palestinian, Mauritanian ambassadorsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Ahmed Juma Al Zaabi, Deputy Minister of Presidential Affairs, has received Issam Mosalheh, Palestinian Ambassador to the UAE.During the meeting, the two sides ...

 Apr 21 2015 - Sugar prices remain stable after duties imposed on imported sugar: MehlebDaily News Egypt
(MENAFN - Daily News Egypt) In a meeting with chairmen of sugar manufacturing companies, the government has pledged that sugar prices will not increase, Prime Minister Ibrahim Mehleb announced.This ...

 Apr 21 2015 - Egypt's economic growth in 2H of 2014/2015 to be between 4.2%-4.5%: SalmanDaily News Egypt
(MENAFN - Daily News Egypt) Egypt expects its economy to grow between 4.2%- 4.5% in the second half of the current fiscal year, Investment Minister Ashraf Salman told state-run news agency MENA.The ...

 Apr 21 2015 - Edita, Hostess Brands sign $12m contractsDaily News Egypt
(MENAFN - Daily News Egypt) Edita foods industries signed two contracts with US company Hostess Brands LLC worth $12m, the company announced Monday, adding that the contract's financing will be ...

 Apr 21 2015 - Mehleb allocates EGP 10m to Ministry of Environment: CabinetDaily News Egypt
(MENAFN - Daily News Egypt) Prime Minister Ibrahim Mehleb met with the Tahya Masr Fund's executive committee, agreeing for the Fund to provide EGP 10m to the Ministry of Environment, according to a ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help