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
 Aug 30 2015 - Egypt- 13 smuggled medication brands confiscated from prominent Maadi pharmacyDaily News Egypt
(MENAFN - Daily News Egypt) 17 August Ministry of Health raid on a renowned pharmacy resulted in the seizure of 13 drug brands in quantities of 23 packets, according to an official statement on ...

 Aug 30 2015 - Abu Dhabi set for new hotel boomThe Arabian Post
(MENAFN - The Arabian Post) |By TAP Staff| Some 5,200 rooms are expected to be added to the Abu Dhabi hotel sector by 2017. Of this, 2,300 rooms are set to enter the market by the end of 2015 alone, ...

 Aug 30 2015 - Egypt- High-profile figures to push for Fahmy's deportation, others hope for presidential pardonDaily News Egypt
(MENAFN - Daily News Egypt) The three Al Jazeera journalists, Mohamed Fahmy, Baher Mohamed and Peter Greste, received Saturday three year prison sentences in the case also known as the 'Marriott ...

 Aug 30 2015 - 10 water stations closed, investigations ongoing in Assiut after oil leakDaily News Egypt
(MENAFN - Daily News Egypt) The Minister of Environment Khaled Fahmy, along with officials in Assiut and Beni Suef and President of the Central Administration for Environmental Crisis, Kawthar Hefni, ...

 Aug 30 2015 - Arqaam fined for money launderingThe Arabian Post
(MENAFN - The Arabian Post) The regulator of Dubai's financial free zone said on Wednesday it had fined Arqaam Capital $50,000 after investigating the Dubai-based investment bank over compliance with ...

 Aug 30 2015 - Egypt- 2 suspects killed in Fayoum amid accusations of extra-judicial killingDaily News Egypt
(MENAFN - Daily News Egypt) Two men, named as Mohamed Khames and Salem Sayed, were killed Friday morning in Fayoum as police stormed their home, while eyewitnesses claim they were unarmed.The Fayoum ...

 Aug 30 2015 - Egypt- Ministry of Interior denies hackers took down official websiteDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Interior denied Friday evening reports that its website had been taken offline by hackers, despite the claims of a group who say they are responsible for ...

 Aug 30 2015 - Gold headed for biggest monthly drop since 2013The Arabian Post
(MENAFN - The Arabian Post) Gold fell, heading for its largest monthly decline in two years, as the Federal Reserve moved closer to boosting US interest rates for the first time since 2006.While Fed ...

 Aug 30 2015 - Egypt- Endowments ministry partners with state TV to produce weekly segmentDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Religious Endowments launched a religious segment on Saturday in partnership with state television that aims to counter "extremist religious ideology".In ...

 Aug 30 2015 - Turkey launches first coalition airstrikes against ISDaily News Egypt
(MENAFN - Daily News Egypt) Turkish fighter jets have hit "Islamic State" targets in Syria € for the first time as part of the US-led coalition. Turkey took on a more active role in the fight against ...

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