2013.10
Melbourne: Norton Rose banking expert moves to HWL
HWL Ebsworth Lawyers has announced the appointment of Gillad Dalal as a partner in its banking & financial services team.
Kim & Chang leads ALB Korean Law Award nominations
Top Korean law firm Kim & Chang is leading the nominations for Asian Legal Business’ inaugural Korea Law Awards with a total of 18 nods – eight individual category nominations and ten deal category nominations.
ALB 2013 Top 50 Largest Law Firms deadline extension
The deadline for the ALB 2013 Top 50 Largest Law Firms Rankings is approaching. The deadline for submission has been extended to Oct. 9, 2013.
Arcapita eyes new investments after first Gulf Chapter 11
Bahrain-based Arcapita is aiming to build a new asset management firm with a debut local deal in the logistics, education or healthcare sector as the company recovers from the first Chapter 11 bankruptcy process undertaken by a Gulf Arab entity.
Sembcorp Omani JV completes $138 mln IPO
Sembcorp Salalah Power and Water Co, in which a unit of Singapore’s Sembcorp Industries has a 60 percent stake, completed a 53 million rial ($138 million) initial public offer of shares in Oman, it said on Thursday.
Oman ‘to unveil privatisation plans in January’
Oman plans to release in January a list of state companies which it aims to privatise, Minister for Financial Affairs Darwish al-Balushi was quoted as saying by state news agency ONA.
Oman ‘may issue sovereign, Islamic bonds in 2014’
Oman’s government may issue an international sovereign bond and an Islamic bond next year, its central bank chief Hamood Sangour al-Zadjali said on Sunday.
Almarai ‘prices Gulf’s first corporate hybrid sukuk’
Saudi Arabian dairy producer Almarai has completed the first hybrid bond offer by a corporation in the Gulf, selling a 1.7 billion riyal ($453.2 million) Islamic bond (sukuk) on Monday, bankers said.
Abu Dhabi approves $4.3 bln development spending
Abu Dhabi’s government on Wednesday approved 15.8 billion dirhams ($4.3 billion) worth of spending on infrastructure and social welfare projects, an official statement said.
Al Hilal Bank launches $500 mln debut sukuk
Abu Dhabi government-owned Al Hilal Bank launched its debut $500 million five-year sukuk issue, with the projected pricing much tighter than the initial guidance, a document from lead managers said on Tuesday, indicating healthy demand for the deal.