Company Insights Ubhar Capital Banking & Finance Ubhar Capital News Analysis Markets Strong demand for Oman’s biggest IPO in two decades Oman’s joint-biggest initial public offering is attracting huge interest among retail investors, despite subdued recent activity on Muscat’s bourse, a senior financial industry executive told AGBI. OQ Gas Network (OQGN), a subsidiary of national oil company OQ, will sell 49 percent – or 2.12 billion – of its shares in an IPO. The company this […] September 22, 2023 Banking & Finance Shares in Etisalat slide after Vodafone’s UK deal Shares in UAE telco Etisalat, Vodafone’s biggest shareholder, fell on Thursday after the British firm announced it would merge its domestic mobile operations with those of rival CK Hutchison. The long-anticipated tie-up heightens uncertainty over the potential benefits to Abu Dhabi-based Etisalat, now branded as e&, of its stake in Vodafone. Since first announcing it […] June 15, 2023 Analysis Markets Etisalat’s bet on Vodafone backfires as shares slump Etisalat has made a paper loss estimated at $2.1 billion on its stake in Vodafone due to a slump in the British company’s share price since mid-2022. Abu Dhabi-based Etisalat, a former monopoly now branded as e&, operates in 16 countries in the Middle East, Asia and Africa. Yet nearly two-thirds of its revenue is […] June 7, 2023 Analysis Trade Gulf telcos nurse FX losses as foreign expansion sours Gulf telecom operators have suffered multi-billion-dollar currency losses arising from their foreign subsidiaries. They would have to recognise these in their income statements should they ever sell or lose overall control of the units in question. As mobile penetration in their home markets topped 100 percent – meaning there were more mobile subscriptions than residents […] June 6, 2023 Markets Oman hopes to emulate Gulf neighbours in IPO push Oman has belatedly launched a renewed part-privatisation drive and plans to float stakes in dozens of state-owned companies, following the success of similar programmes in Dubai and Abu Dhabi. The sales aim to boost Omani state coffers and diversify equity listings on the rebranded Muscat Stock Exchange (MSX) – until April 2021, the Muscat Securities […] April 24, 2023 Posts navigation Previous 1 2
Analysis Markets Strong demand for Oman’s biggest IPO in two decades Oman’s joint-biggest initial public offering is attracting huge interest among retail investors, despite subdued recent activity on Muscat’s bourse, a senior financial industry executive told AGBI. OQ Gas Network (OQGN), a subsidiary of national oil company OQ, will sell 49 percent – or 2.12 billion – of its shares in an IPO. The company this […] September 22, 2023
Banking & Finance Shares in Etisalat slide after Vodafone’s UK deal Shares in UAE telco Etisalat, Vodafone’s biggest shareholder, fell on Thursday after the British firm announced it would merge its domestic mobile operations with those of rival CK Hutchison. The long-anticipated tie-up heightens uncertainty over the potential benefits to Abu Dhabi-based Etisalat, now branded as e&, of its stake in Vodafone. Since first announcing it […] June 15, 2023
Analysis Markets Etisalat’s bet on Vodafone backfires as shares slump Etisalat has made a paper loss estimated at $2.1 billion on its stake in Vodafone due to a slump in the British company’s share price since mid-2022. Abu Dhabi-based Etisalat, a former monopoly now branded as e&, operates in 16 countries in the Middle East, Asia and Africa. Yet nearly two-thirds of its revenue is […] June 7, 2023
Analysis Trade Gulf telcos nurse FX losses as foreign expansion sours Gulf telecom operators have suffered multi-billion-dollar currency losses arising from their foreign subsidiaries. They would have to recognise these in their income statements should they ever sell or lose overall control of the units in question. As mobile penetration in their home markets topped 100 percent – meaning there were more mobile subscriptions than residents […] June 6, 2023
Markets Oman hopes to emulate Gulf neighbours in IPO push Oman has belatedly launched a renewed part-privatisation drive and plans to float stakes in dozens of state-owned companies, following the success of similar programmes in Dubai and Abu Dhabi. The sales aim to boost Omani state coffers and diversify equity listings on the rebranded Muscat Stock Exchange (MSX) – until April 2021, the Muscat Securities […] April 24, 2023
