Islamic bonds of National Central Cooling Co., known as Tabreed, rose on speculation the provider of air-conditioning services to the Dubai Metro may follow Aldar Properties PJSC in getting financial support from Abu Dhabi.
Emaar Properties PJSC hired HSBC Holdings Plc, Royal Bank of Scotland Group Plc and Standard Chartered Plc to arrange meetings with fixed-income investors for a planned bond sale. The meetings will start Jan. 21.
Saudi Basic Industries Corp., the world’s biggest petrochemicals maker, said fourth-quarter profit rose 27 percent, below analysts’ estimates.
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