MIDEAST STOCKS-Saudi Kayan pulls down kingdom's bourse | Reuters:
"Shares in Saudi Arabian petrochemical manufacturer Saudi Kayan tumbled on Thursday after it swung to a third-quarter loss, pulling down the kingdom's index.
Most Middle East bourses - apart from in Saudi Arabia and Qatar - were closed for Islamic New Year. Trade was muted ahead of the weekend there, with renewed weakness in oil prices adding to the cautious mood among investors.
Shares in Saudi Kayan, an affiliate of Saudi Basic Industries Corp (SABIC), fell 9.8 percent after announcing a quarterly loss of 13.8 million riyals ($3.7 million) in the three months to Sept 30. That compares with a profit of 66.9 million riyals in the same period a year earlier."
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Thursday, 15 October 2015
Battle brews for UAE healthcare dominance and Al Noor control - FT.com
Battle brews for UAE healthcare dominance and Al Noor control - FT.com:
"A hostile takeover battle is brewing in London for dominance in the lucrative private healthcare market of the UAE.
South Africa’s Mediclinic on Wednesday agreed a reverse takeover of London-listed Al Noor Hospital Group of Abu Dhabi. Shares in Al Noor soared 17 per cent on Wednesday to £11.62 a share, valuing the company at more than $2bn.
The deal sparked a quick response from NMC Health, another group based in the UAE capital and also listed on the London Stock Exchange, which said it would continue to pursue Al Noor."
'via Blog this'
"A hostile takeover battle is brewing in London for dominance in the lucrative private healthcare market of the UAE.
South Africa’s Mediclinic on Wednesday agreed a reverse takeover of London-listed Al Noor Hospital Group of Abu Dhabi. Shares in Al Noor soared 17 per cent on Wednesday to £11.62 a share, valuing the company at more than $2bn.
The deal sparked a quick response from NMC Health, another group based in the UAE capital and also listed on the London Stock Exchange, which said it would continue to pursue Al Noor."
'via Blog this'
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