Dubai-based investment banking and asset management firm serving as joint lead manager for Kuwait Finance House's $850 million tier-one issuance.

Alts investor latest GCC player to acquire direct ownership in established private markets specialist. Wafra , an alternatives investments house owned by Kuwait 's PIFSS public pension fund, has announced a strategic minority investment in French private markets giant Ardian . Overseeing ca. $28 billion in assets and registered in New York, Wafra has eyed greater exposure to both secondaries and real assets, and identified Ardian as an "ideal strategic partner". Terms of the

Citi infamously shuttered a sun-soaked Spanish outpost in April after a brief three-year stint. Here's why the offices springing up in Riyadh, Abu Dhabi and Dubai will avoid, or perhaps meet, that fate. Major financial institutions open and close satellites all the time. But one such installation's rapid rise and famous fall made more news than usual this year - when Citi abandoned its experimental office in Malaga, Spain. The outpost, dreamed up post-pandemic to attract to t

Boston giant opens Riyadh as a regional HQ, while reportedly in talks to enter India's well-poised - though historically tricky - mutual fund market. State Street Investment Management has announced a new footprint in Saudi Arabia, following a strong second-half trend of major global institutions opening up shop in the Kingdom, as well as the wider GCC. More than a typical satellite, Riyadh will also serve as a regional headquarters for the wider MENA region following its of

Specialist EM and Frontier manager from Gulf acquires strategy managed by Ashish Chugh, who will become its CIO for EM Equities. Boston-based investment manager Loomis, Sayles & Co. has sold its Global Emerging Markets (GEM) equities team to $4.3 billion boutique FIM Partners from Dubai. As part of the acquisition, the strategy's head and portfolio manager Ashish Chugh will also be appointed FIM's chief investment officer for EM equities. Chugh has built the strategy since

Microfinancing fintech's strong debut nets windfall for Abu Dhabi-based investor.

Platform provides new avenue to institutional trading just as Kingdom's debt appetite ramps up.