Lenders based in Oman are developing a wakala, an agency agreement that is sharia compliant to help back their interbank financing needs.
Sectors
Employee stock sale puts Kabam's value at US$700 million
An employee stock sale placed Kabam's value at US$700 million. Kabam's employees were allowed to sell common stocks worth US$38. 5 million. The results of the private transactions placed the value of the videogame maker to US$700 million.
Publicis Groupe makes US$15 million strategic investment in Jana Mobile
Publicis Groupe announced that they made a US$15 million strategic investment in Jana Mobile. Publicis Groupe announced that they made a US$15 million strategic investment in Jana Mobile.
Altor to purchase 80% stake in ski equipment maker Rossignol Group
Altor's Fund III said that it would acquire Rossignol Group's majority shares. On Monday, Altor's Fund III stated that it entered an exclusive process to acquire Rossignol Group's majority shares.
Share allocation of First Citizens disappoints Permell
Share allocation of First Citizens disappointed Permell. Peter Permell, a minority shareholder rights advocate, was disappointed by the government's allocation of shares of First Citizens Bank.
Latest News
Chinese Securities Regulatory Commission allowed Alibaba to expand its capital for the online loan enterprise.
Transom Capital Group acquired One Industries, a protective gear producer based in San Diego. Transom Capital Group, a Los Angeles-based private equity company, revealed that it has bought One Industries for an undisclosed price.
ClubCorp Holdings hoped to raise more than US$100 million in an initial public offering of its stakes.
Dominique Strauss-Kahn joins the Russian Regional Development Bank, a Rosneft-owned bank. Dominique Strauss-Kahn joined the supervisory slate of a bank owned by Rosneft, a Russian state oil major.
China planned to add 10GW solar power annually over the next 3 years. China will be adding 10GW of solar power annually for the next 3 years, said a statement from the State Council.
Roselabs executives expressed their desire to raise US$21 million to help in their expansion plans. Roselabs Ltd revealed plans to raise around US$21 million through private equity funding to expand its operations.
Londonmetric acquired two warehouses for GBP61.8 million. LondonMetric Property Plc bought two new warehouses in Bedford and Birmingham worth a total of GBP61.
Embassy Group sells stake in overseas joint venture back to MK Land Holdings. Real Estate developer Embassy Group, just one of India's top three commerical space constructors, had exited an international joint venture with Malaysia's MK Land Holdings Berhad.
Britain would only consider pension funds and insurers for the sale of its Lloyds Banking Group stocks and would rebuff private equity and foreign funds.
