Latest news with #crossBorderInvestment
Reuters
3 days ago
- Business
- Reuters
Asian companies in talks to list in Saudi Arabia, exchange CEO says
HONG KONG, June 5 (Reuters) - Several Asian companies are in talks to list in Saudi Arabia as the kingdom considers a new listing regime to pave the way for share sales of foreign issuers, the chief executive of the Saudi bourse told Reuters. Conversations are underway with Asian companies that are evaluating opportunities to tap into Saudi Arabia's deep and increasingly diverse investor base, stock exchange ( opens new tab CEO Mohammed Al-Rumaih said in an email interview on Wednesday. "We're seeing growing momentum around cross-border capital market activity, and Asia is a natural partner in this regard," Al-Rumaih said, without providing further details on issuers. He said that as of last month, around 15% of the international investors in Saudi Arabia's qualified foreign investor program were Asian, demonstrating Asia's rising investment appetite. Riyadh's Capital Market Authority last month concluded a consultation on a set of draft rules governing the offering and listing of different classes of shares. The move is "a step toward enabling more flexibility in listings, including new share classes and structures, aligning with the evolving needs of issuers and investors", Al-Rumaih said. "Initiatives like these help lay the groundwork for cross-border participation and innovation." Hong Kong and Saudi Arabia are looking into allowing more cross-border financial products, regulators from both markets said last week. "Hong Kong and mainland China are increasingly important partners for Saudi Arabia's capital market journey," Al-Rumaih said. He cited opportunities to deepen the ties by facilitating more cross-listed products, environmental, social and governance-linked instruments, and enhancing investor access in both directions. "The growing energy cooperation between Riyadh and Beijing adds further momentum, enabling financial products and capital market flows that align with shared strategic priorities across both economies," Al-Rumaih said. The Saudi stock exchange has seen 15 initial public offerings (IPOs) raising over $1 billion so far this year, a nearly 30% increase over the same period last year.
Zawya
14-05-2025
- Business
- Zawya
Habib Al Mulla & Partners leads cross-border initiative for Indian market expansion
Delhi, India: As India and the United Arab Emirates continue to deepen their strategic partnership across defence, trade, and innovation, Habib Al Mulla and Partners is proud to announce the opening of its new office in New Delhi. This milestone reinforces the firm's long-standing commitment to facilitating cross-border collaboration and investment between the two nations. The expansion comes at a time of growing bilateral engagement, marked by the recent high-level visit of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Deputy Prime Minister and Minister of Defence, to India. His meetings with Indian Prime Minister Narendra Modi highlighted a shared vision for closer cooperation in key sectors such as technology, connectivity, and economic integration. The firm, with a distinguished record of regional and international accomplishments, continues to expand its global footprint by connecting the UAE with key emerging markets. This latest initiative positions Habib Al Mulla & Partners as a leader in providing seamless solutions for the Indian companies seeking to enter the UAE and broader Middle East markets as well as UAE investments seeking opportunities in India. The new India-focused platform is designed to serve as a bridge in India and enabling Indian businesses and professionals to connect with the firm's Dubai-based team for matters governed by UAE and international law. The India entity will advise companies and financial institutions on international transactions, ensuring compliance, efficiency, and client service. Dr. Habib Al Mulla, Founder of Habib Al Mulla & Partners, commented: ' Our cross-border extension into India reflects our commitment to supporting clients wherever their business interests take them. By connecting India's vibrant business landscape with the legal strengths of Dubai, we offer clients a trusted platform for international growth. We look forward to deepening our partnerships in India and delivering world-class solutions to new and existing clients.' At the heart of this initiative is Habib Al Mulla & Partners' focus on building strong relationships with leading Indian law firms and professionals. The goal is simple to offer clients seamless, trusted support as they grow their businesses across India, the UAE, and beyond, while always respecting the legal frameworks of each jurisdiction. As Habib Al Mulla & Partners continues to expand its international footprint, it remains committed to building long-term relationships based on trust, excellence, and a deep understanding of its clients' evolving needs in today's interconnected global landscape. About Habib Al Mulla and Partners Habib Al Mulla and Partners operates from Dubai, Abu Dhabi, Istanbul, Moscow, Baghdad and Cairo with a team of more than 70 multidisciplinary lawyers who possess distinguished and diverse experience in handling cross-border corporate legal matters. The firm has been providing specialized and integrated legal services and consultancy for over 40 years in dispute resolution, banking, construction, corporate, real estate, tax, employment, and other sectors and practices. For press information, please contact: Rosemay Farah, Marketing Manager Phone: +971 4 437 2221 Email:
