Middle-east funds enjoy London listings

The Cambodia News.Net
Friday 18th July, 2008

With Kuwaiti private equity fund MENA becoming the latest Middle East company to list on the London Stock Exchange, London is emerging as the market of choice for companies from the region.

Earlier this month, Commercial Bank of Qatar became the first Qatari company in the last 10 years to be listed on the LSE's Main Market.

So far, seven Middle East companies have joined the LSE this year, raising US $3 billion.

A stream of stock flotations has demonstrated that London is now the market of choice for Middle East companies looking for an unrivalled pool of international investment.

Apart from Israel, there are now 36 Middle East companies on the LSE, with a combined market cap of more than US$26 billion.

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