The Gulf Capital
Market Association
The Gulf Capital Market Association (GCMA) is the premier financial industry association that speaks with a single voice for the region’s growing capital market.
Founded in 2010, GCMA harnesses the expertise and energy of its members to strengthen the capital markets needed to support economic growth and transformation in the Gulf region.
Membership
GCMA member firms are the leaders of the Gulf Capital Market.
Our members enjoy the benefits of membership while distinguishing themselves through their commitment to the region and its markets.
Market Updates
Market Archive – GCMA
- ADIB becomes first UAE bank to safely test fractional sukuk 05/11/2024With fractional sukuk, retail investors can invest as little as $1,000 in the sukuk market rather than a minimum of $200,000.
- Saudi Vision 2030 offers banks growth opportunities but deposit funding is a constraint 04/11/2024Saudi Vision 2030, a government program aimed at diversifying the oil-focused Saudi economy, will be a powerful catalyst for banking sector growth in Saudi Arabia over the next few years.
- Lulu IPO: Retailer boosts size of offering to 30% on strong demand 04/11/2024Saudi Arabia’s Masarrah Investment Company has joined as a cornerstone investor and will invest about Dh250 million.
- Oman’s energy major OQ plans to list methanol and ammonia unit 04/11/2024OQ Base Industries expects to start trading on the Muscat Stock Exchange in December.
- Fitch upgrades Egypt to ‘B’; outlook stable 01/11/2024Egypt’s external finances have been bolstered by the Ras El-Hekma foreign investment, non-resident inflows into the debt market, and new IFI financing, facilitated by improved policy settings, including greater exchange...
- Transition finance cannot be a free for all but it must be a broad church 31/10/2024To control what is transition – worthy too tightly would be to miss the point.
- Mubadala’s Mamoura mandates banks for sukuk 28/10/2024Mamoura is set to issue a benchmark size dirham-denominated 5-year senior unsecured sukuk.
- UAE’s Lulu Retail sets IPO price range of up to Dhs2.04 per share 28/10/2024The indicative share price of Dhs1.94 and Dhs2.04 per share implies a market valuation of around $5.74bn (Dhs21.07bn).
- Banks are cutting financed emissions, but progress will not be linear 28/10/2024Banks globally face a difficult task in implementing their net zero plans. Leading banks have made commitments to reduce their financed emissions, focusing on high-emitting or carbonintensive sectors, but their...
- Fitch upgrades Fertiglobe to ‘BBB’ on acquisition by ADNOC; outlook stable 28/10/2024Fitch Ratings has upgraded Fertiglobe Plc’s Long-Term Issuer Default Rating (IDR) and senior unsecured rating to ‘BBB’ from ‘BBB-‘ and removed them from Rating Watch Positive.
GCMA Resources
Market
Data
GCMA makes available data on significant cross border and local issuances from the GCC region. More complete information is available to our members.
Monetary Authorities and Securities Market Regulators
Central banks and securities market authorities ensure the soundness and functioning of financial systems and the development of the GCC capital market.
Fiscal
Authorities
GCC governments support development of the region’s capital market by issuing bonds and sukuk both cross border and domestically.
Corporate Bond/
Sukuk Regulations
GCMA highlights significant laws, regulations and rules relevant to offering and listing fixed income instruments.