Desk
Newsdesk
The Boards and Capital Newsdesk writes the day's news from primary documents: filings, releases, regulators, statistics offices and court records. Every figure is linked to its source.
Columns on this desk: Minute Book.
Ukraine seeks three independent directors for gas transmission operator
Applications for the GTSOU supervisory board close on 30 October, after a parallel search for four Ukrhydroenergo seats that named the same adviser.
DRDGOLD names Charmel Flemming audit chair as Johan Holtzhausen leaves
Holtzhausen, a director since 2014, departs at the 6 November AGM after a tenure review, and the board has disbanded its investment committee.
ADB approves $302 million Baku Metro signalling loan with AIIB co-financing
In the $515 million project, both loans go to the government and are on-granted to the state-owned operator, which carries no debt service.
Capital MarketsBrief
Egypt licenses EGP 1 billion fund to buy equity in distressed factories
Banks including National Bank of Egypt and Banque Misr are contributing to a closed-end fund managed by CI Capital, with units offered from 4 October.
AppointmentsBrief
Fresnillo names Rodrigo Sandoval CFO as Mario Arreguín retires
Sandoval joins as CFO designate on 21 September and takes over on 1 November, after leaving the Torex Gold board, the silver and gold miner said.
Harmony Gold and AngloGold Ashanti add independent directors in three weeks
Neither filing says whether the new directors fill vacancies or enlarge the boards, or how many independent directors each board now has.
BankingBrief
Azerbaijan amends three bank credit-risk regulations, effective 9 November
The changes cover asset classification, provisioning and consumer-lending guarantees; consumer loans have the highest non-performing ratio of three segments, at 3.79%.
EBRD buys 5 per cent of AikGroup for up to €64 million, with a board seat
The price implies a post-money value of up to about €1.28 billion for the Cyprus-based owner of Aik Banka, Gorenjska Banka and Hipotekarna Banka.
IFC lends €100 million to Turkish food group Doğuş Çay over eight years
The loan, with a two-year grace period, funds chips and tomato paste capacity and storage as the company plans a potato chip plant in Hungary for 2027.
BankingBrief
Four central banks set rates this week as ADIB's rights cut-off nears
The Fed, Uzbekistan, Azerbaijan and Ukraine decide on 28 and 29 October, Riyadh closes two consultations and Türkiye publishes its meeting summary.
Egypt's central bank holds rates as annual inflation eases to 13.9 per cent
The overnight deposit rate stays at 19 per cent, and net international reserves reached $57.3 billion at the end of September.
Vale accuses former vice-chairman of board leak and threatens legal action
In a 9 October filing, Vale says its ex-vice-chairman admitted sending a draft board vote to an analyst, and that Brazil's CVM has opened a proceeding.
Egypt's FRA approves 12 firms, including two custodians and a SPAC investor
The regulator also ordered non-bank lenders to file monthly data and reopened its platform until 29 October so firms can audit entries since January.
Ferrexpo shareholders back delayed 2025 accounts by 99.68 per cent
The 9 October vote followed a trading suspension, a US$100 million equity raise and a reshaped register, and the company's website lists four directors.
Hungary keeps bank capital buffers at 1 per cent as cyclical risk edges up
The central bank put housing market overvaluation at 22.5 per cent, and the 1 per cent countercyclical rate will remain in place from 1 October 2027.
Mondi links 21.6 per cent pre-emption dissent to South African holders
Dissent on the 14-day notice resolution rose to 21.67 per cent from 15.49 per cent in 2025, and the company said it will keep considering its approach.
Saudi regulator tightens audit rules, giving audit committees its findings
Registered firms have 10 days to pass final inspection results to audit committees and four months after year-end to publish a transparency report.
HDFC Bank names ICICI Life chief Anup Bagchi as CEO after RBI approval
Bagchi starts a three-year term on 27 October, subject to a shareholder vote closing on 6 November, as Sashidhar Jagdishan's tenure ends on 26 October.
J.P. Morgan puts Kazakhstan's local-currency bonds on GBI-EM watch list
The Index Watch Positive status announced on 7 October carries a preliminary index weight of 0.48 per cent and an assessment period of up to 12 months.
Kazatomprom shareholders fail to approve Uranium One deal on abstentions
Some 88.34 per cent of voting shares abstained, while a spot sale to a Chinese buyer passed and Zhandos Kairgeldi joined the board for Samruk-Kazyna.
QIB nine-month profit rises 2 per cent, financing assets grow 21.9 per cent
Deposits rose 8.3 per cent on the year, and the CFO told analysts 85 per cent of 2026 financing growth came from government entities, a transcript shows.
Air Astana publishes amended governance code after shareholder vote
The announcement names no changed provisions, while the published code lets a non-independent chair lead the board if the company reports the departure.
Freedom Holding re-elects two directors after CFO change, Kelimbetov exit
Controlling holder Timur Turlov owned about 66.5 per cent at the end of July, and the board has six members, four of them classed as independent.
Samruk-Kazyna and Oman Investment Authority plan $150 million joint fund
The sovereign investors agreed to set up the vehicle by the end of 2026 on a parity basis, alongside an oil and gas framework between KazMunayGas and OQ.
Warsaw exchange moves all trading to in-house WATS from NYSE-built UTP
Main Market turnover was PLN 1.9bn on the first session on 5 October, against a September daily average of PLN 2.7bn on the old platform.
ADB signs $200 million results-based loan for Uzbek power distribution
The $371 million programme, co-financed by the World Bank, ties disbursement to seven indicators including board oversight at the national grid company.
İşbank names Cahit Çınar chief executive as Hakan Aran moves to Şişecam
Çınar took office on 1 September after the board named him successor, and Adnan Bali remains chairman of an 11-member board, the bank's pages show.
EBRD lends Enerjisa Üretim up to $150 million to refinance short-term debt
The loan to the Sabancı and E.ON joint venture is tied to sustainability targets, but the EBRD did not publish the targets, the tenor or the pricing.
Saudi regulator clears SAR 680 million rights issue for Almasane Alkobra
The CMA approved four equity capital increases in two weeks, including Retal's share issue for a 47.5 per cent Ajdan stake, and cleared new sukuk funds.
Warsaw exchange adds KredoBank chief Jakub Karnowski to supervisory board
An extraordinary meeting on 10 September took the board to seven; the exchange's own table shows the State Treasury with 51.80 per cent of the votes.
Kazakh issuers list 13.8 billion yuan of bonds, led by sovereign Panda deal
Yuan coupons ranged from 1.82 to 2.8 per cent, and the finance minister signals more borrowing from China next year.
AppointmentsBrief
Etienne Loulergue leaves Komerční banka board as CEO Jan Juchelka steps in
The supervisory board considered the resignation on 1 October; the notice names no successor and no area, four weeks before third-quarter results.
Türkiye's central bank cuts collateral haircuts and eases reserve rules
Lira liquidity for lenders widens and the SME loan growth limit rises from 4.5 to 5 per cent, with the policy rate unchanged at 37 per cent.
AppointmentsBrief
AIFC regulator AFSA appoints ex-ING executive Saida Djarbolova to its board
She is the second independent director named to the Astana Financial Services Authority board since May, with effect from 5 September.
Kuwait holds discount rate at 3.5% as the Fed lifts US rates to 3.75% to 4%
The Central Bank of Kuwait kept its rate on 16 September, citing 9.8% deposit growth and 4.8% credit growth, as the Fed, ECB and Bank of Japan tightened.
QNB's nine-month net profit rises 4% to QAR 13.3bn, or 8% before hyperinflation
Qatar's largest lender grew loans 6% and deposits 2% to the end of September; a call summary puts 2026 profit growth guidance at 4% to 6%.
Capital MarketsBrief
Warsaw lists HANetf's 2x bitcoin notes, taking its exchange-traded products to 48
The two zloty-quoted notes carry a 2% annual fee; ETF and ETN turnover in Warsaw was PLN 531.8m in September, double a year earlier.
Azerbaijan's central bank widens rate corridor, holds refinancing rate at 6.5%
The floor was cut to 5% to revive interbank trading amid excess liquidity, with August inflation at 5.7% and reserves at a record $15.3 billion.
CEECAT Capital's third fund closes first round at €135 million with EIF and EBRD anchors
The manager targets €200 million for buy-and-build deals across central and eastern Europe and Türkiye, and adds Poland as a new market.
Dukhan Bank's nine-month profit holds at QAR 1.19bn as impairments rise 33%
The Qatari Islamic lender's non-performing financing ratio fell to 3.8% from 4.2% at end-2025, and its total capital ratio rose to 19.1%.
Ukraine's central bank lifts key rate to 16% as inflation accelerates to 10%
The NBU raised its rate by 0.5 point on 17 September; September inflation of 10.0% and a $5.4 billion intervention month frame its 29 October meeting.
Uzbekistan's central bank holds policy rate at 14% and reworks FX rate-setting
The Board kept the rate unchanged on 16 September with August inflation at 6.2%, and from 15 September official exchange rates include interbank OTC trades.
Actis and Mubadala-backed Rezolv signs €561 million, 14-lender loan for Dama Solar
The green project financing for the 1.3 GWp plant mixes ten commercial banks with the EIB, EBRD, IFC and BSTDB, backed by two contracts for difference.
AlRayan Bank names ex-NBB chief Usman Ahmed group CEO as Fahad Al Khalifa steps down
Qatar Central Bank has approved the appointment, but no start date is set; operations head Omar Al Emadi is acting chief executive from 1 October.
Halyk Bank shareholders back Islamic banking licence bid and sharia council
An absentee vote on 25 September created a three-member Islamic Financing Principles Council, changed the charter and appointed Ernst & Young as auditor.
Dandy's Qatar IPO of a 40% stake at QAR 5.01 a share closes on 20 October
The dairy and food products company offers 41.2 million shares, implying a QAR 515m market value, ahead of a Qatar Stock Exchange listing; founders keep 60%.
Kazakhstan cuts base rate to 16.25% as inflation moves into single digits
The National Bank trimmed the base rate by 50 basis points on 4 September but said room for further cuts is limited, with its next decision due on 23 October.
Nurbank reappoints Alexey Mazhuga as acting management board chairman from 20 October
The chair of the Kazakh lender's management board has changed hands three times in under five months, with every appointment since June made on an acting basis.
Saudi regulator proposes tighter IPO book-building, underwriting and forecast rules
The CMA draft would bind underwriters from the start of book-building and tie orders to cash, with comments due by 22 October and rules effective from 2 November.
Turkish committee backs interim payments for investors in 131 liquidated funds
The Capital Markets Board ordered the funds of seven asset managers wound up on 17 September, affecting 455,758 investors; the bill needs a general assembly vote.
Georgia's central bank holds rate at 8.25% with inflation at 5.6%
The National Bank of Georgia left its policy rate unchanged on 9 September, with growth at 8.0% in July and reserves at a record $8.14 billion in August.
Hungary's central bank lowers inflation target to 2.5% from 2028 and holds rate at 5.5%
The Monetary Council voted 11-0 to keep the base rate at 5.50% and will cut its policy meetings to eight a year from 2027, its statements and minutes show.
Kazakhstan Temir Zholy's $1bn Eurobonds to start trading on KASE on 19 October
The railway's 2031 and 2036 dollar notes, priced in April at yields of 5% and 5.375%, gain a local trading line as KTZ and its state owner prepare an IPO.
BankingBrief
The Week Ahead: Georgia, Türkiye and Kazakhstan set rates as Saudi IPO consultation ends
Three central banks decide between 21 and 23 October, KASE hosts two primary sessions and Riyadh closes consultations on IPO practice and algorithmic trading.
Turkish regulator adds a third Tera trading ban as the group's directors resign
The Capital Markets Board has suspended Tera's brokerage, dropped its TRY 50bn share sale plan and barred it and its fund arm from trading three stocks.
Türkiye's central bank holds policy rate at 37% for a fifth straight meeting
The CBRT said underlying inflation is decelerating but warned that energy prices are an upside risk, as reserves rose to $184.2 billion.
