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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.
GovernanceExplainer
Saudi shareholders can now remove directors under amended CMA rules
Holders of 10 per cent of voting shares can trigger a removal vote, with fixed rules on notice, a 75-day replacement window and re-nomination.
S&P keeps Romania at BBB- with a negative outlook in place for 20 months
Romania's finance ministry tables show all three major agencies rating the country at the lowest investment-grade notch, each on negative outlook.
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.
Capital MarketsAnalysis
Six Saudi IPO approvals expire with no prospectus
Of seven Main Market flotations cleared between November and March, one reached a prospectus, and new book-building rules take effect on 2 November.
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.
GovernanceExplainer
AIFC rules set seven binding board principles and a comply-or-explain code
The annual report must say whether companies adopt the Schedule 3 standards, and a false explanation would breach the ban on misleading statements.
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.
GovernanceAnalysis
Tenure limits for independent directors vary by market
The UK Code and Air Astana's code treat nine years as a factor to explain, while four other texts remove independence at six, nine or 12 years.
InsightExplainer
Türkiye's regulator vets independent directors before shareholders vote
The CMB has 30 days to give an adverse opinion that bars a candidate, and can appoint independent directors itself if a company still fails to comply.
Romania lifts retail Fidelis coupons to 7.75 per cent as euro sales rise
October Fidelis subscriptions came to about RON 311.0 million and EUR 184.7 million, while Tezaur sales for 2026 reached RON 22 billion.
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.
Capital MarketsAnalysis
DIP Holding's flotation leads a four-week calendar of six dated issues
Banque du Caire's final price is due on 26 October and ADIB's rights cut-off falls on 29 October, while seven more issues await dates.
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.
Hungary's debt agency lifts 2026 net financing need to HUF 7,110 billion
Gross planned issuance rises to HUF 20,414 billion, 78 per cent of it completed by the end of September, and the year's euro bond issuance is finished.
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.
