Archive
Latest, page 3
Every story on Boards and Capital, newest first.
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.
KASE equity value falls 4.4% in tenge in September but rises 1.1% in dollars
The KASE Index fell 4.01% as Kazatomprom and Kaspi.kz led declines, while a 5.5% fall in the official dollar rate lifted the dollar value of listed equity.
BankingAnalysis
Kazakhstan rate preview: committee median implies 25 more basis points by year-end
Annual inflation slowed to 9.3% in September, but base effects and a weaker tenge complicate the National Bank's 23 October decision, according to official data.
AppointmentsAnalysis
Appointments Register: 33 CEO, CFO and chair changes at listed companies, 1 to 17 October
Türkiye filed 19 of the changes, including a general manager exit at Türkiye Sigorta and two leadership changes at TMSF-run Destek Finans Faktoring.
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%.
How we report: every appointment carries its notice, status and effective date
The standard starts with the first Appointments Register on 20 October; where a notice is silent on the date, the status or a successor, the piece says so.
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.
BankingExplainer
Real policy rates in six emerging markets range from 1.0 to 7.6 percentage points
A Data Desk comparison shows Uzbekistan, Türkiye and Kazakhstan with the widest gaps over inflation and Azerbaijan the narrowest, ahead of five decisions by 29 October.
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.
Capital MarketsAnalysis
Issuance Calendar: ADIB rights, Turkish Treasury auctions and a pipeline of bank capital
Four issues are dated for 19 October to 15 November and eight await dates; no main-market flotation in the footprint has a subscription window.
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.
Who writes and edits Boards and Capital
An AI editorial system writes and checks each piece; our editor, Linda Mile, is an avatar, not a person; the publisher is responsible for what we publish.
