IPO of Alhokair’s malls unit said to be on hold, Iraq plans USD 2 bn eurobond

Also making news in the international business press this morning:

Alhokair Malls IPO on hold? “Plans to revive the public share sale of Fawaz Alhokair Group’s mall unit are on hold after the accounts of its billionaire co-founder were frozen in Saudi Arabia’s corruption crackdown, according to people with knowledge of the matter,” Bloomberg reports.The unit’s Marakez division runs the Mall of Arabia in West Cairo.

Iraq is planning a USD 2 bn eurobond issue to plug its 2018 budget deficit “as the oil-rich country capitalizes on IMF backing and a gradual return to stability.”