No. 04



Sadiyyat Island Ponders Jumbo Offering

Meanwhile bankers close to the Sadiyyat Island Free Zone Company in the UAE emirate ofAbu Dhabi say they hope that the Arab world's largest GDR offering, worth $1.65bn out of atotal project cost of $3.3bn, will come to market in the second half of the year. Thetransaction has met with some skepticism - largely because of its size and the fact thatit is a grass-roots project without a trading history - but bankers say...