Based on the final offer price, the company’s market capitalisation upon listing is expected to be approximately Dhs4.6bn
The deal is the first export credit agency financing by the sovereign fund and will help finance exports from Korea to Saudi Arabia
The bank had set up a legal entity in ADGM in 2021, but has had a physical presence in the UAE for more than a decade
DFM will commence the pilot programme for institutional investors starting from December 4-8, with the offsetting period ending on January 10, 2024
The banking and transportation divisions’ respective contributions to the wealth fund’s profit soared by Dhs8.2bn and Dhs7.7bn
The market regulator invited participants in the capital market as well as relevant and interested persons to participate in a 30-day public consultation
The issuance was offered in five and seven-year dual tenors, marking the final two tranches under its SAR20bn government-guaranteed sukuk programme
Zhao, who was born in China and moved to Canada at the age of 12, pleaded guilty in a Seattle court on Tuesday afternoon
The country’s financial markets possess significant potential and flexibility, combined with its continuous commitment to innovation and development
The banking group’s net profit after tax and minority interest rose by 24 per cent to reach EGP395m
Growth in the country’s payments space is being fueled by a surge in digital transactions and technological advancements such as GenAI
The subscription period will open on Tuesday, November 21
The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn
The group’s assets edged up by 3.3 per cent to reach Dhs235.6bn, compared to Dhs228bn a year earlier
The investment group acquired a 9 per cent equity stake in the digital bank earlier this year
Employees who sign up can either receive financial benefits after the end of their employment contract or continue investing in the end-of-service scheme
The SPAC raised Dhs1.1bn of growth capital, including Dhs734m from the previously announced PIPE transaction
The IPO pipeline will be driven by Saudi Arabia, where 27 companies have announced their intention to list on the Tadawul
Neobanks have reset the paradigm for the traditional banking industry in terms of customer experience, product innovation and pricing
The company’s Q3 2023 net income remained flat QoQ, with the increase in operating profit mostly offset by higher finance costs
The agreed recommendations will now be socialised with national governments ahead of COP28, so the fund can be activated and capitalised
The new decisions reflect the significant role of free zones in the UAE’s economic diversification strategies
Masdar will partner with ADGM to host the forum as part of the special edition of Abu Dhabi Sustainability Week at COP28
The financial watchdog said the fine follows and is connected to the prohibition that was imposed on the lender in May 2021
Cardholders can earn Marriott Bonvoy points on local and international spends as well as on their stays at more than 8,000 hotels around the world
Alpha Dhabi said its diversified portfolio has been a major driver behind the growth in revenue
The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange
The FTA’s new guidelines offer clarity for non-resident persons, who derive income in the UAE, or those who conduct business or part of their business in the UAE
From visa applications to licence renewals, AIX Consultancy offers a comprehensive suite of services that allow clients to focus on their core operations
The fund will play a pivotal role in supporting startups, starting from the pre-seed stage, and extending to the Series B investment stage