The hypermarket chain operator initially planned to sell a 25 per cent stake and raise as much as $1.43bn, but it increased the size of the IPO
The indicative share price of Dhs0.91 and Dhs0.96 per share implies a market valuation of around $588m at the top of the range
The construction and dredging services firm offered 1.15 billion shares in NMDC Energy, and the offering was 31.3 times oversubscribed
The agreement is expected to strengthen cross-border market activity between the two markets
The partnership seeks to advance cross-border trading between the exchanges and expand investment opportunities
The fund sold a $1.25bn five-year portion at 80 basis points (bps) over US Treasuries and another $1.25bn 10-year tranche at 90 bps over the same benchmark
The stock exchange said that the listing will be in three tranches, starting on June 21
The shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital
Alef is offering the shares in two tranches, with the edtech firm expected to debut on the Abu Dhabi Securities Exchange on June 12
The initiative is expected to tap into the growing interest from regional and global retail investors, and high net-worth individuals
The GCC region is set to see more equity capital markets activity in 2024 as more companies are considering public listings amid a global slowdown
The new brand identity combines ‘Emirates’ and ‘7’ and is inspired by the UAE’s unity and future-facing strategy
The listings include Mubadala’s debut green bond and the fund’s inaugural dirham-denominated bond
The offering drew Dhs186bn in orders from professional investors within the UAE and the region
The SPAC raised Dhs1.1bn of growth capital, including Dhs734m from the previously announced PIPE transaction
The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange
The order book was nearly 10 times oversubscribed at the time of issuance in April, with investors placing total orders of more than $15bn
This bond is the first part of a programme to raise up to $3bn to meet Masdar’s equity funding commitments on new renewable energy projects
The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process
More than three billion shares will be offered in the IPO
ADX has witnessed strong year-to-date growth in the ETF market’s trading activity with around 12,500 trades of 243 million units
Year-to-date growth in the turnover of ADX’s ETF market was supported by more than 11,400 trades of 227 million units
From October 6, stock futures on Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank, Fertiglobe, Borouge and AD Ports will be available for trading on the derivatives market
The agreement aims to enhance bilateral cooperation and information sharing in a number of areas, including advisory services, and training and development of systems
TradingView has a growing base of social traders, with around 30 million users and over one million paid subscribers around the world
The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45bn
Tabadul will enable investors to trade directly on both exchanges through licensed brokers across the two markets
FADX 15 futures are cash-settled contracts that will replicate the price performance of the benchmark FADX 15 index
The market value of shares owned by foreign investors in Q1 2022 jumped 163 per cent to total Dhs131bn
The growth market will enable companies to directly list their shares on ADX, without the need for an initial public offering