#ADX
ADX’s market capitalisation climbed by 3.2 per cent year-on-year to exceed Dhs2.93tn at the end of Q1 2025
Upon listing, Alpha Data’s market capitalisation stood at approximately Dhs1.5bn, reinforcing its strong position in the UAE’s technology sector
The completion of the offering and the listing of Alpha Data shares on ADX is subject to market conditions and obtaining all necessary regulatory approvals
The company’s direct listing on the ADX will serve as a catalyst for its next phase of growth, marking a new era of purposeful, community-driven business success
This substantial investment reflects GQG Partners’ confidence in both Alpha Dhabi and the ADX as a platform for high-quality, long-term investments
Lulu plans to offer more than 2.582 billion shares in the IPO, which will run from October 28 to November 5, according to its intention to float document
ADX stated that the decision has been taken in accordance with Article No (14) of the Securities and Commodities Authority (SCA) Board of Directors’ Decision No (2/R) of 2001
The exchange reported a trading volume of approximately 450.7 million ETF units across 19,853 transactions during this period
Burjeel Holdings remains focused on expanding its oncology services, which are expected to play a key role in boosting future revenue streams
Leading the pack is the Saudi Exchange (Tadawul), with a market value of $2.68tn, solidifying its position as the largest in the region
The ETF offers investors access to a diversified portfolio of Shariah-compliant corporate and government sukuks across several global markets
Investors can subscribe to the ETF units, during the offering period, which runs until July 2
In ADX, five large direct deals were executed on 243.4 million shares, amounting to Dhs683.3m
The Eid Al Fitr holiday will start on Monday, April 8, 2024 (Ramadan 29, 1445 AH)
LuLu’s potential IPO is poised to be among the most notable listings in the Gulf region this year
The new management team has been brought on from Modon Properties as the group undergoes a restructuring since August last year
Stocks on both the Dubai and Abu Dhabi bourses edged up on the last trading day of the year
The go-live implementation is expected to take place early next year and once operational, investors will gain the ability to directly trade on both exchanges through licenced brokers
The healthcare firm is offering about 1.11 billion shares, equivalent to 10 per cent of the total issued share capital
The country’s financial markets possess significant potential and flexibility, combined with its continuous commitment to innovation and development
The subscription will be open from November 2 to November 9
The 10-year notes, which were 5.6 times oversubscribed, carry a 4.87 per cent coupon rate and will mature in July 2033
Tawasal is a secure multi-purpose messenger and super app, which offers free calls, chats, video conferencing and lifestyle services
While ADX and DFM will close for trading on July 21, Dubai Gold and Commodities Exchange will remain open and continue to operate under normal trading hours
The bank allows its customers to digitally create an investor number on the Abu Dhabi bourse and apply for IPO subscriptions
The inclusion of private joint-stock firms in the local markets helps companies access a large capital base
The agreement will enable remote access for the exchanges’ respective brokerage companies through Tabadul
The company expects the final offer price to be announced on May 26, after the book-building process
Emerging Markets Property Group is set to hire Rothschild & Co. for the potential IPO in Dubai or Abu Dhabi
The data analytics firm’s shares shot up as much as 176 per cent to Dhs3.70 compared to the IPO price of Dhs1.34 apiece