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
The IPO is Abu Dhabi Securities Exchange’s second listing this year and it was oversubscribed by 136 times
The IPO is the largest ever in Abu Dhabi and the largest globally, year to date, as the emirate is expecting eight more listings
The company increased the number of ordinary shares offered in the IPO to 3.8 billion on Monday, implying market capitalisation of Dhs182bn
The market capitalisation of stocks listed on ADX increased 59.7 per cent to Dhs2.2tn at end of Q3 from Dhs1.38tn during the same period in 2021
The subscription period for the listing will open on October 21 and close on October 25
Through the launch of this new trading platform, International Securities is expected to double its customer base over the next 18 months
The subscription period for institutional and retail investors will open on September 30 and close on October 4
The banking sector was the leading contributor, with 17 banks accounting for 69 per cent of total assets
The bonds were largely issued as part of TAQA’s Global Medium Term Note Programme and are listed on the London Stock Exchange
In March, Multiply Group was added to the newly designed FTSE ADX 15 – the first index co-developed under the FTSE ADX partnership
With the launch and listing of ADC, ADQ and Chimera aim to capitalise on ADX’s newly-issued SPAC regulations
EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX