#Dubai Financial Market

Dubai-Internet-City Tecom Group

Dubai’s Tecom Group sets IPO price range at Dhs2.46-2.67

The final offer price is expected to be announced on June 27, 2022

Dubai-Internet-City Tecom Group

Tecom Group to list 12.5% of shares on Dubai Financial Market

The company expects to pay a dividend amount of Dhs800m per annum over the next three years

Dubai-Skyline-e1650964799688

UAE’s Utico hires banks to advise on potential IPO

Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group

Dubai Financial Market

Dubai Financial Market to launch trading of Oman Crude Oil futures from June

The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible

Dubai’s DEWA increases stake size from 6.5% to 17% in IPO

DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022

Dubai Financial Market

Dubai Financial Market Company posts Dhs103.8m net profit for 2021, dipping 24.7% y-o-y

Total revenues in 2021 reached Dhs294.6m

Dubai-Internet-City Tecom Group

Tecom Group to list on Dubai Financial Market

Tecom’s business communities include Dubai Internet City, Dubai Media City, Dubai Design District and Dubai Industrial Park

Dubai Financial Market

Dubai’s DFM announces programme to encourage listings from private businesses

The programme encompasses incentives including financial and post-listing support

Salik Toll gate Dubai

Plans unveiled to list Salik road toll system on Dubai Financial Market

There are currently eight Salik toll gates in the city, with three million vehicles registered in the system

Dubai Financial Market appoints new CEO

Hamed Ahmed Ali was previously appointed as deputy CEO and chief markets officer in July 2020

Dubai Financial Market

New board of directors announced for Dubai Financial Market

The new board will be headed by Helal Al Marri

Dubai announces listing of 10 govt, state-owned companies on DFM

The move is part of accelerating new listings in various sectors

Dubai Financial Market

Dubai Financial Market plans to introduce new equity futures contracts

New contracts will include stocks of Dubai Investments, DFM Company and Shuaa Capital

Dubai Financial Market

Dubai Financial Market scraps minimum trading commission from Sep 1

The directive aims to enable retail investors to avail of its investment opportunities, and promote their participation

Abu Dhabi Exchange cuts trading fees, extends trading hours

The Dubai Financial Market also said Saturday it will extend trading time to five hours daily as of October 3

Dubai shares gain amid property recovery optimism

The Dubai Financial Market General Index jumped 0.8 per cent as Emaar advanced as much as 2.8 per cent

Logistics firm Tristar sets price range for second Dubai IPO in three years

The company plans to offer up to 24 per cent of its shares in the IPO

U.A.E. Financial Markets Following Veil Lift on Debt

UAE raises daily decline limit in shares back to 10% from February 28

Authorities had reduced the cap to 5 per cent in March 2020 to contain the fluctuations triggered by the pandemic

Dubai Financial market

Private utilities company Utico plans Dhs3bn listing on Dubai market in 2021

Utico is the UAE’s only private water and power company

Dubai Financial Market

Dubai Financial Market announces launch partners for new equity futures platform

The new equity futures platform is slated to launch on October 18

UAE exchanges, financial centres partner with Aurora50 to drive gender diversity

Aurora50 is initiating the discussion around board-level gender diversity with a virtual event

Market cap of UAE-listed companies crosses Dhs1 trillion mark

On August 19, the listed public joint stock companies booked Dhs11.7bn in gains

General Views of Dubai Financial Market

Dubai Financial Market appoints new CEO, reports 21% rise in H1 profit

The DFM attracted 1,718 new investors during the first half of the year

Dubai’s Amanat agrees to sell Middlesex University Dubai

The value of the transaction remains undisclosed

Dubai Financial Market

Dubai Financial Market to reopen trading floor on July 7

DFM had announced the temporary closure of the premises on March 16 in the wake of the Covid-19 pandemic