The final offer price is expected to be announced on June 27, 2022
The company expects to pay a dividend amount of Dhs800m per annum over the next three years
Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group
The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible
DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022
Total revenues in 2021 reached Dhs294.6m
Tecom’s business communities include Dubai Internet City, Dubai Media City, Dubai Design District and Dubai Industrial Park
The programme encompasses incentives including financial and post-listing support
There are currently eight Salik toll gates in the city, with three million vehicles registered in the system
Hamed Ahmed Ali was previously appointed as deputy CEO and chief markets officer in July 2020
The new board will be headed by Helal Al Marri
The move is part of accelerating new listings in various sectors
New contracts will include stocks of Dubai Investments, DFM Company and Shuaa Capital
The directive aims to enable retail investors to avail of its investment opportunities, and promote their participation
The Dubai Financial Market also said Saturday it will extend trading time to five hours daily as of October 3
The Dubai Financial Market General Index jumped 0.8 per cent as Emaar advanced as much as 2.8 per cent
The company plans to offer up to 24 per cent of its shares in the IPO
Authorities had reduced the cap to 5 per cent in March 2020 to contain the fluctuations triggered by the pandemic
Utico is the UAE’s only private water and power company
The new equity futures platform is slated to launch on October 18
Aurora50 is initiating the discussion around board-level gender diversity with a virtual event
On August 19, the listed public joint stock companies booked Dhs11.7bn in gains
Discussions are still ongoing
The DFM attracted 1,718 new investors during the first half of the year
The value of the transaction remains undisclosed
DFM had announced the temporary closure of the premises on March 16 in the wake of the Covid-19 pandemic