Carlyle is selling a 41.7 per cent stake in Alamar, or 10.6 million shares, to institutional and retail investors
Bonds amounting to Dhs750m will be offered for a two-year tranche, and Dhs750m for a three years tranche
Speaking to Gulf Business, Rob Ansari, head of investments and retirement – India, Middle East, Turkey and Africa at Mercer, shares insights on evolving market trends and the way forward
The company expects to pay a dividend amount of Dhs800m per annum over the next three years
Bitcoin has been strongly correlated with risk assets for much of the past couple years
The issuance witnessed demand from regional and international investors, with a subscription order of $720m, more than two times the offer size
Bitcoin is trading above $30,000 on Tuesday as it recovers from a sharp decline in the past three weeks
Mercedes sees top-end vehicle sales increasing by 60 per cent by 2026, a jump that would help push its operating margin to around 14 per cent by mid-decade
The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible
Shuaa joins existing investors Riyad Capital and UK comparison website GoCompare
Investors continue to seek a store of value amid the uncertainty
The US Federal Reserve raised interest rates by a quarter percentage point
Dubai-based Careem has reportedly held talks with Saudi Arabia’s Public Investment Fund and Abu Dhabi’s ADQ to raise the funds
Market capitalisation of stocks listed on the exchange more than doubled to reach Dhs1.6tn
Local investors placed orders worth SAR206bn
ADNOC said the new entity “intends to closely monitor market conditions and explore potential funding opportunities”
The alternative coins’ use surged partly as more businesses have begun using stablecoins for cross-border payments
The manner in which our digital lives operate today has been engineered in boardrooms to serve the interests of a select group of technology investors
The first few months for any startup are critical
Established in 1969, Olayan Financing controls the billionaire family’s investments in the Middle East
The deal reflects Mubadala Capital’s foray into the food and beverage sector, where it invested about $1.8bn in the past seven years alone
At the outset Saudi Arabia plans to build four or five zones
An IPO of Tadawul has been on the cards since at least 2016
Developers need to understand the changing demands of potential investors and organisations
Total gross demand for the IPO amounted to over $34bn
The chamber’s total membership count has scaled past 275,000
The emirate’s growing favourability among tourists, families and investors can be attributed to its focus on inclusion, innovation and diversity
The recently announced Operation 300bn strategy is set to be a game changer in transforming the nation’s manufacturing sector, opines Nidal Haddad, founder and CEO, Al Bayader International
Overall deal activity in the region continued its upward trend with 307 deals in the first half of the year
The directive aims to enable retail investors to avail of its investment opportunities, and promote their participation