The supermarket chain aims to raise up to Dhs1.38bn($375m) from its IPO
Its operating profit for the 2022 financial year came in at $73.8m, increasing 22 per cent
DFM welcomed 167,332 new investors, bringing its investor base to over one million
Salik is expected to commence trading on the Dubai Financial Market on September 29
It appears to have found support around its 200-week moving average, which currently sits near $1,200
The rally in oil prices has boosted the world’s biggest oil company’s shares
The investment has been made through its subsidiary Alpha Dhabi Partners Holding
Market capitalisation of stocks listed on the exchange more than doubled to reach Dhs1.6tn
The stock first reached $1 trillion in value in mid-2018, and achieved a $2 trillion valuation in August 2020
Amazon riding an e-commerce and cloud computing wave as people shelter-in-place due to Covid-19