#shares

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

Public Investment Fund

Saudi wealth fund to take $185m Jordanian bank stake

The Public Investment Fund signed a subscription agreement that would involve it buying 63 million newly issued shares

Elon Musk

Elon Musk says Tesla’s total headcount will rise despite cuts

Shares of the automaker slumped more than 9 per cent on Friday after news of the job cuts emerged

IPO

Offer price for Abu Dhabi’s largest ever listing set at Dhs2.45 per share

The IPO subscription period has commenced today, May 23, and will close for retail investors on May 28, 2022

Good times are ahead for lithium miners as prices continue to surge

The popularity of electric vehicles has driven prices for battery metals sharply higher

Tesla notches record profit, sees big 2022 production gain

It delivered about 936,000 cars in 2021

Elon Musk

Elon Musk offers to buy 100% of Twitter

The billionaire said that ‘Twitter has extraordinary potential’

Apple

Apple shares set for the longest winning streak since 2003

Shares in the world’s largest company rose 0.2 per cent premarket on Tuesday

Ford reorganises to run EV and engine businesses separately

The newly formed Ford Model e unit will scale up the automaker’s EV offerings

Abu Dhabi Ports surges on debut after $1.1bn share sale

In 2021, Abu Dhabi Ports handled 45 million tons of general cargo volumes

Abu Dhabi

AD Ports Group lists shares on Abu Dhabi Securities Exchange

The company will commence trading on the main exchange from February 8

IHC’s Multiply Group starts trading on Abu Dhabi Securities Exchange

The group had assets of Dhs8.16bn and 3,240 employees as at end of September 2021

Seven Elon Musk tweets that sent Tesla shares on a wild ride

There’s also the influence Musk wields in crypto markets

Sajwani’s Maple extends offer to acquire 100% of Damac Properties

Arqaam Capital is acting as receiving agent with respect to the offer

GlobalFoundries, Mubadala raise $2.6bn in top-of-range IPO

The listing is the third biggest on a US exchange this year

ADNOC Drilling Company increases offering size for IPO

The offer price of Dhs2.30 per share remains unchanged

ADNOC Drilling Company announces intent to list 7.5% of shares on ADX

ADNOC Drilling is the largest national drilling company in the Middle East by rig fleet size

Subsidiary of Abu Dhabi’s International Holding Company to list on ADX

The company has Dhs10bn in paid-up capital

Investcorp to delist from Bahrain Exchange after nearly 40 years

The delisting, which is still subject to regulatory approvals, is expected to be completed in the next month

Tristar pulls Dubai IPO as investors push back on valuation

Tristar’s IPO was slated to be the second listing in three years on the Dubai Financial Market

Dubai-listed Emaar Properties and Emaar Malls announce merger plans

As part of the transaction, the existing business of Emaar Malls will be reconstituted in a wholly owned subsidiary of Emaar Properties

UAE telecom du to consider raising foreign ownership

The company will hold a board meeting on January 20

Qatar’s first IPO since 2019 sees shares in QLM soar 24%

The listing was the first in Qatar since the debut of dairy producer Baladna at the end of 2019

UAE’s Palms Sports lists shares on Abu Dhabi bourse

Trading on the shares begins on December 21

Dubai’s Meraas offers to delist park operator DXB Entertainments

Meraas plans to acquire debt worth $1.16bn and convert it into new DXBE shares

Saudi Aramco is first oil major to regain pre-price-war share price

Aramco’s recovery has been achieved on much smaller share volumes than its international counterparts

Gold climbs to seven-year high as Fed warns on US economic growth

Bullion has surged 16 per cent this year as the spread of the virus curbed economic growth

Kuwait’s stock exchange delays trading debut due to Covid-19

The listing, scheduled for April 19, has been postponed until further notice

UAE’s First Abu Dhabi Bank sells 2.5 million shares held by NMC’s BR Shetty

Almost 4.8 million shares which belonged to Shetty were held in a nominee account in Falcon Private Bank which were then transferred to First Abu Dhabi Bank on February 5