By Hadeel Al Sayegh DUBAI, Sept 10 (Reuters) – Oil and gas driller ADES Holding, backed by Saudi Arabia’s sovereign wealth fund, began marketing its initial public offering on Sunday, seeking 12.50 …
Saudi PIF-backed ADES Holding seeks to raise SAR4.6bn from IPO
PIF-backed ADES Holding is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares.
Oil and gas driller ADES Holding begins marketing IPO to institutional investors
Oil and gas driller ADES Holding, backed by Saudi Arabia’s sovereign wealth fund, began marketing its initial public offering on Sunday, seeking 12.50 riyals ($3.33) to 13.50 riyals a share.
Rover Finance Raises $350K in Less Than 5 Minutes on PlutoPad
Dubai, UAE, 9th September 2023, ZEX MEDIA, Rover Finance, a revolutionary payment management protocol, designed to cater to the unique needs of crypto native businesses, raises $350K in less than 5 …
UAE debt capital market to hit $300bn by 2030: Fitch
UAE debt capital market (DCM) maturity is rising and will hit $300bn by 2030, according to Fitch Ratings. The DCM crossed $250bn by end of H1 this year and is growing apace, said the financial …
UAE discusses export controls, trade of potential dual-use products with joint EU, UK, US delegation
The discussion, held during the delegation’s visit to the Gulf country early this week, advances talks held on the issue in February this year …
Philippines, UAE seek to advance trade, investment relations
It said the two trade ministers discussed exploring possible investments and cooperation in areas like renewable energy, research and development, and skills development …
Saudi Arabian auto rental firm Lumi prices IPO at top of range
DUBAI, Sept 8 (Reuters) – Saudi Arabia’s Lumi on Friday set the price of its initial public offering (IPO) at the top of a range announced last week, reflecting strong appetite for Saudi flotations …
Watch: DFM-listed school operator Taaleem starts talks on a possible entry into Saudi Arabia
Talks for possible Riyadh locations are on, as Taaleem scripts a new round of growth “We currently have ample funding to fulfil the promises outlined in our IPO prospectus,” says Williamson. Image …
UAE-based Fintech MyZoi Raises $14 Million to Bolster Financial Inclusion
Zoi, an innovative fintech focused on financial inclusion and financial literacy for the underbanked, has raised USD 14 million from SC Ventures and SBI Holdings, as it obtains two regulatory licenses …
Dubai International Financial Centre enacts amended data protection regulations
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has enacted amendments to the Data Protection Regulations.
COP28 needs to show action not words for business, finance leaders
Less talk and more action on decarbonising the energy system should be the main focus of world leaders at the next round of climate talks, speakers at the Reuters IMPACT conference said.
Dubai: DIFC amends data protection regulations
The amendments to the Data Protection Regulations address the means for better, safer and more ethical management of personal data processing and operations, DIFC said …
EDB launches $27m solar energy financing programme for SMEs in UAE
Emirates Development Bank, the state-owned lender focused on financing the UAE’s priority sectors, has launched a Dh100 million ($27.2 million) solar energy finance programme as part of the country’s …
UAE’s Masdar teams up with Africa50 to scale clean energy projects in the continent
Abu Dhabi clean energy company Masdar has partnered with Africa50, an investment platform, to identify and scale clean energy projects across the continent. Masdar has signed an initial agreement with …
COP28 presidency announces $4.5bn UAE finance initiative to unlock Africa’s clean energy potential
The landmark initiative unlocks vital capital from several UAE institutions, notably from Abu Dhabi Fund for Development (ADFD), Etihad Credit Insurance (ECI), Masdar, and AMEA Power …
Emirates Development Bank to allocate $27mln SME loans to boost solar energy initiatives
The UAE’s Emirates Development Bank (EDB) plans to allocate 100 million dirhams ($27 million) to solar energy initiatives, helping boost the adoption of green energy solutions. The state-owned …