Tag: banking

The strong demand from investors enabled Spinneys to price its IPO at Dh1.53 a share, the top of the initial price range, which values the company at Dh5.51bn ($1.5bn). The final deal size will be Dh1 …

The UAE stock markets are now witnessing initial public offerings (IPOs) of quality public and private sector entities, industry executives said on Wednesday. While speaking at the Capital Market …

Platform offers a private offering alternative to IPOs for family businesses, growth companies, and private companies …

Spinneys 1961 priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn).

High-end supermarket chain Spinneys received about 71 billion dirhams ($19.3 billion) in orders for its $375 million Dubai initial public offering, underscoring strong appetite for a rare private …

Dubai supermarket chain operator Spinneys, said the final offer price for its IPO at 1.53 dirhams ($0.42) per share, at the top end of the previously announced offer price range, potentially raising …

The completion of the Offering and Admission is currently expected to take place on Thursday 9 May 2024, under the ticker symbol “SPINNEYS” and ISIN “AEE01377S248”, subject to market conditions and …

First Abu Dhabi Bank (FAB), the UAE’s largest bank, reported a net profit of Dh4.2 billion for the first quarter of 2024, up 6 per cent …

Survey data reveals top objectives, investment preferences and management trends for ultra-high-net-worth families …

The Apparel Group, one of the largest lifestyle and fashion retail companies in the UAE, is eyeing robust growth in the GCC with plans to expand its store offerings, according to its Chairwoman and …

The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q1 2024 net profit of 4.2 billion dirhams ($1.14 billion), 6% higher year-on-year (YoY) on strong revenue growth. The net profit topped …

ABU DHABI: The gross value of interbank fund transfers through UAE Fund Transfer System (UAEFTS) rose to more than AED3 trillion during January and February, 2024, according to the latest statistics …

UAE banks’ investments exceeded the AED650 billion mark by the end of February 2024, reaching its highest level in history, according to the latest statistics from the Central Bank of the UAE (CBUAE).

Emirates Institute of Finance Launches Future Tech Leaders Program for UAE Nationals Dubai – 30 April 2024: …

Spinneys’ IPO consists of 900m shares, equivalent to 25% of the company, sold by Al Seer Group, a vehicle for the Al Bwardy family. At the top of the price range, the IPO will raise Dh1.37bn. No new …

UAE banks’ investments exceeded the AED650 billion mark by the end of February 2024, reaching its highest level in history, according to the latest statistics from the Central Bank of the UAE (CBUAE).

Dubai Holding refinanced a 30 billion dirham ($8.2 billion) loan to replace older facilities at the two state-backed developers it absorbed last month, better positioning itself to capitalize on a …