BRISyariah to hold IPO in early May

"I expect the IPO will help our financing grow around 13 to 15 percent this year," Hadi added. BRIsyariah’s move to go public will mark its position as the second publicly listed sharia bank in the country after Dubai Panin Dubai Syariah Bank held an IPO ... ( read original story ...)

Adnoc Distribution approves Dh735m dividend payment

Dubai: Shareholders of Adnoc Distribution ... Sultan Ahmad Al Jaber, board chairman of Adnoc Distribution, said in a statement: “The initial public offering (IPO), and recently announced fourth quarter and 2017 full year results, illustrate that Adnoc ... ( read original story ...)

Dubai traders in $200m scam sentenced to 500 years in prison

and global asset freezes are expected to continue in the UAE, India, Australia, Canada, British Virgin Islands and the US, while about 25 bank accounts have been emptied and frozen. “It sends a very strong message. Financial crime not only destroys the ... ( read original story ...)

Dubai SME expands Beehive finance deal

Dubai: The Mohammad Bin Rashid Fund for SME (MBRF), the financial arm of government agency Dubai SME, has expanded its partnership agreement with peer-to-peer lending platform Beehive. Under a Memorandum of Understanding (MoU) signed last year, MBRF will ... ( read original story ...)

Omniyat secures $40m financing for Dubai real estate project

Dubai-based developer Omniyat has $40 million in construction financing from Kuwait’s Burgan Bank for its twin tower project, The Sterling. Located in Dubai’s Burj Khalifa area, the Sterling will consist two towers – the East House and West House ... ( read original story ...)