Abu Dhabi National Oil Company (Adnoc), together with its long-standing partner Borealis AG, on Monday announced the offer price for the initial public offering (IPO) of Borouge plc, their …
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Abu Dhabi’s Borouge IPO Opens at Dh2.45/share, Biggest IPO to Date
UAE’s Abu Dhabi National Oil Co. (Adnoc) and Austria’s chemical producer Borealis AG have set an offer price of Dh2.45 ($0.67) per share for its petroch …
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Purchases on UAE shopping and finance apps surged 64% and 32% respectively during ramadan 2022, AppsFlyer research
Popularity of finance apps among UAE consumers clear as non-organic installs grew an incredible 441% over Ramadan last year …
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Abu Dhabi’s biggest IPO to date – from Borouge – opens at Dh2.45/share
ADNOC JV Borouge ropes in high-profile ‘cornerstone’ investors, including India’s Adani Dubai: Borouge is pricing its share at Dh2.45, implying a valuation of $20 billion for the Abu Dhabi …
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Abu Dhabi’s biggest IPO to date – from Borouge – opens at Dh2.45/share
ADNOC JV Borouge ropes in high-profile ‘cornerstone’ investors, including India’s Adani Dubai: Borouge is pricing its share at Dh2.45, implying a valuation of $20 billion for the Abu Dhabi …
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Abu Dhabi-based Borouge sets IPO price, gets seven cornerstone investors
Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it has set the offer price for its initial public offering (IPO), which shows it could raise about $2 billion in the deal, and …
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Abu Dhabi-based Borouge sets IPO price, gets seven cornerstone investors
Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it has set the offer price for its initial public offering (IPO), which shows it could raise about $2 billion in the deal, and …
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Abu Dhabi’s Multiply Group puts $50m into blockbuster Borouge IPO, opening May 23
Multiply was also one of the key investors in DEWA, with $100m The ADX in Abu Dhabi will soon welcome Borouge, the ADNOC joint venture. Image Credit: Supplied Dubai: Abu Dhabi’s Multiply Group will …
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UAE residents and businesses’ ‘Credit Score’ expanded to include salary, utility payments
Al Etihad Credit Bureau expands scope of ‘Credit Score’ coverage from 70% to 90% Dubai: More than 90 per cent of individuals and businesses in the UAE will be covered by ‘credit scores’ under a new …
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EDB in talks with Poland’s national development bank to boost collaboration
Emirates Development Bank (EDB) is exploring opportunities to collaborate with Bank Gospodarstwa Krajowego (BGK), the national development bank of Poland, to support economic development in their …
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Emirates Development Bank discusses collaboration with Poland’s national development bank, BGK
Emirates Development Bank (EDB) has held a meeting with the Bank Gospodarstwa Krajowego (BGK), the national development bank of Poland, as part of its m …
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Heavyweight Trio Lead on Latest Big Ticket Middle East IPO
Allen & Overy, Shearman & Sterling and Al Tamimi & Co are acting as legal advisers on the IPO of UAE-based petrochemicals major Borouge. The float will see the company sell a 10% stake for just under …
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Vancouver biotech Zymeworks rejects $10.50 per share hostile bid from Dubai hedge fund All Blue
Zymeworks Inc. has rejected an unsolicited takeover proposal from a Dubai hedge fund, saying it “significantly” undervalues the Vancouver biotechnology company and is not in the best interests of …
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Aggregate Q1 profit of UAE’s 10 largest banks climbs 24% amid economic recovery
The aggregate net income of the 10 largest lenders in the UAE grew more than 24 per cent in the first quarter of 2022, compared with the previous three months, according to professional services …
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Fitch affirms ‘BBB+’ rating for Bank of Sharjah with a stable outlook
For the second consecutive year, Fitch has assigned Bank of Sharjah a Long-Term Issuer Default Rating (IDR) of ‘BBB+’ with a stable outlook …
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Somalia: Govt Releases Nearly $10m Seized From UAE Plane Four Years Ago
The Somali government has released $9.6 million it seized from a United Arab Emirates plane in Mogadishu four years ago, a step aimed at mending relations that have been stuck at a low point ever …
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Dubai dissolves tribunal handling financial settlements related to Dubai World
Dubai said on Friday it is dissolving a special tribunal that was set up in 2009 to resolve disputes pertaining to financial settlements related to Dubai World and its subsidiaries. A decree on the …
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