Dubai supermarket chain operator Spinneys, which is planning a 25% stake sale in an IPO, has expended the size of its retail offering following high levels of demand from investors.
Dubai Financial Market reports 171% increase in Q1 2024 net profit (pre-tax), reaching AED 95.6mln
Institutional investors accounted for 65% of trading value.
Spinneys increases UAE retail offering to 7% after ‘significant investor demand’
The total size of the offering remains unchanged at 900 million shares, representing 25 per cent of the company’s total issued share capital …
Emirates Islamic becomes first Islamic bank in region to introduce Fractional Sukuk for investors
Emirates Islamic has launched Fractional Sukuk, an innovative new product catering to investors. The exclusive offering grants customers access to international Sukuk markets with a minimum investment …
Dubai Financial Market reports 171% increase in Q1 2024 net profit
DUBAI, 29th April, 2024 (WAM) — Dubai Financial Market (DFM) today announced its consolidated financial results for the first quarter of the year ending on 31st March 2024, posting a net profit …
National Bank of Fujairah net profit before tax rose 80.8% in Q1 2024
National Bank of Fujairah (NBF) announced on Monday that it recorded a year-on-year growth of 80.8 per cent in net profit before tax of Dh274.8 million in the first quarter of 2024 compared to Dh152.0 …
Editor of IMI-owned The National: FT wrong to call us UAE ‘mouthpiece’
Mina Al-Oraibi told Press Gazette criticism of the newsbrand’s ownership unfairly writes off its journalism, which she said “speaks for itself”. She noted it was shortlisted for International …
UAE’s Islamic finance sector witnesses accelerated growth of 8% in 2023: S&P
S&P Global Ratings, the global credit rating agency, confirmed that the total assets of the global Islamic finance sector continue on a path of rapid growth, pointing to the sector’s accelerated …
UAE corporate tax to bolster future economic sustainability: MoF
This new taxation framework, informed by extensive benchmarking and impact assessments, ensures public participation through a digital consultation phase …
UAE: SCA extends decision to exempt registration fees for green or sustainability-linked bonds or sukuk
The Securities and Commodities Authority (SCA) today decided to extend the exemption from registration fees for green or sustainability-linked bonds or sukuk.
Emirates Islamic becomes first Islamic bank in the region to introduce Fractional Sukuk for investors
Exclusive wealth management proposition offers investors accessibility to international Sukuk markets with a minimum investment of USD 25,000 …
Dubai records surge in off plan properties, Metahomes AI driven database dives deeper to provide real estate insights
Dubai’s real estate market continues to defy expectations … Another factor contributing to the off-plan market’s strength is the rising cost of mortgages. While rental yields have increased, the …
Spinneys’ Dubai IPO Set to Price at Top, Raising $375 Million
High-end supermarket chain Spinneys’ Dubai initial public offering is expected to price at the top of the range and raise 1.38 billion dirhams ($375 million), showing strong demand for a rare private …
WEE secures $10mln funding round, unveils IPO plans in MENA
It enables consumers in Dubai with the convenience of ordering goods … Meanwhile, WEE is exploring the possibility of an initial public offering (IPO) in the MENA region in line with its commitment …
Spinneys Holding PLC announces its intention to float on the Dubai Financial Market
Spinneys Holding plc today announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares … “Having begun our story in Dubai in the early 1960s, we are …
UAE: Adnoc is country’s most valuable brand, etisalat strongest in Middle East and globally
Oil giant Adnoc is the UAE’s most valuable brand while e& Group’s telecom vertical etisalat by e& is the strongest brand in the Middle East and globally, according to a new report by Brand Finance.Abu …
How Dubai’s Direct Debit is shaking up the system to save consumers from bulk payments
Ummair Butt is an entrepreneur who is willing to challenge the norm, shake up the age-old system and he is not afraid to fail. Conviction and persistence have defined the entrepreneurial journey of Mr …