The Offering was significantly oversubscribed and experienced overwhelming demand from UAE Retail Investors and Qualified Institutional Investors. Total gross demand for the IPO amounted to over $83.4 …
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UAE: Adnoc announces largest company IPO, oversubscribed almost 42 times
Abu Dhabi National Oil Company (Adnoc) announced the successful completion of the bookbuild and public subscription process for the Initial Public Offering (IPO) of Borouge plc, along with its partner …
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Biggest Abu Dhabi listing ever: Borouge IPO sees $83.4 billion demand, 42 times oversubscribed
Borouge is a petrochemicals firm jointly owned by ADNOC and Borealis AG Biggest Abu Dhabi listing ever: Borouge IPO sees $83.4 billion demand, 42 times oversubscribed Abu Dhabi, Abu Dhabi National Oil …
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ADNOC Delivers Latest Blockbuster IPO, Largest-Ever Abu Dhabi Listing To Date
ABU DHABI, 31st May, 2022 (WAM) — Abu Dhabi National Oil Company (ADNOC) together with its long-standing partner Borealis AG today announced …
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In UAE, investors need to think of inflation hedging ways
Chasing the mid space in real estate and capital market investments seem right thing to do The inflation rollercoaster is back, along with volatility in global asset markets. As interest rates march …
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Commercial Bank of Dubai recognized with “Best Innovation in Investments Banking” Award
Dubai: Commercial Bank of Dubai, one of the leading banks in the UAE, has won the “Best Innovation in Investments Banking” award for its robo-advisory app CBD Investr. In addition, CBD’s General …
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Dubai-based Tarabut Gateway partners with four Saudi banks
Dubai-based fintech Tarabut Gateway is working with four major Saudi banks as the kingdom approaches the launch of open banking. The DIFC-based platform said it has been selected by Riyad Bank, Saudi …
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Dubai Chambers, Citi Sign MoU to Boost Cooperation and Business Competitiveness
Dubai Chambers recently signed a memorandum of understanding (MoU) with Citi UAE to enhance cooperation and coordination to serve common goals, boost co …
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Abu Dhabi’s Borouge draws $80bln in demand for its IPO: sources
DUBAI: Abu Dhabi-based petrochemicals company Borouge has attracted demand of $80 billion for its initial public offering, two sources told Reuters, as retail investors snapped up shares despite …
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Emirates Development Bank Highlights Growth-Focused Financing Solutions at MEA Finance Banking Technology Summit 2022
Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has participated i …
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UAE’s Utico hires banks to advise on potential IPO
UAE-based utility Utico has hired banks including Goldman Sachs, HSBC Holdings and Standard Chartered to advise on a potential IPO in Dubai this year, joining a steady stream of companies tapping the …
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Nearly 90% think UAE bank account opening is too complicated
Identity proofing platform IDnow and YouGov research finds UAE residents are frustrated by bank account applications.
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Almost 90 percent of UAE bank customers find opening account too complicated
IDnow survey also indicated 82 percent unhappy with having to physically go to a branch versus digitally opening an account Almost 90 percent of UAE bank customers find opening account too complicated …
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UAE jobs: Marketing and banking hires score most with new graduates
Many new entrants into job market still find work experience counting against them Dubai: Jobs in marketing, banking and healthcare are the top hiring sectors for new graduates in UAE. In the UAE, …
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UAE’s Utico eyes Dubai IPO amidst regional boom
The company is seeking a primary offering on the Dubai Financial Market and may consider a dual listing, according to a statement. Other banks involved in the IPO are Emirates NBD, First Abu Dhabi …
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Foreign Demand to Keep Dubai Property Prices on Steady Upward Course Reuters Poll
Dubai house prices are set to mostly rise steadily over the next two years, driven by demand from foreign investors, according to a Reuters poll of analysts, who cautioned that higher interest rates …
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Foreign Demand to Keep Dubai Property Prices on Steady Upward Course Reuters Poll
Dubai house prices are set to mostly rise steadily over the next two years, driven by demand from foreign investors, according to a Reuters poll of analysts, who cautioned that higher interest rates …
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