Nasdaq Dubai to add Emaar Development to futures market

... will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO). The listing is expected to take place on Wednesday. Investors will be able to trade ... ( read original story ...)

UAE oil firm ADNOC may offer 20 percent stake in fuel unit

If ADNOC raises as much as $2.8 billion, it would be the biggest initial public offering (IPO) in the United Arab Emirates since 2007 when DP World raised nearly $5 billion, according to Thomson Reuters data. Abu Dhabi is pushing its state companies to ... ( read original story ...)

Adnoc to sell up to 20% stake in fuel unit through IPO

The shares will be listed on December 13, it added. “The planned IPO [initial public offering] ... will offer both UAE and international investors an unprecedented opportunity to invest alongside Adnoc in one of the region’s leading retail brands ... ( read original story ...)

Saudi Crackdown Sent Shivers Through Largest Middle East IPO

The government of Dubai is the largest shareholder in parent Emaar Properties, while Abu Dhabi has close ties with the Saudi regime. "We are pleased to have received significant retail and institutional support for our IPO, the first in Dubai in three ... ( read original story ...)