The company aims to raise $99 million (AED 367 million) through its IPO listing. ADC will float 36.7 million shares on ADX with an offer price of AED 10 per share. UAE’s first special purpose …
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Foreign Investors Fail To Remit Rs 449 Crore For LICs Anchor Book, Domestic Funds Step In
Domestic mutual funds pitched in to bridge the gap in Life Insurance Corporation (LIC) of India’s anchor book as a marquee foreign institutional investor could not remit the money to India due to …
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Wio makes new appointments after receiving UAE Central Bank license
Wio Bank PJSC, established recently in the UAE, has announced the appointment of His Excellency Salem Al Nuaimi as Chairman of the …
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BlackRock to Vanguard, Global Funds Rush to Middle East IPO Boom
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergMarcos Jr. Leads With 61% of Votes Counted: Philippines UpdateStocks Sink to 13-Month …
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UAE: New digital bank Wio gets Central Bank licence, appoints senior leadership
The appointments come after the licence approval by the Central Bank of the UAE. Wio is jointly owned by Abu Dhabi Holding Company (ADQ), Alpha Dhabi, Etisalat, and First Abu Dhabi Bank (FAB) with an …
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AOIC announces IPO, listing on Saudi Exchange’s Main Market
UAE – Abdullah Al Othaim Investment Company (AOIC), a leading mall, entertainment, fashion and F&B operator in KSA, will offer 30 million ordinary shares through an initial public offering (IPO) and …
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ADC Acquisition Corporation, UAE’s first SPAC, to open IPO subscription on 12 May
Shares will be available for purchase to retail and professional investors in a public subscription in the UAE and listed on the Abu Dhabi Securities Exchange (ADX). The company aims to raise AED 367 …
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ADC Acquisition Corporation to open IPO on May 12
ADC Acquisition Corporation (ADC), the UAE’s first special purpose acquisition company (SPAC), today announced that its Initial Public Offering (IPO) subscription period will start on May 12 and run …
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Is it worth spending your hard-earned money on silver as opposed to gold?
Guide to buying silver and the role it can play in your investment portfolio Dubai: As opposed to its … financial market assets. • Inflation hedge: Silver also acts as an inflation hedge …
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UAE approves housing loan financing programme worth $3.1 billion
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting, which was held at Qasr Al Watan Abu Dhabi. The Middle East Sheikh Mohammed …
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UAE’s brand new digital bank Wio confirms Salem Al Nuaimi as Chairman, Jayesh Patel as CEO
The UAE’s brand new digital ponly bank Wio has confirmed Salem Al Nuaimi as Chairman and Jayesh Patel as CEO. The appointments follow the license approval from the UAE Central Bank. Wio is …
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Wio makes senior leadership appointments following UAE Central Bank license
FinTech industry veteran Jayesh Patel appointed CEO of Wio Wio granted UAE Central Bank license to establish fully digital bank in the UAE The next-generation digital banking platform set to …
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What Are The Minimum Wages In Dubai?
It enables companies to pay their employees through banks and other financial institutions; the central bank of UAE implemented this system to protect the people and the employees and secure their …
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UAE To Increase Emiratisation Rates In Private Sector
The UAE has adopted a new system to increase Emiratisation rates in the private sector annually to reach 10 per cent by 2026. “We have set a minimum Emiratisation percentage of 2 per cent annually …
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Dubai’s new Debt Management Office comes into being, will handle government financing, debt
New Dubai entity will handle all of the sovereign debt portfolio too Dubai: Dubai’s Department of Finance has formally launched the Debt Management Office to handle all of the government’s financing …
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Filipinos in UAE bank on ‘strong’ president to unite country
Citizens of the Philippines have said they backed a leader to build a strong economy, unite the country and continue the fight against drugs as the nation voted for a new president. Hundreds of voters …
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UAE Cabinet approves housing loan financing prgm. worth AED 11.5bn
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, chaired the UAE Cabinet meeting, which was held at Qasr Al Watan Abu Dhabi.
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