The market for new share sales sprang to life in the Middle East, where investors snapped up all stock on offer in a taxi company in under an hour and put in orders worth $12 billion for a …
Dubai Taxi IPO price range values company at up to $1.25 bln; strong demand expected
DUBAI, Nov 21 (Reuters) – Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), which could raise up to around $316 million, with …
UAE: Sheikh Mohammed bin Rashid receives delegations attending conferences of ICAO, ITU
First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE. At the reception, Sheikh Mohammed expressed the UAE’s commitment to delivering effective and innovative …
Upcoming Dubai summit should break climate finance deadlock
Recently the United Kingdom surprised many when it announced a reversal of the initial targets of selling new petrol and diesel cars from 2030 to 2035.And that was not it. The country will also slow …
PureHealth announces 2023 UAE IPO plan
PureHealth Holding has announced its intention to proceed with an initial public offering (IPO) and subsequently list its shares on the Abu Dhabi Securities Exchange (ADX). Subject to obtaining …
The Middle East is hotter than ever in the hedge fund world
Recruiters say firms are loading up on talent in the region and one manager explains why its an attractive place to be.
Dubai Taxi Company Announces Start of Subscription Period for IPO
The subscription period for Dubai Taxi Company’s upcoming initial public offering (IPO) kicked off on Dubai Financial Market today and is scheduled to close on 28 November for UAE retail investors and …
FAB expands Global Private Banking product offering five new evergreen liquid Private Market Funds
The new asset class and evergreen private market funds were introduced at FAB’s Global Private Banking event, ‘Unveiling New Investment Opportunities’. This marks the latest step in the bank’s …
Aafaq Islamic Finance named as the Best Islamic Digital Banking Services in the UAE by MEA Finance Awards 2023
Dubai; United Arab Emirates – Aafaq Islamic Finance, a leading financial institution in the UAE, has been named the “Best Islamic Digital Banking Services” in the UAE by MEA Finance Awards 2023 as a …
Dubai Taxi IPO: Company aims to raise $315m through DFM listing
Shareholders in Dubai Taxi Company are looking to raise as much as Dh1.16 billion ($315 million) through its listing on the Dubai Financial Market as part of the emirate’s push to broaden its capital …
Dubai Taxi sets IPO price range, valuing company at up to $1.25bn
DUBAI: Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), and announced a price range for the offering, which would value it at up …
Dubai Taxi sets IPO price range, targets company at up to $1.2 billion
Dubai Taxi Company (DTC) today announced the price range for the sale of its shares (Offer Price Range) and the start of the subscription period for its initial public offering (IPO). In a statement …
Dubai’s First Privatization in a Year Sells Out in an Hour
Dubai Taxi Co.’s initial public offering of as much as 1.16 billion dirhams ($315 million) received enough orders to cover the deal within an hour of opening, showing strong demand for the emirate’s …
Dubai Taxi Company announces price to invest in $1.2bn IPO
The IPO will be offered at a price range of AED1.80 to AED1.85 per share, resulting in a market capitalisation of approximately AED4.5 billion to AED4.6 billion …
UAE a key player in global financial sector, says NYSE vice chair
The UAE’s financial markets possess significant potential and flexibility, combined with its continuous commitment to innovation and development.
Dubai FSA adopts UAE principles for managing climate-related financial risks
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
Dubai Financial Market and Shanghai Stock Exchange sign MoU to advance cross-border collaboration
The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) announced the signing of a Memorandum of Understanding (MoU) to further strengthen the ties between the capital …