Tag: hedge fund

Talabat Holding, the Middle Eastern unit of Germany’s food delivery platform Delivery Hero, has raised Dh7.5 billion ($2.04 billion) through its initial public offering, setting the price at the top of the range for the biggest public float in the Gulf this year.

Amanat Holdings, a Dubai-listed investment company, has appointed SNB Capital to manage the proposed sale of a 30 percent stake in its education business through an initial public offering (IPO) in Saudi Arabia next year.

Pensioners could shield their grieving families from Rachel Reeves’s inheritance tax raid by moving to Dubai, experts have suggested. Around 10,000 Britons already move there each year, benefitting …

The “Tap, Win, and Fly to Dubai” with Republic Bank promotion is open to all Republic Bank Ghana VISA Credit Cardholders and the General Public. The promotion is being run in collaboration with the …

According to global real estate leader, CBRE, Dubai reached AED120bn ($32.7bn) in residential sales in Q3, marking an increase of over 30 per cent compared to the same period last year.

Reem Finance has partnered with software provider Temenos to launch its new digital community bank in the UAE. This initiative is part of Reem Finance’s strategy to drive digital transformation and …

Based on the unchanged price range for the sale of its shares of Dh1.50 to Dh1.60, the revised IPO size is expected to rake range between Dh7 billion and Dh7.5 …

Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, met on Friday with Dr Abdelhakim Shibli, Minister of Finance of the Hashemite Kingdom …

Reem Finance, a corporate and retail finance specialist licensed and regulated by the UAE Central Bank, has selected Temenos to power a new digital community bank in the United Arab Emirates.

Abu Dhabi’s state energy company floated its fuel distribution unit in 2017, raising about $850mn. Dubai’s state utility company raised $6.1bn in 2022, and state parking group Parkin raised $429mn …

Delivery Hero’s Talabat priced its Dubai initial public offering at the top end of the previously announced range, implying a market value of around $10 billion.

This support enabled the release of 85 financially insolvent inmates and convicts from penal and correctional institutions across the UAE …

Talabat, one of the largest food ordering businesses in the Middle East, is set to raise about $2 billion from the largest initial public offering in the United Arab Emirates, after its parent …

Talabat has announced the successful completion of the bookbuild and public subscription process for its initial public offering on the Dubai Financial Mar..

Talabat has announced the successful completion of the bookbuild and public subscription process for its initial public offering on the Dubai Financial Mar..

Delivery Hero has set the price for the IPO of its Middle Eastern unit, Talabat, at 1.60 UAE dirhams ($0.44) per share. It will raise AED 7.5 billion ($2 billion) in gross proceeds from its IPO on the …

A hedge fund that’s said to be part of a network overseen by Iranian oil trader Hossein Shamkhani has told its London employees that the firm will go into liquidation, according to people familiar …