Tag: ipo

… Bank received the award at a ceremony following the ‘MENA Risk and Transaction Banking Dialogue 2017’, held earlier this month, at the Conrad Hotel in Dubai. The Asian Banker is one of Asia’s leading consulting companies in financial services …
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Khalifa Industrial Zone Abu Dhabi (KIZAD) has announced the signing of a Memorandum of Understanding (MOU) with Bank of China Ltd. – Abu Dhabi to mutually promote their services for the benefit of both entities’ customers in the UAE and abroad.
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Richards said yallacompare’s banking comparison business also thrived this year, serving well over 2 million individuals in the UAE alone, and processing over 61,000 banking applications.
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DUBAI, 17th December, 2017 (WAM) — Emirates NBD has won the ‘Achievement in Market Risk Management’ award in the Middle East and Africa, at the Asian Banker Middle East and Africa Transaction Banking and Risk Awards Ceremony 2017. The bank’s Chief …
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Mashreq Bank, the UAE’s leading financial institution was presented withthe Best Consumer Mobile Banking Global award at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England. The award isin recognition of …
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Dubai-based developer Omniyat has signed a facility agreement with Ajman Bank for Dh500 million ($136 million) for the construction of an iconic mixed-use project at Dubai Water Canal in Business Bay. The project is a cooperative partnership between Omniya …
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Irishman John Carey is fronting the biggest initial public offering (IPO) in the United Arab Emirates in over a decade in a deal worth 3.31 billion dirhams (€767 million). Carey, who worked for 17 years at oil giant BP in senior roles around the globe …
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He said the IPO brought world-class investors into Abu Dhabi … international investors have been hugely excited about developing a position in the United Arab Emirates (UAE), they see the good growth fundamentals here, it’s a great place to invest …
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ADNOC Distribution, the fuel retail unit of the UAE’s state oil firm ADNOC, made a strong debut on the Abu Dhabi Securities Exchange on Wednesday, opening 16 percent higher than the price set in the initial public offering (IPO). Shares in ADNOC …
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A United Arab Emirates state-owned oil giant made a positive stock market debut Wednesday, a listing likely to resonate through the Middle East as several other companies prepare to go public. The Abu Dhabi National Oil Company (ADNOC) listed a stake in …
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UAE. The Middle East and North Africa (MENA) region witnessed five IPO deals in the third quarter of 2017, representing a 400% increase when compared to the single IPO recorded in Q3 2016. Announced MENA value, or capital raised, reached US$ 236.7 million …
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The Abu Dhabi National Oil Company (ADNOC) has set an IPO offer price for its fuel distribution unit at US$ 8.5 billion, well below the up-to-US$14 billion valuation the UAE’s state oil firm was targeting six months ago. The difference between the …
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… IPO in Abu Dhabi in over 10 years with substantial demand from both institutional and retail investors IPO spurred demand and interest from UAE retail investors – oversubscribed 22 times on the retail tranche, prompting ADNOC to double the size of the …
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IPO, that raised AED3.1 billion. Emaar Malls listed on Dubai Financial Market, DFM, in October, 2014 after raising AED5.8 billion in its IPO. The addition of the two companies is the latest expansion of Nasdaq Dubai’s derivatives market, which will …
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The strategic partnership with FinovateMiddleEast was announced by HE Younis Al Khouri, Undersecretary of the Ministry of Finance, UAE at an announcement event held at the Conrad Hotel Dubai on 12 December with senior government officials, heads of …
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It is reported that the UAE and Saudi Central Banks are preparing to test a crypto initiative that will create a new digital currency for use in cross-border payments. The Arab Monetary Fund (AMF) and Financial Stability Institute jointly organized on …
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Expats remittances from the UAE amounted to $33 billion (AED121.1bn) during the first nine months of the year, according to a report by the UAE Central Bank. The figure represented a 2 percent growth on the corresponding period in 2016, up AED118.6 billion …
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