Tag: ipo

The company sold 342.084 million shares, representing 7.55 per cent of du’s share capital. Based on the final offer price of Dh9.20, the offer will generate approximately Dh3.15 billion of gross …

Dubai, UAE – Azentio Software, the end-to-end BFSI software specialist, announced the launch of its next-generation Islamic Finance Origination (IFO) solution. Purpose-built for speed, compliance, and …

Emirates Islamic Bank (EIB), rated A+ (stable) by Fitch, has issued mandates for a dollar-denominated five-year benchmark Reg S senior unsecured sustainability-linked sukuk. El Sukuk Company is listed …

Alec Holdings, a diversified engineering and construction group, on Monday said it would list 20 per cent of its share capital on the Dubai Financial Market through an Initial Public Offering, with …

Dubai Taxi Company (DTC) continues to deliver robust financial returns while contributing to Dubai’s vision of a smart and sustainable transportation ecosystem. Amit Khandelwal, CFO of DTC, with 25 …

The Selling Shareholder, ICD, retains the right to amend the size of the Offering at any time prior to the end of the subscription period at its sole discretion, subject to applicable laws and the …

ALEC Holdings, a Dubai-based engineering and construction firm, will sell 1 billion shares, representing a 20% stake, in an initial public offering, Gulf News reported on Monday.

December 2023 marked a proud and historic moment for Dubai Taxi Company — our official listing on the Dubai Financial Market. This milestone is more than just a financial achievement; it’s a reflection …

Abdalla Alameeri, Director of Commercial Investments highlights DTC’s ESG-driven strategy, tech innovation, and alignment with Dubai Vision 2030 positioning it as a compelling investment opportunity …

The Anti-Fraud Centre of the General Department of Criminal Investigation at Dubai Police arrested a criminal gang that established fake companies as a front …

The UAE Central Bank’s recent decision to phase out one-time passwords (OTPs) in favour of stronger authentication methods has underscored the Emirates’ leadership in safeguarding bank customers at a …

Abu Dhabi Commercial Bank is capitalizing on the determination of the UAE government and central bank to promote payment automation and digitization. Jacek Kurantowicz, head of cash management, …

Dubai’s property sector, long known for its appeal to global investors and high-net-worth individuals, is now witnessing a structural shift in the wake of the game-changing initiative. According to …

This potential IPO follows recent capital market activity by Binghatti. It issued a USD 500 million Sukuk under its USD 1.5 billion Trust Certificate Issuance Programme; the offering was …

Hong Kong’s Securities and Futures Commission (SFC) and the Dubai Financial Services Authority (DFSA) have signed a Memorandum of Understanding to strengthen their collaboration on the regulatory …

Dubai Investments PJSC is in talks with banks to list a unit that operates one of the emirate’s largest mixed-use real estate developments, seeking to capitalize on surging property demand.

Dubai’s abandoned luxury cars, from Ferraris to Lamborghinis, reveal a harsh reality behind the city’s opulence. Strict Sharia-influenced financial la …