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Tag: ipo

Posted on 23/11/2021

EDB, ADFD sign MoU to provide new banking, financing solutions

Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU) …
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Posted on 23/11/2021

UAE: Al Habtoor to Decide on IPO in Q1 2022

Dubai hotel billionaire Khalaf Al Habtoor announced in an interview on Bloomberg TV that he will make a decision on listing his firm in the first quarte …
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Posted on 23/11/2021

SMEs set to accelerate UAE’s economic diversification

Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank (EDB), said the bank was adapting to diversification by focusing on accelerating industrial development in the UAE and enabling SMEs to be a …
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Posted on 23/11/2021

Sheikh Maktoum meets Bank of America’s Bernard Mensah

Dubai: The importance of Dubai and the UAE as a financial hub and the incentives offered to investors were praised by a senior Bank of America official on Tuesday. During a meeting with Sheikh Maktoum …
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Posted on 23/11/2021

Dubai Hotel Billionaire to Decide on IPO by Early Next year

That mirrors the broader rebound in Dubai, where property sales are at decade highs and hotel occupancy above 2019 levels. Expo 2020, …
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Posted on 23/11/2021

State-owned Bank Syariah Indonesia to open representative office in Dubai in 2022

Indonesian state-owned Islamic bank, Bank Syariah Indonesia (BSI), is planning to open a representative office in Dubai in 2022, local media have reported. The bank’s corporate secretary Gunawan Arif …
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Posted on 23/11/2021

Dubai’s DAFZA, Export Bahrain sign agreement

The MoU seeks to encourage companies across the two countries to expand joint trade relations and enhance cooperation.
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Posted on 23/11/2021

50th National Day celebrations: UAE issues new coin; all you need to know

The UAE Central Bank has issued a commemorative silver coin on Monday on the occasion of the country’s 50th National Day bearing the name of the Ministry of Presidential Affairs. The silver coin was …
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Posted on 23/11/2021

Dubai Ranks of IPO Hopefuls Grow With Shuaa Plans for Two Listings

Shuaa Capital PSC, which oversees around $14 billion in assets, is considering initial public offerings of two of its portfolio companies as Dubai’s efforts to revive its stock market gain traction …
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Posted on 22/11/2021

UAE – Adnoc Distribution Launches Next Generation Retail Experience

First fuel retailer in the Middle East to offer a fully contactless shopping experience using AI technology to allow consumers to shop and pay with …
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Posted on 22/11/2021

United Arab Bank Appoints Yousif Al Suwaidi Head of Retail Banking Department

United Arab Bank announced the appointment of Emirati banker Yousif Al Suwaidi as Head of Retail Banking. Al-Suwaidi will lead the growth plans in the r …
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Posted on 22/11/2021

Saudi stock exchange seeks to raise up to $1 billion in IPO

Saudi Tadawul Group Holding is seeking to raise as much as $1 billion after setting the price range for an initial public offering at 95 riyals ($25.32) to 105 riyals per share …
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Posted on 22/11/2021

Saudi stock exchange eyes up to $1bn in IPO

Saudi Arabia is keeping the home fires burning for regional public offerings, readying what could be the biggest sale of shares by a stock-exchange operator since Euronext NV.
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Posted on 21/11/2021

Licence fee exemption for Emirati members of Dubai SME extended to 7 years

Dubai: Emirati members of Dubai SME, who had received a five-year exemption from paying licence fees, will now enjoy the benefit for seven years, it was announced on Sunday. The decision, under the …
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Posted on 21/11/2021

Pakistani province signs 17 deals in Dubai to attract UAE investments

The memorandum of understandings (MoUs) were signed at the Punjab International Business Conference in Dubai with the UAE and Pakistani groups to invest in special …
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Posted on 21/11/2021

UAE wins bid to host ICOM General Conference 2025

The UAE has won the bid to host the 27th International Council of Museums (ICOM) General Conference 2025 in Du …
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Posted on 21/11/2021

Saudi’s Tadawul seeks to raise $1b in IPO

Riyadh: Saudi Arabia’s stock exchange is seeking to raise as much as $1 billion from what would be one of the biggest IPOs in the exchange sector since Euronext NV’s listing in 2014. The Saudi Tadawul …
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