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Tag: ipo

Posted on 22/09/2021

UPDATE 1-Saudi Telecom’s tech business locks in $966 million from IPO

Saudi Telecom Company has completed the retail and institutional subscription to the initial public offering of Arabian Internet and Communications Services Co, raising 3.624 billion Saudi riyals …
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Posted on 21/09/2021

UAE Luxury Market Report 2021: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2026 – ResearchAndMarkets.com

Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″ report has been added to ResearchAndMarkets.com’s offering.
( read original story …)


Posted on 21/09/2021

Exclusive: PayMate To Raise $100 Mn In Pre-IPO Round, To Enter Unicorn Club

Sources confirmed to Inc42 that with the infusion of fresh $100 Mn, PayMate will enter the celebrated unicorn club …
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Posted on 21/09/2021

United Arab Emirates $1+ Billion Data Center Market Investment Analysis & Growth Opportunities Report 2021-2026

The “United Arab Emirates (UAE) Data Center Market – Investment Analysis & Growth Opportunities 2021-2026” report has been added to ResearchAndMarkets.com’s offering. The UAE data center market size …
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Posted on 21/09/2021

Emirates Development Bank Launches SMB Banking App

Emirates Development Bank, which is important for Dubai’s industrial transformation agenda, has rolled out an app to help SMBs in the UAE.
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Posted on 21/09/2021

UAE Sees No Need for OPEC+ to Change Oil-Production Plan

There’s no need for OPEC+ to change its current production accord, United Arab Emirates Oil Minister Suhail Al-Mazrouei said Tuesday.Most Read from BloombergThe Global Housing Market Is Broken, and It …
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Posted on 20/09/2021

MENA IPO proceeds nearly halved in H1, but outlook is positive

The Middle East North Africa (MENA) region saw four initial public offerings (IPOs) raise total proceeds of $425.8 million during the first half of 2021, a 48 percent drop in proceeds when compared …
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Posted on 20/09/2021

UAE’s Etihad streamlines finance division with Microsoft AI

Etihad leveragiing AI solutions from Microsoft to automate bank-reconciliations in its finance division. – Emergent Tech …
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Posted on 20/09/2021

Emirates Development Bank packages business banking services for SMEs into new app

Dubai: Emirates Development Bank (EDB), a key enabler of the country’s industrial transformation agenda, has launched the EDB Business Banking app in partnership with YAP, a UAE-based fintech. The …
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Posted on 19/09/2021

Mena sees 48% drop in IPO proceeds in H1: EY

Globally traditional IPO performance has remained strong after riding a wave from Q1 2021, with 597 IPOs raising total proceeds of $111.6 billion.
( read original story …)


Posted on 19/09/2021

Institutional offering in ‘solutions by stc’ IPO hit $125.6bln

DUBAI: The institutional side of solutions by stc’s initial public offering was oversubscribed by 13,003 percent, raising SR471.1 billion ($125.6 billion). A unit of the Saudi Telecoms Company, …
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Posted on 19/09/2021

UAE’s Gargash Group acquires Deem Finance

UAE-based conglomerate Gargash Group has acquired financial services provider Deem Finance. The company, which has businesses in automotive, real estate and non-banking financial services sectors, …
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Posted on 19/09/2021

EY: Four MENA IPOS Raised $425.8 Million In H1 2021

According to the EY MENA IPO Eye Q2 2021 report, the MENA region saw four IPOs raise total proceeds of US$425.8 million during the first half of 2021, a …
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Posted on 19/09/2021

UAE: Business conglomerate Gargash Group acquires Deem Finance

Gargash Group, a UAE business conglomerate with an interest in automotive, real estate, and investments, on Sunday announced the acquisition of Deem Finance, a leading consumer finance business.
( read original story …)


Posted on 19/09/2021

UAE central bank sees COVID-19 increasing money-laundering risks

The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the COVID-19 pandemic, including money-laundering and terrorism financing, it said in a report …
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Posted on 19/09/2021

OCI, Adnoc push ahead with IPO of fertiliser venture

Investors could be offered around a 10 percent to 15 percent stake in Fertiglobe through the IPO, according to sources …
( read original story …)


Posted on 19/09/2021

Central Bank of UAE identifies new COVID-19 financial sector risks

This report is part of our ongoing efforts to address money laundering and terrorist financing-specific trends and typologies emerging from the COVID-19 pandemic in the financi …
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