Tag: ipo

Dubai’s largest bank, Emirates NBD, is set to raise $750 million with perpetual bonds non-callable for six years, a document seen by Reuters showed. The bank is offering investors a 6.125 percent …
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Dubai’s real gross domestic product at constant prices showed a 3.5% decline in the first quarter of 2020. Compared to this, the emirate’s GDP had registered a dynamic growth rate of 2.2% in 2019, …
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Most major Gulf stock markets opened higher on Thursday, with Saudi Arabia leading the gains on back of its financials, while Dubai bucked the trend. July 2 (Reuters) – Most major Gulf stock markets …
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It looked strange as a hike in any area of spending these days looks unrealistic. Real estate is the lifeline of our beautiful country. We should regulate each and every aspect connected with it so …
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The COVID-19 crisis has left many foreign workers and small business owners in the UAE reeling from the financial fallout of the pandemic …
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While the immediate timetable for West Bank annexation might be slipping a bit, Israel still appears to be on the verge of unilaterally proclaiming sovereignty on a patch of land that is a critical …
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The Central Bank of the UAE and the Abu Dhabi Global Market, the capital’s international financial hub, on Wednesday invited financial technology companies to compete in the annual FinTech Abu Dhabi …
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Dubai’s economy declined by 3.5 percent in the first quarter of 2020 as the emirate grappled with the impact of the coronavirus pandemic. This compares to a growth rate of 2.2 percent in 2019, …
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Riyadh – The Saudi Capital Market Authority (CMA) has approved the request of BinDawood Holding Company to offer 20% of shares through an initial public offering (IPO). A total of 22.86 million shares …
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NCB Capital, financial advisor, lead manager, bookrunner and underwriter for Amlak International’s IPO, announced the successful completion of the book building process for institutions and investment …
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According to the statistics centre, strong management of repercussions of COVID-19 outbreak reduced economic impact of global crisis on Dubai. Real estate, finance, manufacturing and the government …
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Dubai’s real gross domestic product shrank by 3.5% year-on-year in the first quarter, the government’s media office said in a statement on Tuesday, as the Middle East’s business and tourism hub feels …
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Dubai World has made a final $8.2bn payment to creditors, ending the most complicated and highest-profile restructuring to stem from the debt crisis that almost overwhelmed the Gulf emirate a decade …
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Dubai World announced today the repayment of the final tranche of debt to its original creditors, completing the refinancing program that commenced in 2010.
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Payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World Ltd …
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Like most federal laws, the ESR (Economic Substance Regulations) should apply equally to all the emirates, including free zones unless otherwise agreed upon. Free zones are exempted from UAE labour …
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The Indian billionaire founder of UAE-based Mulk Holdings has ruled out the possibility of an initial public offering (IPO) for the multinational conglomerate this year. However, Shaji Ul Mulk told …
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