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Tag: ipo

Posted on 14/08/2021

Does Dubai Sheikh lobby for another contract after refunding ‘overpriced’ Sputnik V vaccine money?

Sheikh Ahmed Dalmook Al Maktoum, a member of the ruling family of Dubai, UAE, seems to be eyeing another contract in Ghana after refunding 50% of the payment made by the government of Ghana in its …
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Posted on 13/08/2021

IPO CORNER: Here’s all the latest news from IPO-bound train of Indian startups

Here’s all the latest news from the IPO-bound train of Indian startups. Travel booking platform Ixigo has filed its draft red herring prospectus (DRHP) for a Rs 1,600 crore IPO, which will include Rs …
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Posted on 13/08/2021

MobiKwik appoints four independent directors to its board ahead of IPO

The holistic expertise of our new board members in our sector, public policy, technology, and business will provide an added thrust to MobiKwik’s strategic direction, MobiKwik’s cofounder and CEO …
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Posted on 13/08/2021

Payroll, Accounting FinTechs Capture VCs’ Attention

FreshBooks become the B2B FinTech world’s latest unicorn, but the accounting startup didn’t secure the largest round of the week, which went to a payroll firm.
( read original story …)


Posted on 13/08/2021

How DP World unit aims to unlock access to trade finance for SMEs

The newly licenced firm will connect companies needing trade finance solutions with financial institutions on DP World’s CARGOES Finance platform. Small and medium sized enterpris …
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Posted on 13/08/2021

MobiKwik appoints 4 new independent directors ahead of IPO

Ahead of its IPO opening, MobiKwik has appointed four new independent directors. Digital payments company MobiKwik on Friday has appointed four new independent directors ahead of its IPO opening in …
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Posted on 12/08/2021

Devyani International IPO Allotment Date: Direct Link To Check Devyani IPO Allotment Status

Devyani International IPO Allotment Date is today, according to reports. Investors are seeking to know Devyani International IPO Allotment status. Pizza Hut, KFC and Costa Coffee operators in India …
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Posted on 12/08/2021

Al Baraka Banking Group records a net profit of US$ 53mln attributable to shareholders, for the first half of 2021

Manama: The Bahrain headquartered leading Islamic banking multinational, Al Baraka Banking Group BSC (The Group), which is traded at Bahrain Bourse and Nasdaq Dubai (under the trading code “BARKA”), …
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Posted on 12/08/2021

UAE’s Shuaa Capital posts biggest H1 net profit in a decade

Shuaa Capital, the UAE-based asset management and investment banking platform, has announced its biggest half-year net profit in a decade. The company recorded net profit of AED54 million, up …
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Posted on 12/08/2021

Is it game over for Chinese tech investing?

The investing landscape in China has changed profoundly, but as the dust settles and the panic selling subsides we will start to look at the sector.
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Posted on 12/08/2021

World Bank Appoints New Country Resident Representative For UAE

The World Bank has announced the appointment of Mrs. Iva Hamel, a Bulgarian national, as its new Resident Representative for the World Bank in UAE, effective Aug 16, 2021. Mrs. Hamel, Joined the Bank …
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Posted on 12/08/2021

UAE- Amlak Finance posts of Dh197 million net profit in H1

Amlak Finance, a leading Islamic real estate financier, reported on Wednesday a net profit of Dh197 million for H1 2021, compared to net loss of …
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Posted on 12/08/2021

Dubai Financial Services Authority appoints new CEO

Christopher Calabia was named new CEO of Dubai Financial Services Authority, according to the website of the regulator. Effective Oct. 1, Mr. Calabia will replace Bryan Stirewalt, who has been serving …
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Posted on 11/08/2021

China bank loans fall to 9-month low, modest policy easing expected

China’s new bank loans fell more than expected in July to their lowest in nine months while broad credit growth hit a 17-month low, adding to market expectations that modest policy easing may be …
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Posted on 11/08/2021

Exxaro Tiles IPO: Allotment date, how to check application status & GMP

After the finalisation of allotment, the funds will be refunded to ineligible bidders on August 12 and equity shares will be credited to demat accounts of eligible investors on August 13.
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Posted on 11/08/2021

DP World to facilitate trade finance from DIFC in boost to SMEs

DP World Financial Services, a DP World company, is to begin facilitating access to trade finance for smaller companies as part of DP world’s …
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Posted on 11/08/2021

Dubai’s Amlak Finance posts Dh197m H1 2021 net profit

Dubai: Amlak’s H1 2021 revenues decreased by 19 per cent to Dh117 million as compared to Dh145 million in H1 2020 excluding fair value losses on investment properties and gain on debt settlement. The …
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