Tag: ipo

DUBAI (Reuters) – United Arab Emirates-based Aster DM Healthcare has agreed a $295 million credit facility with India’s Axis Bank, the healthcare company said in a statement. Aster had a $276 million loan outstanding with a consortium of eight banks, and …
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Derek, who did not want to reveal his full name, is in a similar position to Mr Nair; he needs credit but cannot borrow because of poor UAE financial history. The Briton, a married father-of-two and resident here for seven years, bounced a Dh155,000 …
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Standard Chartered Bank announced on Tuesday the launch of its video and chat banking service for clients in the UAE, a first for an international bank. The launch follows the successful roll-out of the service in Malaysia, Singapore, Taiwan in 2016 and …
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Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first quarter results for the period ended March 31, 2017. 1 st Quarter Results Highlights: Sustained …
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DUBAI, April 10 (Reuters) – Saudi Aramco’s board will meet in … Aramco has appointed international banks with access to Chinese investors to advise on the initial public offering (IPO) . The issue of Aramco’s IPO and a potential role for Chinese …
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The IPO was Dubai’s first since Dubai Parks & Resorts floated in December 2014, a transaction on which EMCAP was also Joint Global Coordinator and Joint Bookrunner. ENBD REIT’s offer was well over-subscribed with commitments from a mix of investors …
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Three UAE banks have announced plans to declare this week their financial data for the first quarter of the year 2017. The declaration, made by the Dubai Islamic Bank, Mashreq Bank and Union National Bank, listed on ADX, comes in line with the directives …
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Vice President of the UAE and Ruler of Dubai. Recently it was reported that more than 900 Emirati men and women were employed by banking and financial institutions in just 75 days through government accelerators. This is an incredible achievement and sets …
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Dubai: Noor Bank is participating at the annual Careers UAE as part of its strategic objective to bring on board talented Emiratis for key positions. The bank personnel are on hand at the bank’s stand — 7A-5, to conduct on-the-spot interviews and …
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Dubai: Expectations on UAE banks are modest as they start declaring first quarter results from this week. However, banking analysts expect to see signs of improvement in asset quality and profitability starting this quarter. With most banks continuing …
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As part of its commitment to strengthen joint cooperation and exchange expertise on innovation, the UAE Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Sabah Al-Ahmad Center for Giftedness and Creativity (SACGC). The signing took …
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Dubai – Mubasher:UAE stocks are likely to see further selective buying by foreign and institutional investors on Tuesday ahead of first quarter disclosures and despite the decline in oil prices, GCC market analyst Mohamed Al Ahbaby told Mubasher.
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Dubai: Dubai Police foiled a bank robbery by arresting three men just hours before they were to attempt the heist, police said on Thursday. Major-General Khalil Ebrahim Al Mansouri, Assistant to the Dubai Police Chief for Criminal Investigation Affairs …
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The head of corporate and investment banking at Dubai’s Mashreq is leaving to become chief executive of Noor Bank, sources familiar with the matter told Reuters on Monday. Mashreq, Dubai’s third-biggest bank by assets, said John Iossifidis was leaving …
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Dubai: More traders participated in the newly formed First Abu Dhabi Bank boosting liquidity in the once illiquid stock on inclusion in the FTSE emerging market index, causing a surge in the Abu Dhabi index on Wednesday, and making it a regional leader.
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The IPO was Dubai’s first since Dubai Parks & Resorts floated in December 2014, a transaction on which EMCAP was also Joint Global Coordinator and Joint Bookrunner. ENBD REIT’s offer was well over-subscribed with commitments from a mix of investors …
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London based broker One Financial Markets has further cemented its presence in the Middle East with new regulatory approval from The Dubai Financial Services Authority (DFSA), the regulatory authority for the Dubai International Finance Centre (DIFC).
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