Tag: ipo

DUBAI Jan 31 First Gulf Bank (FGB), Abu Dhabi’s third-largest lender by assets, reported an 11 percent fall in fourth-quarter net profit on Tuesday but narrowly beat analysts’ expectations. FGB, which is being merged with rival National Bank of Abu Dhabi …
( read original story …)

---

Zayed Giving Initiative, ZGI, the UAE Societal Voluntary Programme, and Tadreeb National Training, Tadreeb, have signed an agreement to establish and manage the first specialised bank for volunteers. The bank will target volunteers across community …
( read original story …)

---

ABU DHABI, 31st January, 2017 (WAM) — The Board of Directors of the UAE Central Bank has reviewed the bank’s Q4 Report for 2016, which covered various banking related issues. The 1st meeting in 2017, held under the chairmanship of Khalifa Mohammed Al …
( read original story …)

---

The regulator of offshore financial hub the Dubai International Financial Centre (DIFC) is preparing to license loan-based crowdfunding platforms for the first time. The Dubai Financial Services Authority (DFSA) has begun a consultation process on its …
( read original story …)

---

Dubai: The UAE’s main equity indices were relatively flat on Monday, one day before Abu Dhabi’s three biggest banks are set to disclose their financial results for 2016. The Dubai Financial Market (DFM) index inched up 0.34 per cent to 3,678.79.
( read original story …)

---

Dubai: Profitability of Gulf Cooperation Council (GCC) banks are expected to improve this year after going through a slowdown last year according to banking industry analysts and rating agencies. “Earnings in GCC may show a growth of 5.9 per cent 2017 …
( read original story …)

---

Dubai: The 30-year bond rally as well as a US equity market … Alternative investment strategies offer a wide range of possibilities — from commercial real estate, hedge funds, private equity, private placement debt to trade finance.
( read original story …)

---

which is 60 percent owned by Dubai Investments, was working as a financial adviser on the listing, he said. “When we are positive on the market, then we can go to the Emirates Securities and Commodities Authority (ESCA) for approval for the IPO,” said Kalban.
( read original story …)

---

The number of UAE residents applying for personal loans dropped in 2016, but it was harder for those who applied to get their loans approved, according to a new report. The report by financial comparison site compareit4me.com found that the number of …
( read original story …)

---

The UK financial regulator is looking to crack down on domestic and international pension transfers in a move that could give added protection to British investors in the UAE. The Financial Conduct Authority (FCA) has issued an alert over the growing …
( read original story …)

---

The great and the good of the UAE shipping industry came together in Abu Dhabi at the fourth UAE Summit of Marine and Maritime Leaders this week with the subject of finance and the availability of funding dominating much of the proceedings. In the opening …
( read original story …)

---

DUBAI/KHOBAR, Saudi Arabia/LONDON State oil giant Saudi Aramco [IPO-ARMO.SE] has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sources said on …
( read original story …)

---

Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, posted a 58.4 percent increase in fourth-quarter net profit on Wednesday, beating analysts’ forecasts by a considerable margin. The bank made AED1.37 billion ($373 …
( read original story …)

---

Dubai-based Mashreq Bank reported a net profit of Dh1.9 billion ($520 million) for the year ending on December 31, 2016. Witnessing a stable growth, Mashreq’s operating income rose 3.2 per cent year-on-year to Dh6.2 billion driven by strong growth in net …
( read original story …)

---

Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, posted a net profit of Dh4.05 billion ($1.10 billion) for the year ended December 31, 2016, up 6 per cent compared with Dh3.839 billion …
( read original story …)

---

Mr. Al Ghurair, who is also the head of the UAE Banks Federation, said in November that banking sector profits may fall between 10 and 20 per cent in 2016 versus 2015 as a slowing economy takes its toll on loan growth.
( read original story …)

---

Dubai: Dubai Islamic Bank (DIB) said on Wednesday its 2016 net profit rose 6 per cent, beating analysts expectations. The company said it saw robust growth in profitability despite slow economic environment even as impairment losses declined. The bank …
( read original story …)

---