Dubai – The Commercial Bank of Dubai (CBD) logged net profits valued at AED 2.23 billion in the first nine months (9M) of 2024, an annual increase from AED 1.93 billion. Total operating income hiked …
NMDC Energy announces strong third quarter net profit of AED 402mln following successful IPO
NMDC Energy delivered a 145% year-on-year increase in net profit for the three months ending 30 September 2024, from AED 164 million to AED 402 million, driven by strong operational performance and …
Cox’s Spain IPO Expected in November as Company Awaits Regulatory Nod
Cox Abg Group SA expects to price its initial public offering next month, as it awaits approval from the Spanish securities regulator to launch the share sale, according to people familiar with the …
Lulu Retail Holdings IPO: Indian businessman Yusuff Ali-founded Lulu kicks off one of UAE’s biggest IPOs this year
Lulu Retail Holdings, a leading hypermarket chain in the Middle East, has initiated its IPO process, potentially the UAE’s largest this year. Scheduled between October 28 and November 5, the IPO aims …
NMDC Energy reports Dhs402m as Q3 net profit post IPO
NMDC Energy delivered a 145 per cent year-on-year increase in net profit for the three months ending 30 September 2024 …
UAE: Islamic treasury bonds attract Dhs7.20bn in bids at auction
The Islamic T-sukuk issuance programme plays a pivotal role in enhancing the UAE’s financial markets by contributing to the development of a UAE dirham-denominated yield curve …
Meet man, an Indian billionaire, who is planning Rs 15000 crore IPO, biggest in UAE this year, his net worth is Rs..
According to Lulu’s IPO document, the listing will offer 2.5 billion shares, which are expected to begin trading on November 14. Sources involved in the transactions indicate that the company could …
White & Case, Clifford Chance, Ibrahim & Partners Advise on LuLu Retail’s Abu Dhabi IPO
With LuLu’s announced offering, law firms consolidate their involvement in dynamic, billion-dollar IPO activities in the Middle East.
Indian Billionaire Yusuff Ali To List Retail Giant Lulu In What Could Be U.A.E.’s Biggest IPO This Year
Indian billionaire Yusuff Ali’s Lulu Retail Holdings plans to sell 25% of the company and list the share on the Abu Dhabi Securities Exchange next month.
Banks provide Dhs81.2 billion in financial facilities to SMEs in H1
The cumulative balance of facilities and loans extended by banks operating in the UAE to small and medium-sized enterprises (SMEs) reached Dhs81.2 billion by the end of the first half of 2024, …
UAE lender ADCB posts 23% rise in Q3 net profit, beats estimates
Abu Dhabi Commercial Bank beat forecasts with a 23% rise in third-quarter profit on Wednesday helped by factors such as a jump in fee and commission income.
Nasdaq Dubai welcomes DIB’s listing of $500mln AT1 Sukuk
With this listing, Nasdaq Dubai further cements its position as a leading global hub for Sukuk, with total outstanding Sukuk now reaching $93 billion across 102 listings and a combined $133 billion in …
UAE-Based Lulu Retail Gets Set For IPO In Abu Dhabi
UAE-based Lulu Retail Holdings PLC (Lulu Retail) has announced an initial public offering (IPO) that will see it list its shares on the Abu Dhabi Securities Exchange (ADX). Lulu Retail, a major …
IMF hikes UAE’s GDP growth forecast to 5.1% for 2025
This comes as IMF raised the Emirates’ 2024 growth forecast earlier in May on the back of strong economic growth …
UAE bank to deduct funds from customers’ accounts that were not debited during system upgrade
Dubai Islamic Bank (DIB) has sent out an email to its customers that it will deduct money that was processed during the system upgrade earlier this year but was not debited from the customers’ …
Lulu IPO: Can investors outside UAE subscribe? Process explained
The Abu Dhabi-headquartered pan-GCC retailer will sell 25 per cent of its shares with a nominal value of Dh0.051 each …
Dubai unveils Ignyte to empower 100,000 start-ups
Dubai has launched a new digital platform to accelerate the growth of more than 100,000 start-ups and entrepreneurs, the Dubai Government Media Office announced on Tuesday. Ignyte, launched by Sheikh …