Tag: ipo

A similar U.S.-UAE deal was reached just in the past week … However, state-owned carriers Emirates and Etihad Airways will be required to publish audited financial statements annually. They also must “take steps” to avoid below-market deals with …
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The Dubai Financial Services Authority (DFSA) announced on Wednesday the expansion of its Innovation Testing Licence (ITL) programme in response to continued interest in fintech and the digital economy. According to DFSA, the ITL program enables firms to …
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John Iossifidis, Chief Executive Officer of Noor Ban rang the market-opening bell to celebrate the listing of a $500 million Sukuk on Nasdaq Dubai. The capital raised supports Noor Bank’s continuing rapid growth as a fully scalable universal Islamic bank …
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I left Dubai in April last year after losing my job as a compliance director in the financial sector a couple of months earlier. When I left I had an outstanding loan of Dh380,000 and contacted the bank to inform them about my situation. I asked to …
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Drake & Scull International, the Dubai-based contracting giant which has recently completed the restructuring of its corporate general bank debt in the UAE, said on Tuesday that it returned to profit in the first quarter of 2018. The company said it made a …
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ICBC and China Construction Bank Corporation. A recent survey also ranked the UAE as third in a global index of nations that stand to benefit most from the One Belt, One Road Initiative. Kazim said: “Dubai has always been a focal point for trade and …
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DUBAI, 16th May, 2018 (WAM) — Noor Bank today welcomed the listing of US$500 Sukuk on Nasdaq Dubai. The capital raised supports Noor Bank’s continuing rapid growth as a fully scalable universal Islamic bank across the UAE active in a wide range of …
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DUBAI: Saudi British Bank (SABB) and Alawwal Bank have agreed on a merger, Alawwal Bank said on Wednesday, in a deal that would create Saudi Arabia’s third-biggest bank with assets of around $77 billion. The merger is the first major banking tie-up in …
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One of the leading International Banking Group is setting up their Islamic Banking Division in the DIFC; we are currently looking for a Country Head to join them. Setting budgets for new large corporate client relationships comprising assets and liability …
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Capital raised supports bank’s rapid growth as a universal Islamic bank across UAE Successful issuance with five-year term oversubscribed 2.1 times Listing underlines Dubai’s No. 1 position globally for Sukuk at USD 59.72 billion John Iossifidis, Chief …
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Pointing to similar cases in the past of Dubai-based Sovereign Asset Management’s opposition to SK Corp. in 2003 and Elliott’s attack on Samsung Group in 2015, the associations criticized hedge funds for taking huge profits and then withdrawing from the …
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DUBAI, May 15 (Reuters) – Islamic finance operators are scrambling to tighten the industry’s rules in order to make sure other companies cannot take the same path as Dana Gas, which this week forced a $700 million debt restructuring. Global standards are …
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Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has once again dominated one of the industry’s leading awards ceremonies, collecting five honours at the Banker Middle East Industry Awards 2018. For the third consecutive year, DIB was …
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GEMS Education is set to move ahead with an initial public offering, rebuffing interest from a private equity firm for a stake in the school operator backed by Blackstone Group, according to people with knowledge of the matter. The Dubai-based education …
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GEMS Education is set to move ahead with an initial public offering, rebuffing interest from a private equity firm for a stake in the school operator backed by Blackstone Group according to people with knowledge of the matter. The Dubai-based education …
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The Dubai-based education provider may announce plans as early … JPMorgan Chase & Co. and Emirates NBD PJSC to manage the IPO, people familiar with the matter said in December. The company could be valued at about $4 billion or more, people said last …
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In the event of an IPO, the certificates will transfer into an exchangeable sukuk, maturing 2 years from the IPO date, the Dubai-based company said in a statement. It added that the funding will be used to support its expansion in the region. Alan Gow …
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