Dubai Electricity and Water Authority (Dewa) has announced it will list 6.5 per cent of its existing shares as part of an initial public offering (IPO) on the Dubai Financial Market (DFM), in line with new strategic directions to develop the emirate’s financial
Multiply Group, a technology-enabled holding company based in Abu Dhabi, on Friday announced that it will be investing Dhs367 million into the Dubai Electricity and Water Authority’s (DEWA’s) landmark initial public offering as a cornerstone investor.
The Dubai Financial Market (DFM) and Dubai Mercantile Exchange (DME) will jointly explore financial products opportunities following the signing of an agreement, that will cater to DFM’s large and diversified investors base of over 852,000 investors. The new initiative stems from both
Salik Company, Dubai’s exclusive toll gate operator, on Thursday announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM).
Dubai Financial Market (DFM) on Monday announced that it has obtained the approval of the Securities and Commodities Authority (SCA) to allow the Dubai Gold and Commodities Exchange (DGCX)
Tecom Group said on Monday it raised Dhs1.7 billion ($462.87 million) from investors for its initial public offering (IPO). The company announced its plan on June 8
Tecom Group, a member of the Dubai Holding group, on Thursday announced its intention to proceed with an Initial Public Offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM).
In the first eight months of the year, 29 brokerage firms listed on Dubai Financial Market (DFM) conducted over 2.57 million deals on 80 billion shares worth Dhs136.4 billion.
The Central Bank of the UAE (CBUAE)’s Financial Stability Report for 2022 said the FTSE ADX General Index (FADGI.FGI) gained more than 20 per cent in 2022. The Abu Dhabi Securities Exchange (ADX) trading value increased by 21.9 per cent to Dhs451 billion. It its overview of UAE stock markets in 2022, the CBUAE report noted
BHM Capital, one of the leading financial institutions in the UAE capital markets, announced that it had acquired 31.22% of the total new accounts on the Dubai Financial Market during the past month of August. This positions them as the top brokerage firm, with a total of 1,341 new accounts out of 4,295,