Company Insights Abu Dhabi Securities Exchange Markets Abu Dhabi Securities Exchange News Finance Net stock purchases in UAE by institutional investors hit $2bn Net stock purchases by global and regional institutional investors reached nearly AED7 billion ($1.9 billion) on the Abu Dhabi and Dubai bourses in 2023. Total purchases hit AED302.7 billion, compared to total sales of AED295.8 billion, the UAE state-run Wam news agency reported, citing data from the local stock exchanges. Institutional investors dominated the UAE […] December 26, 2023 People & Lifestyle High demand puts Pure Health IPO order book at $72bn Pure Health, the largest healthcare group in the Middle East, set the final price for its initial public offering (IPO) at AED3.26 ($0.89), raising AED3.62 billion following strong demand from investors. The company is offering 1.11 billion ordinary shares, or 10 percent of its total issued share capital, on the Abu Dhabi Securities Exchange (ADX). The […] December 13, 2023 Tech e& completes deal to buy stake in Careem super-app e&, formerly known as Etisalat, has completed the acquisition of a 50.03 percent stake in Careem Technologies for $400 million. The investment is part of the Emirati telco’s strategy to scale up its consumer digital offering and accelerate its transformation to a global technology group, the company said in a statement published on the Abu Dhabi […] December 10, 2023 Markets Abu Dhabi IPO Fund plans up to four listings by 2024-end Abu Dhabi can expect up to four further listings of private companies by the end of 2024, according to Bassel Khawaja, advisory head of the Abu Dhabi IPO Fund. Speaking on the sidelines of Abu Dhabi Finance Week (ADFW), Khawaja told AGBI the fund is currently assisting three unnamed companies with their IPO readiness. He […] November 29, 2023 Banking and Finance Investcorp Capital to list on Abu Dhabi Securities Exchange Investcorp Capital has revealed plans to offer 643 million ordinary shares in an initial public offering on the Abu Dhabi Securities Exchange. The shares, which represent an estimated 29.34 percent of issued share capital after the IPO, will have a nominal value of $0.50 (AED1.84), according to a statement from the Bahrain-based alternative investment company. […] October 24, 2023 Banking and Finance Abu Dhabi insurer Adnic takes over Saudi’s Allianz SF Abu Dhabi National Insurance Company (Adnic) is to take a majority stake in one of Saudi Arabia’s top insurance companies as it looks to increase its presence in the kingdom. Adnic announced to the Abu Dhabi Securities Exchange (ADX) on Thursday that it plans to acquire 51 percent of share capital of Allianz Saudi Fransi […] September 28, 2023 Finance Taqa lists $1.5bn green bonds on Abu Dhabi exchange Abu Dhabi National Energy Company (Taqa) has listed its dual-tranche $1.5 billion bonds on the Abu Dhabi Securities Exchange (ADX). The order book was nearly 10 times oversubscribed, with regional and international investors placing total orders of over $15 billion, the energy major said in a statement. The five-year $500 million notes, maturing in 2029, […] September 8, 2023 Manufacturing Adnoc confirms talks on potential chemicals giant State-owned Abu Dhabi National Oil Company (Adnoc) has confirmed formal negotiations with Austria’s OMV AG (OMV) on the potential creation of a new combined petrochemicals holding entity. The new entity will be created through the proposed merger of the two companies’ existing shareholdings in Borouge plc and Borealis AG. Borouge is listed on the Abu […] July 16, 2023 Banking and Finance IPOs boost Abu Dhabi’s bourse despite stock sell-off The market capitalisation of the Abu Dhabi Securities Exchange rose by $43.7 billion in the first half of 2023. The listings of two Abu Dhabi National Oil Company (Adnoc) subsidiaries more than offset a sustained decline on the bourse’s index and a slump in stock trading. Since late 2021, a flurry of initial public offerings […] June 28, 2023 Markets UAE stock markets surge $60bn in value in H1 2023 The market value of UAE stock exchanges rose by AED220 billion ($59.89 billion) in the first six months of 2023 to AED3.43 trillion, boosted by higher demand from foreign investors and new listings. Four new listings boosted the market value of the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), the UAE […] June 28, 2023 Posts navigation Previous 1 … 6 7 8 … 10 Next
Finance Net stock purchases in UAE by institutional investors hit $2bn Net stock purchases by global and regional institutional investors reached nearly AED7 billion ($1.9 billion) on the Abu Dhabi and Dubai bourses in 2023. Total purchases hit AED302.7 billion, compared to total sales of AED295.8 billion, the UAE state-run Wam news agency reported, citing data from the local stock exchanges. Institutional investors dominated the UAE […] December 26, 2023
People & Lifestyle High demand puts Pure Health IPO order book at $72bn Pure Health, the largest healthcare group in the Middle East, set the final price for its initial public offering (IPO) at AED3.26 ($0.89), raising AED3.62 billion following strong demand from investors. The company is offering 1.11 billion ordinary shares, or 10 percent of its total issued share capital, on the Abu Dhabi Securities Exchange (ADX). The […] December 13, 2023
Tech e& completes deal to buy stake in Careem super-app e&, formerly known as Etisalat, has completed the acquisition of a 50.03 percent stake in Careem Technologies for $400 million. The investment is part of the Emirati telco’s strategy to scale up its consumer digital offering and accelerate its transformation to a global technology group, the company said in a statement published on the Abu Dhabi […] December 10, 2023
Markets Abu Dhabi IPO Fund plans up to four listings by 2024-end Abu Dhabi can expect up to four further listings of private companies by the end of 2024, according to Bassel Khawaja, advisory head of the Abu Dhabi IPO Fund. Speaking on the sidelines of Abu Dhabi Finance Week (ADFW), Khawaja told AGBI the fund is currently assisting three unnamed companies with their IPO readiness. He […] November 29, 2023
Banking and Finance Investcorp Capital to list on Abu Dhabi Securities Exchange Investcorp Capital has revealed plans to offer 643 million ordinary shares in an initial public offering on the Abu Dhabi Securities Exchange. The shares, which represent an estimated 29.34 percent of issued share capital after the IPO, will have a nominal value of $0.50 (AED1.84), according to a statement from the Bahrain-based alternative investment company. […] October 24, 2023
Banking and Finance Abu Dhabi insurer Adnic takes over Saudi’s Allianz SF Abu Dhabi National Insurance Company (Adnic) is to take a majority stake in one of Saudi Arabia’s top insurance companies as it looks to increase its presence in the kingdom. Adnic announced to the Abu Dhabi Securities Exchange (ADX) on Thursday that it plans to acquire 51 percent of share capital of Allianz Saudi Fransi […] September 28, 2023
Finance Taqa lists $1.5bn green bonds on Abu Dhabi exchange Abu Dhabi National Energy Company (Taqa) has listed its dual-tranche $1.5 billion bonds on the Abu Dhabi Securities Exchange (ADX). The order book was nearly 10 times oversubscribed, with regional and international investors placing total orders of over $15 billion, the energy major said in a statement. The five-year $500 million notes, maturing in 2029, […] September 8, 2023
Manufacturing Adnoc confirms talks on potential chemicals giant State-owned Abu Dhabi National Oil Company (Adnoc) has confirmed formal negotiations with Austria’s OMV AG (OMV) on the potential creation of a new combined petrochemicals holding entity. The new entity will be created through the proposed merger of the two companies’ existing shareholdings in Borouge plc and Borealis AG. Borouge is listed on the Abu […] July 16, 2023
Banking and Finance IPOs boost Abu Dhabi’s bourse despite stock sell-off The market capitalisation of the Abu Dhabi Securities Exchange rose by $43.7 billion in the first half of 2023. The listings of two Abu Dhabi National Oil Company (Adnoc) subsidiaries more than offset a sustained decline on the bourse’s index and a slump in stock trading. Since late 2021, a flurry of initial public offerings […] June 28, 2023
Markets UAE stock markets surge $60bn in value in H1 2023 The market value of UAE stock exchanges rose by AED220 billion ($59.89 billion) in the first six months of 2023 to AED3.43 trillion, boosted by higher demand from foreign investors and new listings. Four new listings boosted the market value of the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), the UAE […] June 28, 2023
