Company Insights Abu Dhabi Securities Exchange Markets Abu Dhabi Securities Exchange News Energy UAE’s Adnoc brings forward oil output capacity target to 2027 The board of Abu Dhabi National Oil Company (Adnoc) has approved plans to bring forward the company’s five million barrel per day oil production capacity expansion to 2027, from a previous target of 2030. The accelerated production capacity target is underpinned by the UAE’s robust hydrocarbon reserves, which have increased by two billion stock tank […] November 29, 2022 Markets KFC Mena franchisee generates $105bn in orders for dual IPO Americana Restaurants, the Middle East and North Africa franchisee of KFC and Pizza Hut, has set the final offer price for its upcoming initial public offering at $0.71 per share in the UAE and Saudi Arabia, the UAE state-owned WAM news agency reported. The dual listing on the Abu Dhabi Securities Exchange (ADX) and the […] November 29, 2022 Markets KFC Mena franchisee Americana doubles UAE retail size of IPO Americana Restaurants, the Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut, has doubled the UAE retail offer for its initial public offering (IPO) from five percent to 10 percent of the total offering. The move makes the UAE retail offer equivalent to Saudi Arabia, the company said in a statement. […] November 18, 2022 Tech IPO juggernaut Bayanat eyes driverless vehicle acquisitions Abu Dhabi’s geospatial and data analytics firm Bayanat AI Plc expects its next wave of growth to come from the driverless vehicles segment and is in the market for potential acquisitions. The company this week recorded the best first-day performance of any global stock market listing of at least $100 million this year. It nearly […] November 3, 2022 Health UAE hospital operator Burjeel in share surge on $300m IPO debut The healthcare firm offered 11% of its shares on the ADX as proceeds from Middle Eastern IPOs continue to rise, bucking the global trend October 10, 2022 UAE health firm Burjeel plans Saudi expansion as IPO nears UAE healthcare provider Burjeel Holdings, established under VPS Healthcare, on Wednesday announced plans to expand into Saudi Arabia ahead of its initial public offering (IPO) later this year. The company, which owns and operates hospitals and other healthcare facilities, will invest up to $1 billion in the Kingdom by 2030 as part of a memorandum […] August 25, 2022 Markets Abu Dhabi bourse tops Arab region in market value increase The Abu Dhabi Securities Exchange (ADX) was the top Arab financial market in terms of performance last week, as the index surged by 3.6 percent and its market value by 3.03 percent, according to the Arab Monetary Fund (AMF). In its weekly bulletin on Arab capital markets’ performance, the AMF noted that the market value […] August 21, 2022 Markets Foreigners invest $4.2bn in UAE stocks since start of 2022 The net investments of non-Arab foreigners in UAE stocks rose to over AED 15.54 billion ($4.22 billion) since the start of 2022, UAE state-owned news agency WAM reported. According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED 70.276 billion from the beginning of 2022 to the end of […] August 17, 2022 Economy UAE and Saudi ‘bright spots’ in challenging global IPO market The UAE and Saudi Arabia bucked the global downturn in initial public offering (IPO) activity in the first half of 2022. According to the EY MENA IPO Eye report, both countries – and the wider MENA region – remain a “bright spot in a challenging market”. It witnessed a 500 percent year-on-year increase in the […] August 4, 2022 Banking and Finance Abu Dhabi firms invest $25m each in Elon Musk’s SpaceX Two Abu Dhabi-listed firms have invested $25 million each in California-based rocket manufacturer SpaceX, which was founded by Elon Musk, the world’s richest man. International Holding Company first invested in SpaceX in 2020 through private equity fund Falcon CI IV and yesterday confirmed it had put in an additional $25 million. “We are pleased to […] June 22, 2022 Posts navigation Previous 1 … 8 9 10 Next
Energy UAE’s Adnoc brings forward oil output capacity target to 2027 The board of Abu Dhabi National Oil Company (Adnoc) has approved plans to bring forward the company’s five million barrel per day oil production capacity expansion to 2027, from a previous target of 2030. The accelerated production capacity target is underpinned by the UAE’s robust hydrocarbon reserves, which have increased by two billion stock tank […] November 29, 2022
Markets KFC Mena franchisee generates $105bn in orders for dual IPO Americana Restaurants, the Middle East and North Africa franchisee of KFC and Pizza Hut, has set the final offer price for its upcoming initial public offering at $0.71 per share in the UAE and Saudi Arabia, the UAE state-owned WAM news agency reported. The dual listing on the Abu Dhabi Securities Exchange (ADX) and the […] November 29, 2022
Markets KFC Mena franchisee Americana doubles UAE retail size of IPO Americana Restaurants, the Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut, has doubled the UAE retail offer for its initial public offering (IPO) from five percent to 10 percent of the total offering. The move makes the UAE retail offer equivalent to Saudi Arabia, the company said in a statement. […] November 18, 2022
Tech IPO juggernaut Bayanat eyes driverless vehicle acquisitions Abu Dhabi’s geospatial and data analytics firm Bayanat AI Plc expects its next wave of growth to come from the driverless vehicles segment and is in the market for potential acquisitions. The company this week recorded the best first-day performance of any global stock market listing of at least $100 million this year. It nearly […] November 3, 2022
Health UAE hospital operator Burjeel in share surge on $300m IPO debut The healthcare firm offered 11% of its shares on the ADX as proceeds from Middle Eastern IPOs continue to rise, bucking the global trend October 10, 2022
UAE health firm Burjeel plans Saudi expansion as IPO nears UAE healthcare provider Burjeel Holdings, established under VPS Healthcare, on Wednesday announced plans to expand into Saudi Arabia ahead of its initial public offering (IPO) later this year. The company, which owns and operates hospitals and other healthcare facilities, will invest up to $1 billion in the Kingdom by 2030 as part of a memorandum […] August 25, 2022
Markets Abu Dhabi bourse tops Arab region in market value increase The Abu Dhabi Securities Exchange (ADX) was the top Arab financial market in terms of performance last week, as the index surged by 3.6 percent and its market value by 3.03 percent, according to the Arab Monetary Fund (AMF). In its weekly bulletin on Arab capital markets’ performance, the AMF noted that the market value […] August 21, 2022
Markets Foreigners invest $4.2bn in UAE stocks since start of 2022 The net investments of non-Arab foreigners in UAE stocks rose to over AED 15.54 billion ($4.22 billion) since the start of 2022, UAE state-owned news agency WAM reported. According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED 70.276 billion from the beginning of 2022 to the end of […] August 17, 2022
Economy UAE and Saudi ‘bright spots’ in challenging global IPO market The UAE and Saudi Arabia bucked the global downturn in initial public offering (IPO) activity in the first half of 2022. According to the EY MENA IPO Eye report, both countries – and the wider MENA region – remain a “bright spot in a challenging market”. It witnessed a 500 percent year-on-year increase in the […] August 4, 2022
Banking and Finance Abu Dhabi firms invest $25m each in Elon Musk’s SpaceX Two Abu Dhabi-listed firms have invested $25 million each in California-based rocket manufacturer SpaceX, which was founded by Elon Musk, the world’s richest man. International Holding Company first invested in SpaceX in 2020 through private equity fund Falcon CI IV and yesterday confirmed it had put in an additional $25 million. “We are pleased to […] June 22, 2022
