Company Insights Dubai Financial Market (DFM) Markets Dubai Financial Market (DFM) News Analysis Markets Healthcare sector props up Gulf IPOs in 2024 The healthcare sector has emerged as a significant contributor of initial public offerings in the Gulf region during the first half of 2024, according to a report by the Kuwait Financial Centre, known as Markaz. This comes despite an overall decline in new listings. However, Saudi Arabia’s Al-Hokail Academy Specialized Digital Polyclinics Company cancelled its […] July 16, 2024 EXCLUSIVE Markets Gulf IPOs: what companies must do to go public Owners of private Gulf companies mulling going public should ensure their businesses have a compelling narrative to tell investors and clear separation between shareholders and management, according to the chief financial officer of Dubai-based retailer Spinneys. In May the supermarket chain became the first company registered in the offshore Dubai International Finance Centre (DIFC) to […] July 3, 2024 Opinion Economy UAE economic report: good, but can do even better Equity markets and inflation require some extra effort July 1, 2024 Finance Drake & Scull opens nominations for new board Dubai contractor Drake & Scull International (DSI) has opened nominations for new board members, after the completion of a lengthy restructuring process. DSI is looking to fill seven positions, according to a filing to Dubai Financial Market (DFM), with nominations open until July 11. Earlier this week the board of directors tendered their resignations in […] June 27, 2024 Markets Fees and procedures make UAE IPOs more complex UAE companies seeking to go public must undertake complex and often costly procedures to complete an initial public offering, although fees remain reasonable by international standards because of competition among advisers, according to experts. This decade, Abu Dhabi and Dubai have part-privatised many government-owned companies, sparking an IPO flurry that runs counter to slowdowns in […] June 26, 2024 Retail Spinneys opens first Saudi supermarket in Riyadh Spinneys has opened its first supermarket in Saudi Arabia and is planning a further 12 stores in the country by 2028. The UAE supermarket operator listed on the Dubai Financial Market last month and raised AED1.38 billion ($375.7 million) from its initial public offering, which was oversubscribed almost 64 times. The first Spinneys in Saudi […] June 24, 2024 Markets Drake & Scull International shares up by 24% as trading resumes Shares in Drake & Scull International rose by 24 percent on Wednesday as the troubled contractor resumed trading on Dubai Financial Market following a six-year suspension. DSI stock ended Wednesday at AED0.31, having started the day at AED0.25 – the price at which it sold AED450 million ($123 million) of shares earlier this month as […] May 29, 2024 Construction DSI claims bumper revenues to come before it resumes trading Dubai’s Drake & Scull International is forecasting a more than tenfold increase in revenues between this year and the end of 2029 as the troubled contractor prepares to return to trading on Dubai Financial Market. Trading in the utilities and infrastructure engineering company’s shares came to a halt in November 2018 when DSI disclosed losses […] May 28, 2024 Renewable Energy Parkin to roll out more green EV chargers across Dubai Dubai is expanding its network of electric vehicle (EV) chargers as part of the emirate’s push to accelerate smart and green mobility. Parkin, the state-backed parking management company, has signed an agreement with the Dubai Electricity and Water Authority (Dewa) to increase the number of EV green charger stations at prime locations across the emirate. Parkin […] May 24, 2024 Education Dubai’s Amanat moves ahead with education platform IPO Amanat Holdings is planning for a potential initial public offering (IPO) of its education platform. The Dubai-listed healthcare and education investment company aims to monetise its education platform by creating a new holding company. Advisors have been appointed to explore the monetisation options to unlock significant shareholder value, the company said in a Dubai Finanical Market filing […] May 16, 2024 Posts navigation Previous 1 … 6 7 8 … 20 Next
Analysis Markets Healthcare sector props up Gulf IPOs in 2024 The healthcare sector has emerged as a significant contributor of initial public offerings in the Gulf region during the first half of 2024, according to a report by the Kuwait Financial Centre, known as Markaz. This comes despite an overall decline in new listings. However, Saudi Arabia’s Al-Hokail Academy Specialized Digital Polyclinics Company cancelled its […] July 16, 2024
EXCLUSIVE Markets Gulf IPOs: what companies must do to go public Owners of private Gulf companies mulling going public should ensure their businesses have a compelling narrative to tell investors and clear separation between shareholders and management, according to the chief financial officer of Dubai-based retailer Spinneys. In May the supermarket chain became the first company registered in the offshore Dubai International Finance Centre (DIFC) to […] July 3, 2024
Opinion Economy UAE economic report: good, but can do even better Equity markets and inflation require some extra effort July 1, 2024
Finance Drake & Scull opens nominations for new board Dubai contractor Drake & Scull International (DSI) has opened nominations for new board members, after the completion of a lengthy restructuring process. DSI is looking to fill seven positions, according to a filing to Dubai Financial Market (DFM), with nominations open until July 11. Earlier this week the board of directors tendered their resignations in […] June 27, 2024
Markets Fees and procedures make UAE IPOs more complex UAE companies seeking to go public must undertake complex and often costly procedures to complete an initial public offering, although fees remain reasonable by international standards because of competition among advisers, according to experts. This decade, Abu Dhabi and Dubai have part-privatised many government-owned companies, sparking an IPO flurry that runs counter to slowdowns in […] June 26, 2024
Retail Spinneys opens first Saudi supermarket in Riyadh Spinneys has opened its first supermarket in Saudi Arabia and is planning a further 12 stores in the country by 2028. The UAE supermarket operator listed on the Dubai Financial Market last month and raised AED1.38 billion ($375.7 million) from its initial public offering, which was oversubscribed almost 64 times. The first Spinneys in Saudi […] June 24, 2024
Markets Drake & Scull International shares up by 24% as trading resumes Shares in Drake & Scull International rose by 24 percent on Wednesday as the troubled contractor resumed trading on Dubai Financial Market following a six-year suspension. DSI stock ended Wednesday at AED0.31, having started the day at AED0.25 – the price at which it sold AED450 million ($123 million) of shares earlier this month as […] May 29, 2024
Construction DSI claims bumper revenues to come before it resumes trading Dubai’s Drake & Scull International is forecasting a more than tenfold increase in revenues between this year and the end of 2029 as the troubled contractor prepares to return to trading on Dubai Financial Market. Trading in the utilities and infrastructure engineering company’s shares came to a halt in November 2018 when DSI disclosed losses […] May 28, 2024
Renewable Energy Parkin to roll out more green EV chargers across Dubai Dubai is expanding its network of electric vehicle (EV) chargers as part of the emirate’s push to accelerate smart and green mobility. Parkin, the state-backed parking management company, has signed an agreement with the Dubai Electricity and Water Authority (Dewa) to increase the number of EV green charger stations at prime locations across the emirate. Parkin […] May 24, 2024
Education Dubai’s Amanat moves ahead with education platform IPO Amanat Holdings is planning for a potential initial public offering (IPO) of its education platform. The Dubai-listed healthcare and education investment company aims to monetise its education platform by creating a new holding company. Advisors have been appointed to explore the monetisation options to unlock significant shareholder value, the company said in a Dubai Finanical Market filing […] May 16, 2024
