#Abu Dhabi Securities Exchange
The offering drew Dhs186bn in orders from professional investors within the UAE and the region
The SPAC raised Dhs1.1bn of growth capital, including Dhs734m from the previously announced PIPE transaction
The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange
The order book was nearly 10 times oversubscribed at the time of issuance in April, with investors placing total orders of more than $15bn
This bond is the first part of a programme to raise up to $3bn to meet Masdar’s equity funding commitments on new renewable energy projects
The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process
More than three billion shares will be offered in the IPO
ADX has witnessed strong year-to-date growth in the ETF market’s trading activity with around 12,500 trades of 243 million units
Year-to-date growth in the turnover of ADX’s ETF market was supported by more than 11,400 trades of 227 million units
From October 6, stock futures on Abu Dhabi Islamic Bank, Abu Dhabi Commercial Bank, Fertiglobe, Borouge and AD Ports will be available for trading on the derivatives market
The agreement aims to enhance bilateral cooperation and information sharing in a number of areas, including advisory services, and training and development of systems
TradingView has a growing base of social traders, with around 30 million users and over one million paid subscribers around the world
The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45bn
Tabadul will enable investors to trade directly on both exchanges through licensed brokers across the two markets
FADX 15 futures are cash-settled contracts that will replicate the price performance of the benchmark FADX 15 index
The market value of shares owned by foreign investors in Q1 2022 jumped 163 per cent to total Dhs131bn
The growth market will enable companies to directly list their shares on ADX, without the need for an initial public offering
The FTSE ADX 15 Index will include 15 of the largest and most liquid companies listed on the Abu Dhabi Securities Exchange
The agreement will facilitate inter-exchange trading and put in place procedures for dual listings in the UAE and Kuwait
Market capitalisation of stocks listed on the exchange more than doubled to reach Dhs1.6tn
The company will commence trading on the main exchange from February 8
The framework will provide international investors with access to growth opportunities
The FTSE ADX General Index will replace the ADX General Index, as of January 10
Hisham Khalid Tawfiq Abdulkhaliq Malak also serves as the undersecretary of the Department of Finance
The group had assets of Dhs8.16bn and 3,240 employees as at end of September 2021
The group will list on ADX’s main market on December 5
The two entities will introduce products and services including exchange-traded funds, smart order routing and cross-border direct trading
The Abu Dhabi Securities Exchange and Abu Dhabi’s Department of Economic Development have submitted a proposal to the Securities and Commodities Authority
The derivatives market is using the marketplace technology delivered by Nasdaq
The company is working on expanding its operations