#Dubai Financial Market

Dubai Taxi

Here’s how much Dubai Taxi aims to raise in IPO

The taxi fleet and operating company has revealed the initial target pricing for its share offers, in what is one of the most anticipated IPOs of the year

cybersecurity

GITEX Global 2023: Seclore combines cybersecurity with data-centric solutions

The Middle East witnessed a 77 per cent increase in ransomware activities in the first quarter of 2023, highlighting the need for significant cybersecurity investments by enterprises

DFM’s H1 2023 profit jumps 77% to Dhs112.2m

Dubai Financial Market reports Dhs112.2m half-year profit, up 77%

The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn

Sheikh Hamdan reviews Dubai’s H1 2023 economic progress

Sheikh Hamdan reviews Dubai’s H1 2023 economic progress

The city has emerged as one of the world’s safest and most attractive cities to live, visit and work

UAE's Al Ansari Financial Services to list 10% stake in IPO

UAE’s Al Ansari Financial Services to list 10% stake in DFM IPO

The company plans to list its shares for trading on the Dubai Financial Market next month

Dubai Financial Market Company posts 41.7% rise in net profit in 2022

Dubai Financial Market Company posts 41.7% rise in net profit in 2022

DFM welcomed 167,332 new investors, bringing its investor base to over one million

DFM and DWTC to host IPO summit in Dubai

Dubai Financial Market, DWTC set to host first MENA IPO Summit – Dubai

The inaugural summit will take place from January 23-25 at The Museum of the Future

Dubai Financial market

Dubai Financial Market launches new general index

The developed indices provide various market participants with investable and tradeable benchmarks for the DFM equity market

Taaleem IPO

UAE’s Taaleem sets offer price range, looks to raise $204m from IPO

The subscription period starts today, with trading of shares expected to commence on November 29

Empower

Dubai’s Empower increases IPO stake size from 10% to 15%

The company’s market capitalisation at listing is expected to be between $3.56bn and $3.62bn

Emaar Properties

Emaar Properties to allow 100% foreign ownership from October 25

From next Tuesday, there will be no shareholding limit for non-UAE nationals

Salik

Dubai toll operator Salik raises over $1bn from IPO

Salik is expected to commence trading on the Dubai Financial Market on September 29

Salik

IPO: Dubai to sell 20% stake of road-toll operator Salik

A total of 1.5 billion shares with a nominal value of Dhs0.01 each will be made available in the offering

Emaar Properties’ board recommends scrapping foreign ownership limit on shares

The developer has also recommended to increase the company’s share capital to Dhs8.838bn

DFM adds 20,552 new investor accounts in first 7 months of 2022

Dubai Gold and Commodities Exchange brokerage firms can now join DFM as derivatives members

Dubai Gold and Commodities Exchange-licenced brokerage companies can acquire a range of DFM derivatives membership licenses, including trading brokerage, and trading and clearing brokerage

DFM adds 20,552 new investor accounts in first 7 months of 2022

Dubai’s DFM adds 20,552 new investor accounts in first seven months of 2022

Companies added 2,349 new accounts in July and 2,850 accounts in June

Dubai Financial Market announces H1 2022 results, posts net profit of Dhs63.4mn

Dubai Financial Market posts net profit of Dhs63.4m for H1 2022

The company’s total consolidated revenue reached Dhs163.8m in H1 2022 compared to Dhs136.6m during H1 2021

UAE’s ADX records its highest rise in market and trading value in Q2 2022: AMF

The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45bn

Union Coop begins first day of trading on Dubai Financial Market

Union Coop begins first day of trading on Dubai Financial Market

Trading commenced under the symbol ‘UNIONCOOP’ on July 18

Tecom Group commences trading on the Dubai financial market

Tecom Group commences trading on Dubai Financial Market

A total of 625,000,000 shares, equivalent to 12.5 per cent of Tecom Group’s issued share capital, were issued

Dubai-Internet-City Tecom Group

Dubai’s Tecom Group sets IPO price range at Dhs2.46-2.67

The final offer price is expected to be announced on June 27, 2022

Dubai-Internet-City Tecom Group

Tecom Group to list 12.5% of shares on Dubai Financial Market

The company expects to pay a dividend amount of Dhs800m per annum over the next three years

Dubai-Skyline-e1650964799688

UAE’s Utico hires banks to advise on potential IPO

Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group

Dubai Financial Market

Dubai Financial Market to launch trading of Oman Crude Oil futures from June

The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible

Dubai’s DEWA increases stake size from 6.5% to 17% in IPO

DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022

Dubai Financial Market

Dubai Financial Market Company posts Dhs103.8m net profit for 2021, dipping 24.7% y-o-y

Total revenues in 2021 reached Dhs294.6m

Dubai-Internet-City Tecom Group

Tecom Group to list on Dubai Financial Market

Tecom’s business communities include Dubai Internet City, Dubai Media City, Dubai Design District and Dubai Industrial Park

Dubai Financial Market

Dubai’s DFM announces programme to encourage listings from private businesses

The programme encompasses incentives including financial and post-listing support

Dubai road-toll operator Salik to seek about $1bn in IPO

Plans unveiled to list Salik road toll system on Dubai Financial Market

There are currently eight Salik toll gates in the city, with three million vehicles registered in the system