#Dubai Financial Market
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
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
The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn
The city has emerged as one of the world’s safest and most attractive cities to live, visit and work
This move will enhance international investors’ access to DFM’s diversified investment opportunities
The company plans to list its shares for trading on the Dubai Financial Market next month
DFM welcomed 167,332 new investors, bringing its investor base to over one million
The inaugural summit will take place from January 23-25 at The Museum of the Future
The developed indices provide various market participants with investable and tradeable benchmarks for the DFM equity market
The subscription period starts today, with trading of shares expected to commence on November 29
The company’s market capitalisation at listing is expected to be between $3.56bn and $3.62bn
From next Tuesday, there will be no shareholding limit for non-UAE nationals
Salik is expected to commence trading on the Dubai Financial Market on September 29
A total of 1.5 billion shares with a nominal value of Dhs0.01 each will be made available in the offering
The developer has also recommended to increase the company’s share capital to Dhs8.838bn
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
Companies added 2,349 new accounts in July and 2,850 accounts in June
The company’s total consolidated revenue reached Dhs163.8m in H1 2022 compared to Dhs136.6m during H1 2021
The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45bn
Trading commenced under the symbol ‘UNIONCOOP’ on July 18
A total of 625,000,000 shares, equivalent to 12.5 per cent of Tecom Group’s issued share capital, were issued
The final offer price is expected to be announced on June 27, 2022
The company expects to pay a dividend amount of Dhs800m per annum over the next three years
Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group
The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible
DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022
Total revenues in 2021 reached Dhs294.6m
Tecom’s business communities include Dubai Internet City, Dubai Media City, Dubai Design District and Dubai Industrial Park
The programme encompasses incentives including financial and post-listing support
There are currently eight Salik toll gates in the city, with three million vehicles registered in the system