The SPAC raised Dhs1.1bn of growth capital, including Dhs734m from the previously announced PIPE transaction
Yazeed Saleh Aldemaigi, deputy of strategy and international affairs at Capital Market Authority didn’t give a time frame for when the framework could be introduced
The asset manager has been expanding holdings from the US to Asia as it seeks to reach assets of about $100bn
With the launch and listing of ADC, ADQ and Chimera aim to capitalise on ADX’s newly-issued SPAC regulations
It has priced its initial public offering of 10,000,000 units of Shuaa Partners Acquisition Corp I at $10 per unit
The framework will provide international investors with access to growth opportunities
Are special purpose acquisitions companies becoming a serious alternate funding avenue for private companies?
EFG Hermes agreed to buy a stake in FIM Partners in 2017