Abu Dhabi Securities Exchange is preparing a stronger trading platform and new regulations to support a development drive in anticipation of a pickup in IPO offerings as well as turnaround in the global financial market, its CEO said.
Insurance House, a leading Abu Dhabi-based insurance firm, has been listed on the Abu Dhabi Securities Exchange (ADX) and has launched its operations through ADX under the ticker symbol “IH”.
Rashed Al Baloushi, deputy CEO, and director of
UAE property firm Eshraq raised Dh825 million ($225 million), its target amount, in an oversubscribed offer that signals renewed interest in the battered property sector, bankers said on Thursday.
Eshraq's initial public offering, the