Dubai family-owned conglomerate Al Habtoor Group has cast doubt over plans for an imminent initial share sale but expects revenues to more than double over the next five years helped by strong local economic growth, its chairman said on Tuesday.
Dubai Parks and Resorts expects to list on the Dubai Financial Market on December 10, following the completion of its Dh2.5-billion ($680.7 million) initial public offer, the company said on Wednesday.
The firm, part of Meraas Hol
Dubai Financial Market (DFM) has announced the listing of Amanat Holdings, a leading healthcare and education company, as trading began in the company’s shares under the trading symbol “AMANAT”.
With the listing
Shares in Saudi Arabia's biggest lender, National Commercial Bank, jumped their daily 10 per cent limit upon listing on Wednesday after a $6 billion IPO, the largest ever in the Arab world and the second-biggest globally this year.
Nasdaq Dubai has agreed with Egypt's securities clearing house to promote cross-listings of Egyptian firms' shares in Dubai, a sign of growing investment links between the two economies.
The deal between Nasdaq Dubai, the
RAK Petroleum, a leading oil and gas investment company in the UAE, is set to proceed with plans for an initial public offering and application for listing in Norway.
Prior to the listing, RAK Petroleum will transfer substantially
Aluminium Bahrain (Alba) may look into an additional listing of its shares in Saudi Arabia, in what would be the latest blow to Bahrain's stock market which has suffered from low trading volumes since the financial crisis.
Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market (DFM) on September 25 in the market's first flotation for five years, the company said on Saturday.
New share issues dried up in Du
Mobile operator Zain Iraq still wants to list its shares more than three years after missing a deadline, parent Zain said on Wednesday, although fund managers warned violence in the country and weak market infrastructure could deter investors.
Viva Kuwait, the country's number-two mobile operator by subscribers, has received regulatory approval to list on the local stock exchange nearly six years after it completed an initial public offering, the company said on Sunday.