Regional market trends, IPOs, geopolitical issues and crude oil prices affected the flow of foreign money in the region, said a report by Kamco Invest.

The company is recommending a cash dividend of 10 percent.

Despite challenges from regional tensions and fluctuating oil prices, sectors like F&B and pharma see notable increases, showcasing the diverse impacts on regional markets.

ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid, and fully fungible exchange traded fund, that will list on the Abu Dhabi Securities Exchange (ADX). Lunate Capital is an Abu Dhabi-based management company licensed by the Securities and Commodities...

"The UAE's success in establishing a fully regulated carbon market, integrating carbon regulation to manage and trade emissions effectively, providing companies with tools to reduce their carbon footprint," he adds while highlighting the UAE's commitment to achieving net-zero emissions and praising its leadership in this crucial area.

Abu Dhabi, UAE – A wave of 44 large direct deals swept over the International Holding Company (IHC) shares on the Abu Dhabi Securities Exchange (ADX) on Thursday. According to ADX data, the deals were executed on 11.159 million stocks worth AED4.458 billion ($1.205 billion) at a price of AED399.5...

The company is expected to start trading on ADX in December 2023.

As the Gaza conflict intensifies, GCC equity markets face significant downturns, with Qatar leading the losses, while Saudi Tadawul secures year-to-date gains, says a report.

Abu Dhabi, UAE - Abu Dhabi Securities Exchange (ADX) and HSBC Bank Middle East Limited are working together in the first regional collaboration of its kind to develop digital fixed-income securities, paving the way for the introduction of a broader array of capital market use cases in the Middle East....

Abu Dhabi, UAE -- The financial markets of the United Arab Emirates and Saudi Arabia topped the Arab stock exchanges during the third quarter of the current year, after achieving market profits of nearly $167 billion, according to the Arab Monetary Fund. The Fund, in its quarterly bulletin on Arab...

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE)’s Financial Stability Report for 2022 said the FTSE ADX General Index (FADGI.FGI) gained more than 20 percent in 2022. The Abu Dhabi Securities Exchange (ADX) trading value increased by 21.9 percent to AED 451 billion ($122.78bn). In its overview...

Abu Dhabi, UAE -- ADNOC has announced its intention to float a 15 percent minority stake in ADNOC Logistics & Services  on the Abu Dhabi Securities Exchange (ADX). The offering is expected to open on May 16, 2023, subject to regulatory approvals and other relevant considerations. ADNOC L&S is a...

The firm provides customized digitalization solutions.

ABU DHABI, UAE - Abu Dhabi Securities Exchange (ADX) has appointed Emirates NBD Capital as a custodian. Emirates NBD Capital obtained its custody licence from the UAE Securities and Commodities Authority (SCA). Emirates NBD Capital is the global investment banking arm of Emirates NBD, a leading banking group in the...

Presight IPO received $496 million. It was oversubscribed 136 times.

Abu Dhabi, UAE - The Abu Dhabi Securities Exchange (ADX) has reported the execution of 10 significant deals with a total value of over AED15.6 billion ($4.24 billion) since the beginning of 2023. According to ADX data, these deals were carried out through 321.14 million shares of three listed companies...

The subscription period opens on February 23.

ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated business operating across the gas value chain.

The company, second time it has quashed reports of an imminent bid, refuted the speculations in the press in a report to Abu Dhabi Securities Exchange.

Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC indices. In 2023, Saudi and UAE ended the weekly exchange down or stable.

DFM index jumped 0.6 percent, Abu Dhabi index rose 0.1 percent, Saudi Stock Exchange varied as index ended its trading with a fall of 1.7 percent, losing 195.48 points.

About 77% shareholding will be held by Group 42 Holding.

V Nandakumar stressed that the group’s listing is a major opportunity to contribute to the sustainable growth of the Emirati economy.

The company is raising capital to support the ongoing expansion in the UAE and Oman, and pending entry into Saudi Arabia, Dr Parambath said.

The move will help develop ADX derivatives market.

Abu Dhabi, UAE---The Abu Dhabi Securities Exchange (ADX) and the Muscat Securities Market (MSX) signed a memorandum of understanding (MOU) on Wednesday to exchange visions and experiences between the two parties in various fields of common interest. The MOU aims to enhance cooperation and information sharing in a number of...

The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments at the realty, banking, telecom sectors and cash inflows by institutions and individuals.

The Arab Monetary Fund (AMF) said that the Abu Dhabi Securities Exchange (ADX) was ranked first in the Arab region in 2021, in terms of buy and sell transactions by foreign investors.

The Abu Dhabi Securities Exchange was the leading Arab financial market in terms of performance last week, as its index surged by 3.6 percent, and its market value by 3.03 percent, according to the Arab Monetary Fund.

According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.27bn from the beginning of the year to the end of last week, compared to sales of some AED54.73bn during the same period.

Based on the mutual market access model, Tabadul will allow investments across Bahrain Bourse and Abu Dhabi and enable investors to trade directly on both exchanges through licensed brokers in both markets.

The funds are Shariah-compliant and fully fungible exchange-traded funds.

In 2020, women held 3.5 percent of all board positions in the UAE. The next year, the Securities and Commodities Authority (SCA) set a quota for all listed companies to put at least one woman on their boards by 2025. As of June 2022, women hold 8.9 percent of the...

Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at 292.64 percent while the Palestine Exchange topped the list in terms of trade volume increase, according to Arab Monetary Fund (AMF). The AMF noted in its monthly newsletter that covers...

The listing is set to expand GFH’s investor base and boost its share liquidity.

ADNOC and its partner Borealis AG have announced the completion of bookbuild and public subscription for the IPO of Borouge, which is their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX). The offering of 3,005,769,158 ordinary shares (Offer Shares), equivalent to 10 percent of total issued share capital,...

The company has obtained approval of Capital Market Authority-Kuwait to do so.

Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the exchange.

QMM, part of ADQ, was launched in 2020.

The two bourses have been adhering to the Monday-to-Friday workweek — the norm across most of the world — since the beginning of the current calendar year.

Aldar Investment acquired the 715-room hotel that opened its doors in 2014, marking the company's second investment in the emirate this year.

The Abu Dhabi Securities Exchange (ADX) and FTSE Russell have partnered to develop co-branded indices, supporting the exchange’s recently launched derivatives market and bringing the exchange’s stock performance measures into line with global standards. ADX said that as of 10 January 2022, the FTSE ADX General Index is replacing the...

The parties agreed on a strategic plan to implement new measures over the next nine months to strengthen ties between investors based in both countries by enabling the seamless placement of orders on both securities markets, while reducing transaction costs.

The ADX and ADDED, in conjunction with legal and investment specialists, have worked together to produce the proposed SPAC regulations, assessing the regulatory landscape and benchmarking US and international SPAC regulations. Following its review by the SCA, the SPAC proposal will require formal regulatory approval.

The listing is part of the company's expansion plan.

It will start trading under the symbol ADNOCDRILL.

ADNOC Drilling will list on Abu Dhabi Securities Exchange on October 3. The company will list under the trading symbol ADNOCDRILL.

ADX has plans to get at least 10 companies as well as additional services such as derivatives trading by the end of 2021

Growth indicates a steady capital inflow into the two markets due to the increased investor confidence in UAE capital markets

Offer price range has been set at AED 2.55 to AED 3.05 per share  The IPO will continue till 6 Jul 2021 for individuals and other investors in the UAE UAE's state investor Mubadala's statellite company Yahsat on Sunday announced the initial public offering, setting an indicative price range that...