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Presight net profit $155m
The net profit grew by 5.1 percent to $155 million.
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Women take lead in UAE, invest $9.42bn in 8 months at ADX
Some $9.42 billion have been invested in the financial markets by Emirati women during the last eight months of the current year, according to figures shared by the Abu Dhabi Securities Exchange (ADX). -
Heavyweight stocks lift up Saudi, UAE markets
After a nervous start to the week, the big stocks of the GCC, Al-Rajhi Bank, Retal Urban Development Company, and Emaar, boost the Saudi and the UAE markets, posting gains all around. -
Assets of UAE national firms climbs 10% to $116bn in H1
A total of 74 listed companies listed in the Abu Dhabi Securities Exchange (ADX) accounted for 59.8 percent of total assets, valued at $771 billion at the end of June 2022. -
Saudi, Emirati stocks end the week in red
Despite a 3.9 percent increase in the food and beverage sector and a generally mixed week for the Saudi Stock Exchange, trading finished on Friday in the red. -
Chimera Capital unveils new ETF
The Income Share Class B fund will be listed on ADX. -
Multiply H1 2022 profit up US$126m
Net profit equates to a healthy 91% of revenue for the period. -
ADX market value rises in Q2, 2022 to US$542.42bn
Abu Dhabi Securities Exchange has recorded its highest rise in terms of market value and trading value at end of the second quarter of 2022, according to the Arab Monetary Fund. -
Invictus listed on ADX’s Growth Market
Invictus Investment specializes in agro-food commodities, raw materials. -
ADX and nine listed companies to attend investors meet in London
Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9 and 10. The delegation includes over 25 CEOs, CFOs and senior executives from ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia, Aldar Properties, Al Yah Satellite Communications Company (Yahsat), Emirates... -
UAE, KSA bourses to stay range-bound until 2022-end
The volatility in oil prices will affect the markets. If there is a higher-than-expected decline, the markets may feel the heat, Junaid Ansari of Kamco Invest tells TRENDS. -
Saudi stocks lead declines among Gulf bourses
Saudi Arabia's benchmark index finished 1.3% lower, hurt by a 2.1% fall in oil giant Saudi Aramco and a 1.2% decline in country's biggest Islamic lender Al Rajhi Bank. -
ADX lists GFH Financial Group
The listing is set to expand GFH’s investor base and boost its share liquidity. -
Fujairah Cement off Boursa Kuwait
The company has obtained approval of Capital Market Authority-Kuwait to do so. -
ADX, AMAF introduce share donation facility to fund charitable causes
Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the exchange. -
ADNOC and Borealis AG to list 10% of Borouge plc on ADX
ADNOC and Borealis AG will list 10 percent of Borouge plc, a joint venture between the two companies, on the Abu Dhabi Securities Exchange (ADX) through an initial public offering (IPO). The offering is expected to open on 23rd May, 2022, subject to regulatory approvals. -
GCC stock exchanges witness a mixed week
The main Saudi index had a variable week, the Abu Dhabi exchange suffered a slight decline, while, the main index in Dubai closed unchanged. -
QMM is market maker for Chimera Capital
QMM, part of ADQ, was launched in 2020. -
ADX launches $17bn ‘Growth Market’ for private sector listings
ADX, Abu Dhabi stock exchange, has rebranded its Second Market into a newly launched Growth Market, with a market cap of 62 billion dirhams ($17 billion), in a push for more privately-owned business listings. ADX said in a statement that as it replaces the Second Market, the Growth Market will... -
GCC exchanges recoup their losses
From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a close. -
UAE stock markets gain almost $6bn in first week of Ramadan
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. -
Aramco lifts TASI as UAE stocks see weekly gain
The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9 percent. -
ADX embraces FTSE Russell’s Industry Classification Benchmark
The Abu Dhabi Securities Exchange (ADX) has decided to embrace FTSE Russell’s Industry Classification Benchmark (ICB) for all its listed equities in order to align with global standards and attract more international investors. -
Weekly loss for UAE markets, amid contrast for TASI
Oil prices rose by more than 20 percent this week, due to ongoing concerns about supply disruptions and Russian output. -
AD Ports raises $1bn in share sale a day before it lists on ADX
Abu Dhabi Ports Group has raised $1.1 billion from a share sale a day before it is to list on the emirate’s stock market. The firm is owned by sovereign wealth fund ADQ. The proceeds will be used to “accelerate local and international expansion plans. -
Which are the top equity markets in the Middle East?
Here is a comparison between the top equity markets in the Middle East, and how they stack up against a couple of their global counterparts. -
Abu Dhabi Exchange and FTSE Russel create new benchmark indices
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... -
AD Ports Group revenue grows 22% to US$760mn in 2021
AD Ports Group signed several partnerships to accelerate trade and the development of industry in the UAE and beyond, including working closely with Abu Dhabi National Oil Company (ADNOC) to enhance safety across Abu Dhabi’s waterways and collaboration with France-based CMA CGM Group to invest AED570 million in a new... -
Saudi markets rocky, Abu Dhabi index loses ground
The Saudi and Abu Dhabi indices saw a choppy week, while the Dubai markets saw some good gains. -
Multiply Group starts trading on ADX
The IHC subsidiary starts trading under the ticker MULTIPLY. -
Multiply Group to list on ADX
Multiply Group has assets of AED 8.16 billion and 3,240 employee -
Global ripples await MidEast markets on Sunday
Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday. -
ADX, Bahrain Bourse partner to unlock joint opportunities
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. -
ADNOC Drilling 9M revenue $1.7 bn
This was the company's first quarterly disclosure since listing on ADX. -
ADX proposes region’s first SPAC regulatory framework
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. -
Fertiglobe completes IPO on Abu Dhabi Securities Exchange
The initial public offering (IPO), which raised over $795 million, experienced strong demand from local and international investors, with orders amounting to over $17.4 billion and oversubscription above 22 times in aggregate, and 32 times for the Qualified Investor tranche (excluding cornerstone investors). -
Response Plus Holding of UAE posts net profit of $10.9m
Response Plus Holding, the UAE healthcare investment and management firm, has posted a net profit of $10.9 million during the first nine months of the year. -
Fertiglobe IPO may raise $827m
The IPO starts Wednesday and will continue to October 18. -
Fertiglobe plans IPO in Abu Dhabi
Fertiglobe is a fertilizer partnership of Adnoc and OCI. -
ADNOC Drilling IPO raises $1.1bn
The UAE's state oil giant will be listed on ADX on October 3. -
Adnoc Drilling IPO increased
Adnoc Drilling will list on the ADX on or around October 3. -
ADQ to list Abu Dhabi Ports on ADX
ADQ, one of the largest holding companies, has announced its plan to list Abu Dhabi Ports Company on the Abu Dhabi Securities Exchange (ADX). -
Adnoc Drilling to offer 7.5% stake in IPO
Adnoc Drilling is the largest national drilling company in the Middle East by rig fleet size. -
History created: ADX market capitalization crosses US$300 billion
The UAE’s booming economy and the gradual opening up of the world markets helped Abu Dhabi Securities Exchange’s market capitalization to cross US$300 billion (AED1.1 trillion) on 12 July 2021. -
Alpha Dhabi plans IPO, ADX listing with $2.2-billion capital
Alpha Dhabi also announced that it was moving ahead with its initial public offering The IPO may comprise a sale of existing shares to individuals and other investors Abu Dhabi-based Alpha Dhabi Holding is planning to list its ordinary shares on the Abu Dhabi Securities Exchange or ADX on June... -
Non-oil firms, banks play key role as UAE markets remain mixed
Banks remained in the first three positions on Dubai index in terms of market capitalization -
ADX lists US$1 billion bonds issued by Abu Dhabi Ports
The 10-year bonds, with a primary listing on the London Stock Exchange, rated A+ (stable) by both S&P and Fitch Bond issuance attracted strong global interest, says CEO Abu Dhabi Ports Abu Dhabi Securities Exchange (ADX) on Thursday announced that it has listed US$1 billion of bonds issued by Abu... -
ADX lists US$1 billion Abu Dhabi Ports bonds
The company is planning $4.2 billion in investment in next 5 years