Hong Kong, China -- Chinese e-commerce giant Alibaba said Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm. The decision by shareholders during its annual general meeting Thursday will...

It comes amid a slowdown in the tech sector IPOs.

The sustainable sukuk is worth US$500 million.

Dubai, UAE--Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5% over the previous year, according to data released by the DFM. The growth was driven by a number of factors, including the strong momentum in the market since...

Abu Dhabi, UAE--UAE stocks generated strong cash flows Monday, with market liquidity surpassing $272 million. International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) topped the market in terms of number of transactions. The Abu Dhabi Securities Exchange (ADX) gained $241.25 million in liquidity, as compared to the...

Abu Dhabi, UAE--Abu Dhabi Future Energy Company (Masdar) has signed an agreement with Emirates Steel Arkan to develop a pioneering project utilising green hydrogen to reduce carbon emissions in the UAE's energy-intensive steel industry. Marking the first of its kind in the Middle East and North Africa region, this innovative...

RIYADH, SAUDI ARABIA - GFH Capital is considering the offering of its unit in Saudi Arabia on the Tadawul. GFH Group's plans are unchanged with regard to listing in other markets, CEO Razi Al Murbati said. The group is listed on the stock exchanges of Bahrain, Dubai, Abu Dhabi and...

It is the first crypto entity to be listed on a Middle East bourse.

DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate and ease procedures for securities offering and listing to companies participating in the financial market. QFMA explained in a statement that submitting the applications was made available on Tuesday via...

The liquidity agreement is for Meeza's listed shares on QSE.

The investment bank bought a 35% stake in Kuwaiti firm.

Its shares will begin trading on the bourse later this month.

The brokerage firms added 26,953 new accounts in H1.

Abu Dhabi, UAE-- The number of private joint-stock companies which listed in the UAE's capital markets during 2022 went up to 13, with a total capital of US$2.24 billion, according to the Securities and Commodities Authority (SCA). In a recent report, the SCA said that the companies are divided into...

With a 22% stake, it is now the biggest stakeholder in the firm.

The company will follow it up with a listing on QSE.

Some 207mn shares will be on QSE through direct listing.

ADNOC sold 5% stake in ADNOC Gas to investors through an IPO.

Its IPO had been oversubscribed by 136 times.

It will make an initial public offering before listing.

This was company's first financial result since dual listing.

The total number of companies now listed on QSE stands at 50.

Hong Kong-- Hong Kong is looking to persuade oil giant Aramco and its units to consider a secondary listing in the Asian financial hub. Hong Kong Chief Executive John Lee is embarking on his first official visit to the Middle East, according to the South China Morning Post. Lee is...

The bank's Fitch A ratings bonds were listed on Nasdaq Dubai.

Taleem set the price range at AED2.95 ($0.80) and AED3 per share, implying a market capitalization at time of listing of between AED2.962 billion and AED3 billion. It plans to sell up to 254.2 million shares, or about a 25.32 percent stake.

Riyadh, Saudi Arabia— Foreign companies will be able to obtain approval for dual listing on the Saudi market, according to Tadawul’s CEO. Mohammed Al-Rumaih told media that companies need finance to expand in particular industries, noting that the capital market aims to be the first partner to provide finance for...

Dubai, UAE— Salik, Dubai toll operator, has listed on Dubai Financial Market under the name of "SALIK", after the offering was oversubscribed by 49 times. It is the third public offering and listing on the DFM in 2022 to date, as part of the accelerated steps to implement Dubai’s strategy...

The Saudi tech firm has set the price at $19 per share.

The second quarter profit increased by 134 percent.

Dubai Financial Market (DFM) Monday welcomed the listing of Union Coop’s shares, becoming the first cooperative society in the UAE to take this step. The move is in line with the UAE Government’s decision pertaining to the trading of cooperative societies' shares on financial markets, which aims to strengthen the...

The Saudi firm's IPO was priced at $4.8 per share.

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,...

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.

The Dubai Electricity and Water Authority said Wednesday it had raised $6.1 billion for the Gulf's second-largest IPO since 2019. Some nine billion shares will be listed from April 12 on the Dubai stock exchange, with the price set at $0.68.

The company's listing will be the biggest since Aramco.

Capital Bank of Jordan has made its first-ever bond listing of $100 million on Nasdaq Dubai, the Middle East's international financial exchange.

The Egyptian football club Ghazl El Mahalla has put off its listing on the stock exchange to April. The listing was originally to happen in February.

Saudi Parts Center Co. will begin trading on Nomu, the Saudi stock exchange's parallel market, on Monday, according to a bourse statement.

India is embarking on the blockbuster listing of the country’s largest insurer as part of a wider privatization drive to bolster public coffers drained by the coronavirus pandemic and fund new infrastructure.

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.

Gas Arabian Services and Obeikan Glass will make debut on the parallel market.

Last year, the firm helped Anghami in arranging $30 million investment.

Multiply Group has assets of AED 8.16 billion and 3,240 employee

Hong Kong listing is seen as a hedge against removal from US exchanges

Nayifat Finance Company (NFC) will start trading on Tadawul on November 22, according to a Saudi Exchange filing.

The Dubai Securities and Exchange Higher Committee has decided to list Salik on Dubai Financial Market (DFM) in order to broaden the size of the stock market in the emirate to AED3 trillion in the future.

The company said losses due to IPO-related issues and payments.

This was the company's first quarterly disclosure since listing on ADX.

The $1.7bn listing strengthens its position as the largest Sukuk issuer on the bourse.

Riyad-based ACWA Power will enter Saudi Arabia’s main market from the start of trading on Oct.18 and also join the Utilities Industry Group Index, Tadawul announced on Tuesday. ACWA, in which the kingdom's largest sovereign wealth fund, the Public Investment Fund, owns nearly half the stake, saw its shares jump...