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...
Natural Gas Distribution all set to list and trade on Nomu
The listing and trading of shares of Natural Gas Distribution on Nomu will start on September 22, as a direct listing, according to a bourse filing.
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).
Dubai-based Swvl to go public through $1.5bn SPAC deal
The company has signed a merger deal with Queen’s Gambit Growth Capital, the first special purpose acquisition company (SPAC) led by women, that would result in Swvl being listed on Nasdaq.Jassim Transport set for Boursa Kuwait listing
JTC is one step closer to being listed on Boursa Kuwait, the country’s stock market It said it was in the process of completing the private placement to increase its shareholders’ base Ports and contracts logistics services provider Jassim Transport & Stevedoring Company, also known as JTC, is one step...
Saudi Arabia prods tech, industrial firms to list on Tadawul
Industrial companies to be given help in procuring land and factories In May, the kingdom issued 59 new industrial licenses to companies with a capital of $141.8m In order to prod more firms in Saudi Arabia to list on Tadawul, the Saudi Authority for Industrial Cities and Technology Zones (MODON)...
IHC to become Abu Dhabi’s most valuable firm after unit lists
The company reported a first-quarter profit of Dh1.5 billion, up from Dh112.2 million a year earlier Its shares rose 15 percent after the listing of a subsidiary company Abu Dhabi’s firm, International Holding Company (IHC), vaulted in value to become its most valuable listed company when its shares rose nearly...
Bahrain’s Batelco looks to dual list on Tadawul, could be first to do so
Bahrain’s biggest telecommunications firm has hired the investment arm of Samba Tadawul has been trying to encourage Middle Eastern firms to dual list for years, without success Although the final decision has not been yet taken about the listing of the company on Tadawul, but if it gets...
ADX lists US$1 billion Abu Dhabi Ports bonds
The company is planning $4.2 billion in investment in next 5 years
