Netflix adds millions of subscribers but growth slows
San Francisco, United States - Netflix on Thursday said it added more than five million subscribers in the recently ended quarter but signaled slowing growth.The streaming juggernaut said it ended September with 282.7 million subscribers, reporting a profit of $2.4 billion on revenue that jumped 15 percent compared with the same...
East Pipes Integrated plans IPO
The Saudi Arabia-based company gets approval to float 6.3 million shares.ADNOC Drilling IPO raises $1.1bn
The UAE's state oil giant will be listed on ADX on October 3.
PIF acquires 25 percent stake in EEC
Under the deal, EEC transferred part of its loan to PIF in exchange for company shares.UAE’s ADNOC Drilling to list on Abu Dhabi Securities Exchange
ADNOC Drilling will list on Abu Dhabi Securities Exchange on October 3. The company will list under the trading symbol ADNOCDRILL.
Al Mazaya’s subsidiary to sell Saudi firm stake
First Dubai Real Estate Development Co. board cleared the $51.4m deal.Adnoc Drilling IPO increased
Adnoc Drilling will list on the ADX on or around October 3.
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.
Solutions by STC prices IPO at top range
The IPO order book 130 times oversubscribed during the book-building process.
ACWA Power of Saudi Arabia aims to raise $1.2bn through IPO
ACWA Power of Saudi Arabia intends to raise nearly $1.2 billion through Initial Public Offering (IPO), and in this regard it has set an indicative price range of the IPO.
Shuaa Capital CEO now owns 30 percent of the firm
The CEO of the UAE-based Shuaa Capital has bought 57, 966, 523 shares in the financial firm, taking his personal stake close to 30 percent in the company.
Alibaba shares slide after $15 bn ‘prosperity’ pledge
Daniel Zhang, Alibaba chairman, said the group was "eager to do our part to support the realisation of common prosperity"
Race between UAE and Saudi Arabia heats up in logistics
The United Arab Emirates (UAE) and Saudi Arabia are engaged in a new bout of competition that could decide which of the two would eventually become the top leader in the logistics sector, in the Middle East.
PIF ups Activision Blizzard holding in second quarter
The sovereign wealth fund is at the center of the kingdom's plans to transform the economy by creating new sectors and diversifying revenues away from oil.
McLaren raises US$757m, adds Saudi wealth fund as investor
The deal makes Saudi Arabia’s PIF a minority shareholder in the group Some of the money raised will be used to pay back loan taken out last year McLaren, a leading UK carmaker, has raised £550 million (US$757 million) fund in a deal that makes Saudi Arabia’s Public Investment Fund...
Virgin Galactic falls back to Earth
Virgin Galactic has filed documents to sell as much as $500 million in shares.
DP World makes offer to buy all outstanding shares of Imperial Logistics
DP World expects the deal to build supply chains especially in Africa Imperial Logistics has operations in 25 countries Dubai-based port operator DP World said on Thursday it has made an offer of $890 million to acquire all the outstanding shares of the Johannesburg Stock Exchange-listed Imperial Logistics, allowing it...
Qatar Investment Authority deals a blow to Credit Suisse, lowers stake
The QIA now hold a below five-percent stake in the Swiss bank Earlier it held about 133 million shares, making it the bank’s biggest shareholder In yet another crushing blow to the standing of Credit Suisse, the Qatar Investment Authority (QIA) has lowered its stake in the bank to below...
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)...
Yahsat announces IPO, aims to raise above $800m
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...
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...Upbeat sentiments driving UAE stocks
A total of Dh1.235 bn in deals were conducted in ADX while DFM saw Dh212 million in deals Emaar Properties led the best performing shares at the DFM At Abu Dhabi and Dubai main share indexes remained in the positive territory Tuesday, and climbed 0.53 percent and 0.29 percent respectively,...
Investor sells his 2.4 stake in Abu Dhabi Commercial Bank for $300 million
The offering consisted of 164 million shares in the bank The Abu Dhabi Investment Council is the largest shareholder in ADCB with a 60.2 percent stake An unnamed investor holding 2.4 percent stake in Abu Dhabi Commercial Bank (ADCB) has sold his entire stake in the lender for about 1.1...
Saudi food company Tanmiah gets nod from regulator for share sale
Tanmiah Food Company has won approval from CMA to sell 30 percent of company shares The food company employs 1500 people and is a major supplier of chicken products The Capital Market Authority (CMA) has given the go-ahead to Tanmiah Food Company for the listing of 30 percent of...ADNOC Distribution’s 375 million shares will be up for sale soon
ADNOC has announced it will offer up approximately 375 million shares of ADNOC Distribution The shares are being offered at AED4.36 apiece The Abu Dhabi National Oil Company announced on Wednesday that it would offer up approximately 375 million shares. ADNOC, along with its subsidiaries, currently holds around 80...
Yalla Group to buy back shares worth $150-million
The company will use its existing cash balance to buy back shares over the next 12 months It also quashes allegations of manipulating operating or financial data on the Yalla app Social media platform Yalla’s parent company Yalla Group Limited announced on Friday, May 21, that it would buy...
