This most recent transaction marks the fifth listing by the Bank on Nasdaq Dubai, raising its total listed value on the exchange to AED9.1 billion ($2.5 billion)
Equities
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Five Holdings
Dubai’s FIVE Holdings mulls IPO and listing in London or New York: Report
Founder and Chairman Kabir Mulchandani has always looked at Dubai for primary listing, but a Reuters report says it could be an international exchange
Australia
Virgin Australia all set to return to stock market with a $442.8mn IPO
Bain Capital will sell about 30% of its stake in the airline at a price of $1.87 per share; Qatar Airways to retain 23% stake in the company
Aramco
Saudi Aramco issues 5-30 year dollar-denominated bonds for $5bn
The oil giant still has a low gearing ratio among global oil companies, which gives them room for increased borrowing, if needed
Aviation
Flynas IPO attracted $109bn in orders, retail subscription open
Saudi Arabia’s flynas set IPO price at SR80 per share
Islamic Finance
UAE’s Islamic T-Sukuk auction attracts AED 6.93bn in bids
The UAE Ministry of Finance has successfully issued AED 1.1 billion in Islamic T-Sukuk for May 2025
Aviation
Flynas prices IPO at top of the range after frenzied institutional interest
The first Middle East airline IPO in 20 years will be priced at $21.33 after institutional investors placed orders of $109bn for the $1.1bn sale
DFM
Dubai Residential REIT IPO price set with $3.9bn valuation
Dubai Holding has set the price for Residential REIT IPO on DFM
IPO
GCC sees $1.6bn of IPOs; Saudi Arabia leads strong start to year
PwC Middle East IPO report identifies share offerings at start of 2025
Ajman Bank
Ajman Bank lists $500mn debut sukuk on Nasdaq Dubai
Ajman Bank’s maiden sukuk issuance saw robust demand from over 100 investors and will mature in 2030
SABIC
Saudi chemical giant SABIC exploring IPO for its gas subsidiary
Bloomberg reports discussions held with Lazard, HSBC Holdings, JPMorgan Chase and Morgan Stanley on listing National Industrial Gases Company
Dubai
Dubai Holding increases the size of its Dubai Residential REIT IPO
The Second Tranche, open to qualified institutional investors, will now offer 1,787,500,000 units, which will increase the public float to 15% when the IPO closes on Tuesday
Abu Dhabi
TAQA raises the topline by 3.8% as Q1 revenue touches $3.87bn
However, company’s bottom line is affected amidst commodity price volatility and a decline in oil and gas production as net income fell 1.5%
Gulf Pharmaceutical Industries
Julphar grows revenue 6.7% in Q1 and reduces its debts
Revenue reaches $97.8mn; Company reduced total bank borrowings by $104.34mn, bringing its interest-bearing liabilities to $144.3mn
EMSTEEL
EMSTEEL overcomes global headwind as domestic demand stays strong
Despite a 6% YoY decrease in average steel prices, the UAE manufacturer reports $600mn in revenue; Finished goods steel sales volumes rise 21%
Abu Dhabi
Space42 focused on building for future growth with its Four Pillars
Abu Dhabi-based SpaceTech company reveals its strategy for growth after muted Q1 result in which revenue fell 13% to $115mn
Deyaar Development
Deyaar posts 54% increase in net profit before tax for Q1 2025
Revenue increases 32% to $117.9mn, compared to $89.26mn in Q1 2024; Net profit before tax surges to $32.62mn from $21.13mn