The sukuk, which matures in 2029, was oversubscribed 4.3 times, drawing more than $2.1 billion in orders from regional and international investors
Markets
crude oil
Saudi cuts December oil prices for Asia amid signs of oversupply
Saudi Aramco has cut December crude prices for Asian buyers following an OPEC+ decision to modestly increase production next month, Reuters reports
Abu Dhabi
ADNOC L&S to be included in MSCI Emerging Markets Index from Nov 25
Inclusion will reinforce stock visibility, liquidity, and global investor access, and follows its $317mn secondary offering that increased free float to 22%
Deyaar Development
Deyaar profit up 24% as Dubai real estate boom drives record demand
CEO Saeed Al Qatami tells Arabian Business the company has seen “great interest” in Dubai’s affordable housing market as it posts a 24% rise in net profit and plans to hand over 2,000 new units by early 2026
Abu Dhabi
Rising patient footfall leads to record-breaking Q3 for Burjeel Holdings
Q3 revenue at a record-high $387.2mn and $87.13mn EBITDA; 9M revenue at $1.12bn; 5.1mn patients use the group’s facilities
Abu Dhabi
Alpha Dhabi Holding 9M group revenue soars 24% to $14.95 billion
Riding the success of group companies like Aldar, PureHealth and NMDC, adjusted EBITDA up 25% to $3.49bn and net profit is at $2.83bn
debt market
Saudi Arabia tops GCC bond issuances in Q3 with $20.3 billion raised
Kingdom leads Gulf debt markets in the third quarter, reflecting strong investor demand and economic diversification efforts
digital payments
PayPal-backed Pine Labs targets $439 million in Mumbai IPO
Digital payments firm Pine Labs aims to raise funds through a public offering, marking one of India’s largest fintech listings this year as investor appetite for digital finance remains strong
TECOM
TECOM Group profit jumps 18% to $300m as $1.2bn Dubai expansion drives growth
TECOM Group profit jumps 18% to AED 1.1bn ($299m) in 9M 2025, driven by record occupancy, higher rentals, and AED 4.3bn ($1.17bn) expansion across Dubai’s business districts.
DFM
Dubai Financial Market cap soars to $271bn; top sectors revealed
Dubai Financial Market’s capitalisation surged to $271bn in Q3 2025 as profits tripled and financials, real estate and utilities led growth
muscat stock exchange
Oman stock exchange: IPO boom and OIA reforms lift market value above $79bn
Oman stock exchange hits new heights as OIA-led IPO boom and reforms lift Muscat’s market value above $79bn, driving record growth
EY MENA IPO Eye report
MENA IPO: Saudi Arabia leads boom as listings rise 120% in Q3 2025
IPO deals up 120 per cent in Q3 2025, with 11 listings raising $700m. Saudi Arabia led with $637m in proceeds as capital markets diversify
Abu Dhabi
UAE’s e& goes from strength to strength as 9M revenues touch $14.57bn
9M 2025 revenue up 25.3% and Q3 revenue at $5.06bn; Consolidated net profit at $3.21bn, up 39.7% YoY; Group subscriber base reaches 202.2mn
Abu Dhabi
ADNOC Drilling upgrades guidance after record results for 9M 2025
Record 9M 2025 numbers as revenue jumps 27% to $3.63bn and net profit is up 17% to $1.06bn; free cash flow up 174% to $1.2bn
Amanat Holdings
Almasar Alshamil Education set to float 30% stake on Saudi Tadawul
Company serves 28,000 students from 39 daycare centres, 14 special education and care schools and three universities with seven campuses
Dubai
Emirates NBD income hits $10bn mark on record loan growth
Income improves 12% YoY as lending increased 19% to a record $26.96bn and offsets the impact of interest rate cuts
Dubai
Emirates Islamic delivers record 9M profit before tax of $870mn
Both customer financing and customer deposits grew 20% to $23bn and $25.16bn, respectively; Total income up 9% to $1.23bn
