The DEWA IPO is part of the Dubai Markets Supervisory Committee’s strategy to increase the size of the emirate’s stock market to $816.74 billion
Stock Exchange
DEWA
5 steps to subscribe to the DEWA IPO shares
The offering will be made available to individuals and other investors as part of the UAE retail offering, as well as to professional investors outside the US, as part of the qualified investor offering.
Abu Dhabi Securities Exchange
DEWA listing set to revive, revitalise Dubai Financial Market: experts
Positive post-IPO performance could create precedent for further investments, privatisation efforts
Gender equality
Stock markets across Middle East ‘Ring the Bell’ for International Women’s Day
The ceremony has grown in importance in recent years, the UN Women Regional Director said
Capital Markets
Dubai Financial Market operator reports AED103.8m net profit for 2021
Dubai Financial Market posted a net profit of AED103.8m in 2021 compared to AED137.9m the previous year while revenues dropped from AED137.9m in 2020 to AED103.8m in 2021
GCC IPO activity
Saudi stock exchange seeks to raise as much as $1bn in IPO
Exchange is selling a 30 percent stake, or 36 million shares
Capital Markets
Dubai Financial Market Company reports Q3 results, earning AED38.1m
DFM waived the minimum trading commission from September 1 as part of efforts to stimulate and streamline trading
assets under management
How exchange traded funds are gaining regional traction
Abu Dhabi’s Chimera Capital’s ETF has hit AED100m in assets under management just short of its one-year anniversary
active managers
Video: Are securities analysts doomed?
Securities analysts try to point investors in the right direction. But they are in retreat themselves because of tightening regulation, the changing nature of investment and the shifting focus of big business.
Eid Holiday
Most Middle East markets rise as traders return to desks
Gauges in Saudi Arabia, Dubai, Kuwait, Bahrain, Oman and Egypt climbed following last week’s increase for the MSCI Emerging Markets Index
bond market
Global funds favouring bond over equity markets in the Middle East
Borrowers in the GCC are now among the biggest issuers in emerging markets, with sales of bonds and Islamic securities tripling in the first four months of this year from 2016
Abu Dhabi Securities Exchange
MENA IPOs raise $350m in Q3 this year
IPO activity dropped 33% compared to 2019 but value rose 21.9% year-on-year
Emerging Markets
MSCI to consider upgrading Kuwait to Emerging Market status
Rival index compiler FTSE Russell reclassified Kuwait in September 2017
Dubai
Nasdaq Dubai plans to start equity futures on Saudi companies
Nasdaq Dubai will offer futures on some of the Middle East’s largest businesses in sectors including petrochemicals, real estate, banking and transport
initial public offerings
Video: What is an IPO?
Here’s what it means when a company sets an initial public offering.
emerging market
Saudi Arabia said to delay bourse IPO on higher valuation hopes
Tadawul has pushed back plans to sell shares to 2019 at the earliest
Dubai hotel
No rush to IPO, says Emaar Hospitality CEO
Despite challenges of hospitality industry going through ‘bad times’, Olivier Harnisch says Dubai average revenues per room are still among highest in the world
