Here’s an overview of how the biggest IPOs in the Middle East have performed this year, along with insights on upcoming major developments
Tecom Group
Capital Markets
TECOM Group completes Dubai’s most oversubscribed IPO, raising nearly $463 million
The company earlier announced it was listing 625 million ordinary shares through an IPO, representing 12.5 percent of its issued share capital
DFM
TECOM Group sets IPO price range to raise $454 million by listing 625 million shares on Dubai’s DFM
The price range for the IPO has been set at between AED 2.46 and AED 2.67 per share, implying a market capitalisation of between $3.4 billion and $3.6 billion
Dubai International Academic City
Why higher education should form the foundation of entrepreneurial thinking
Entrepreneurship provides youth with essential life skills such as leadership, critical thinking, people management, and problem solving
Dubai
How Tecom Group’s IPO will impact Dubai’s commercial property market
The listing will increase transparency and will be a barometer of investor appetite, while offering other added benefits for the office real estate sector, experts told Arabian Business
Abdulla Belhoul
Dubai Holding Asset Management to sell 12.5 percent stake in Tecom Group amidst UAE IPO boom
Expected date of listing on Dubai Financial Market is July 5 with offers to run from 16 to 23 June
DIAC
Sheikh Hamdan marks opening of University of Birmingham Dubai’s 30,000 square metre campus
The institution is among the top 100 universities in the world, and 10 of its researchers have received the Nobel Prize, Sheikh Hamdan said
Anghami
Why the UAE will remain the best country for startups and entrepreneurs in the years to come
The UAE’s startup titans have paid tribute to government-led strategies, enabling policies, a strong regulatory framework, and a supportive local ecosystem.
Dubai Industrial City
Etihad Rail inks deal for giant freight terminal in Dubai to boost trade ambitions
Rail network developer signs agreement to build terminal in Dubai Industrial City
Dubai Financial Market
Dubai’s Tecom Group said to hold investor meetings to plan IPO
Tecom hosts 10 large business complexes including Dubai Internet City and Dubai Media City and is part of Dubai Holding
Angel Investors
How Dubai’s in5 aims to connect more entrepreneurs with investors
Platform for entrepreneurs in tech, design and media announces new dedicated space for investors
deputy ruler of Dubai
Dubai adds TECOM to list of state-owned giants to be listed
TECOM operates 10 business communities in the city which include 6,500 companies with a workforce of 95,000
Dubai economy
20 years on: the impact of Dubai Internet City
Dubai Internet City started as a vision announced by ruler Sheikh Mohammed in October 1999 to anchor the emirate as the regional technology hub
Abdulla Al Habbai
Dubai’s TECOM promotes Emirati women to key leadership roles
Company says changes reflect its goal to create a new cadre of leaders, with a special focus on developing and empowering Emirati women
Dubai Holding
Dubai launches new platform to attract freelancers
Gofreelance gives freelancers licenses to operate in the gig economy for an annual fee of AED7,500.