Markets

ADES Holding reaches $4 billion valuation pre IPO

Announces IPO subscription coverage of 62.7 times

The UAE USD bond issue 5 times oversubscribed

The order book attracted high quality investors and exceeded $7.4 billion

Greenback still mighty despite de-dollarization efforts

Gold being stokpiled as a greater share of reserves

GCC markets: strong sentiment index surge

Oil at $94 meet inflation concerns and interest rate decisions

EFG Hermes collaborates with the Saudi exchange during EFG Hermes Saudi forum

To showcase compelling Saudi equities to global investors

Ades holding announces IPO offer price range

And commencement of the institutional book building

Saudi’s Lumi prices IPO at top of range

Company aimed to achieve SAR1 bn in revenues prior share offering

New stock exchange deal fosters closer Saudi and China ties

June saw Saudi Arabia hosting the Arab-China Business Conference

Brent Crude approaches $90 and mixed results for GCC markets

Saudi Aramco eyes potential $50 bn secondary share offering

ADX collaborates with UAE’s leading brokers, launches Investment Outlook Report

Report offers market insights, potential stock investment opportunities

ADES holding company announces Saudi IPO plans

The IPO of ADES comprises an offer of 338,718,754 ordinary shares

GCC markets show resilience amidst global turbulence

Curtain falls on 2Q 2023 earnings season

New Sharia-compliant Saudi equity fund launched

Investors urged to take advantage of growth potential

GCC market dynamics underpinned by $80 crude oil

But also monetary policy and packed earnings calendar