adx

Abu Dhabi’s NMDC Energy starts trading on ADX following 31.3 times IPO oversubscription
Economy

Abu Dhabi’s NMDC Energy starts trading on ADX following 31.3 times IPO oversubscription

The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each

NMDC Energy IPO oversubscribed 31.3 times, generating $24 billion in demand
Markets

NMDC Energy IPO oversubscribed 31.3 times, generating $24 billion in demand

At the close of the subscription period, the retail tranche was oversubscribed 600 times

Abu Dhabi’s Masdar’s $1 billion green bond issuance drew $4.6 billion in demand, oversubscribed 4.6x
Banking & Finance

Abu Dhabi’s Masdar’s $1 billion green bond issuance drew $4.6 billion in demand, oversubscribed 4.6x

In July 2024, Masdar successfully raised $1 billion through its green bond issuance under its Green Finance Framework

UAE’s ADX sees $507.2 million in ETF trading value during eight months of 2024
Economy

UAE’s ADX sees $507.2 million in ETF trading value during eight months of 2024

Since the start of 2024, ETF trading volume has reached 450.7 million units

NMDC Energy gets IPO approval, to list 1.15 billion shares
Energy

NMDC Energy gets IPO approval, to list 1.15 billion shares

Subscription period to open on Friday, August 30, 2024, for individual investors in the UAE

Abu Dhabi’s ADX, Armenia Securities Exchange partner to promote market development, innovation
Markets

Abu Dhabi’s ADX, Armenia Securities Exchange partner to promote market development, innovation

Agreement to pave the way for the inclusion of the Armenia Securities Exchange as a member of the Tabadul Digital Exchange Hub

51 percent of UAE investors prefer real estate IPOs: Survey
Markets

51 percent of UAE investors prefer real estate IPOs: Survey

The UAE market contributed a remarkable 58 percent of 2023 IPO proceeds in the GCC region