adx
Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000. It is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy. ADX is a market for trading securities, including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE “Towards the next 50” agenda.
Revenue for the quarter rose 6 percent YoY to $1.86 billion
This transaction consisted of 360,000 IHC shares, each priced at AED414
The Beirut Stock Exchange led the upward movement among Arab stock exchanges, with its index increasing by 29.03 percent
Lulu is now listed under the ticker "LULU"
The pro forma net profit reached AED110 million, showcasing a robust net profit margin of 9 percent
The offering garnered aggregate demand exceeding $37 billion from local, regional, and international investors
The offer price range remains unchanged, set between AED1.94 and AED2.04 per share
At ADX, there were 549 transactions, encompassing 16.6 billion shares valued at AED55.4 billion
The country has successfully completed 37 bond issues amounting to a total of $18.51 billion
Revenue in the first nine months of 2024 rose 96 percent to a record high of $2.66 billion
The IPO raised gross proceeds of AED864 million, implying a market capitalization of AED2.16 billion at listing
This collaboration seeks to enhance market liquidity and financial stability, aligning with the ADX’s vision
Saudi Arabia’s IPO proceeds reached $512 million during the quarter with six offerings
ADNH Catering offered 900 million shares, or 40 percent of its capital
The financial education program includes a series of workshops organized in collaboration with ADX member firms
The first transaction involved 505.8 million shares of Modon Holding for AED2.44 billion across six deals at AED4.83 per share
Space42 merges Bayanat’s sophisticated geospatial analytics with Yahsat’s premier satellite communications and AI innovations
The company plans to list 900,000,000 shares each with a nominal value of AED0.10
Dual-tranche offering includes a $1 billion seven-year bond due in 2031 and a $1 billion 30-year bond due in 2054
The name change is set to take effect on October 1, 2024
The Egyptian stock exchange led the Arab stock exchanges with the largest monthly increase of 4.64 percent
The offering comprised 1.15 billion shares of the company, 23 percent of total capital, priced at AED 2.8 each
At the close of the subscription period, the retail tranche was oversubscribed 600 times
