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Food delivery firm Talabat raised $2 billion in its stock market debut, the largest IPO in the MENA region during 2024
Bonds fund governments by repaying principal and interest; tawarruq converts debts into tradable securities
In seven years, the UAE plans to double FDI to $354 billion and triple the FDI balance to $599 billion
The global Islamic finance industry is witnessing remarkable growth, with total assets reaching $3.3 trillion by the end of 2023
Final share price has been set at AED1.60, valuing the company at around AED37.3 billion ($10.1 billion)
The additional 1,164,412,032 offer shares have been wholly allocated to the qualified investor offering
Company has notably teamed-up with major names like UAE Artificial Intelligence Office and FAB
This growth highlights the country's evolving financial landscape and its strategic role within the sukuk market
With fractional sukuk, retail investors can invest as little as $1,000 in the sukuk market rather than a minimum of $200,000
The agency notes a rise in foreign currency sukuk issuance, particularly in real estate and finance, to attract foreign investmentÂ
The auction attracted interest from eight primary dealers for both tranches maturing in May 2027 and September 2029
Nasser noted that Asia and the Global South are often overlooked in transition plans, impacting the worldÂ
