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PIF’s remaining stake in stc equates to 3.1 billion shares or 62 percent
Outlook for the GCC IPO market remains positive with a healthy IPO pipeline of companies from a diverse range of sectors
Outpacing regional markets, the DFMGI surged by 10.9 percent closing at 4,503.48 points, the highest level since 2014
The IPO raised gross proceeds of AED864 million, implying a market capitalization of AED2.16 billion at listing
The central bank also announced a support package that included a 50-basis-point reduction on average interest rates for existing mortgages
The Egyptian stock exchange led the Arab stock exchanges with the largest monthly increase of 4.64 percent
At the close of the subscription period, the retail tranche was oversubscribed 600 times
By the end of May, these banks had elevated their equity investments to AED16.1 billion
This is the fourth listing under their $2 billion trust certificate program
Fed's decision to hold rates for the seventh time impacted performance of global financial markets and Arab stock exchanges
Can the Fed intervene to calm global markets?
Blue chip companies are highly advantageous to investors due to their robust financial status, superior market value and creditworthiness
Alef Education's market capitalization reached $2.56 billion at the time of listing
Apple's market capitalization reached $3.18 trillion, making it world's second most valuable company again
Dollar accounts for over 60 percent of global central bank reserves, making it the world’s most widely held currency
Market capitalization of 15 of ADX’s most prominent listed companies reaches over $228 billion
Market value of the Abu Dhabi Securities Exchange reached $754.7 billion in April
Listing proceeds to facilitate further investments in strategic initiatives
Chipmaker's soaring stock value reflects dominance in AI market
Leading banking and real estate stocks support the growth of UAE’s financial markets
Fed’s decision, companies' profits, and economic data all in focus
GCC countries witnessed 46 issuances with total proceeds worth $10.79 billion
UAE and Saudi Arabia propel region's robust market performance
Inflation and rising interest rates had little impact on the US stock market
