Stock
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?
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
