Stock
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?
