Etisalat will now be 'e&' as UAE telecom giant transforms into 'global tech conglomerate'
Transition to 'e&' signals telco's ambitions to be a true technology giant
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Transition to 'e&' signals telco's ambitions to be a true technology giant
Alpha Dhabi listed on ADX in June '21, and has plans for a Dh8b spending spree
Market capitalisation of stocks listed on the exchange more than doubled to reach Dhs1.6tn.
Another one could be on the way, with ADNOC-backed Borouge mulling a listing
ABU DHABI, 21st February, 2022 (WAM) -- ADX’s market liquidity jumps five-fold in 2021 amid IPO boom. Traded values (buy + sell) on the exchange increased 407 percent from AED145 billion in 2020 to AED739 billion in 2021, driven by higher levels of domestic and international investment. Local investors accounted for 70 percent of the exchange’s traded value, while foreign institutional investors accounted for 30 percent. Meanwhile, net foreign investment on the exchange reached AED15 billion in 2021, the highest level recorded in the exchange’s...