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Saudi National Bank surged as it traded a single merged entity

Mubadala seizes on 144% stock rally to sell stake in Aldar Properties 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Mubadala sold a 12 per cent stake in Aldar to Alpha Dhabi Holding April 1, 2021 Abu Dhabi wealth fund Mubadala Investment Co. sold a $950m stake in Aldar Properties, cashing in on a surge in the developer’s shares after it was awarded contracts worth billions of dollars. Mubadala, the $232bn sovereign wealth fund, sold a 12 per cent stake in Aldar to Alpha Dhabi Holding, a name little known ...

Reforms, new rules to spur rebound in UAE IPO action issacjohn@khaleejtimes.com Filed on February 28, 2021 Equity markets in the Mena region experienced high volatility and average daily trading values increased significantly across the main exchanges. (AFP) Several new initiatives were launched in UAE with aim of bolstering activity in years ahead After a fall of 40 per cent in initial public offering (IPO) issuances across the Middle East and North Africa region in 2020, the UAE is expected to witness a rebound in IPO activity in the coming years on the back of sweeping reforms,...

SHARE Abu Dhabi Securities Exchange (ADX) is reducing transaction fees on all trading activities from next week as part of its plan to double the market capitalisation of companies listed on the exchange within the next three years. Under the initiative, fees of all transactions that occur on ADX will be reduced to 0.175 per cent, from 0.225 per cent, the Abu Dhabi Securities Exchange said in a statement on Saturday. “Reducing overall transaction costs for trading on the exchange is one of many initiatives we are undertaking to achieve our strategy of attracting new liquidity sources and ma...

Zee Stores acquires Royal Horizon ABU DHABI, January 20, 2021 Abu Dhabi-listed International Holding Company’s listed subsidiary, Zee Stores, a specialist in trading food and non-food products and other services, has acquired 60% of privately-held Royal Horizon Holding, a leading supplier of soft commodities.   The acquisition is worth AED80 million ($21 million), divided into AED40 million payable to shareholders and AED40 million as a capital infusion to Royal Horizon.   Falal Ameen, CEO of Zee Stores, said: “The majority acquisition of Royal Horizon gives us an immediate entry i...