{"id":557855,"date":"2021-09-07T13:50:49","date_gmt":"2021-09-07T13:50:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/07\/more-listings-in-the-pipeline-for-abu-dhabis-adx\/"},"modified":"2021-09-07T13:50:49","modified_gmt":"2021-09-07T13:50:49","slug":"more-listings-in-the-pipeline-for-abu-dhabis-adx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/07\/more-listings-in-the-pipeline-for-abu-dhabis-adx\/","title":{"rendered":"More listings in the pipeline for Abu Dhabi\u2019s ADX"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>State-backed holding company ADQ plans to list <\/strong><strong>Abu Dhabi Ports on Abu Dhabi\u2019s <\/strong><strong>ADX before the end of the year<\/strong>, the company announced in a <a href=\"https:\/\/adq.ae\/media\/news\/adq-intends-to-list-abu-dhabi-ports-on-abu-dhabi-securities-exchange\">statement<\/a>. ADQ will list a portion of existing shares, it said, without specifying a stake, and will remain the majority shareholder. ADX has recently done well attracting local listings, including <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0cd92def-c816-42e3-8a3e-24173188717c\">Abu Dhabi National Oil Company<\/a> (ADNOC) which revealed its plans to sell at least 7.5% of its drilling unit\u2019s shares on the exchange. The ADX has been working to appeal to investors and announced last month that it would be <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0a88b37-0cd0-4e3a-a2e2-87b35357bc73\">cutting trading<\/a> commissions by half and extending its operating hours by one hour to align with global markets.<\/p>\n<p><strong>ELSEWHERE IN THE REGION-<\/strong> <strong>Saudi Arabia\u2019s Public Investment Fund made a USD 484 <\/strong><strong>mn bid to buy a 60% <\/strong><strong>stake in Zain Saudi Arabia\u2019s towers infrastructure<\/strong>, according to a company <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/tadawul\/home\/announcement-details\/!ut\/p\/z1\/pY_RToMwFIafaOkpdAwvKzJgsDodzJWbpUIzm7iWAFuiTy8DTHYjmtj0ps33nfP_KEd7lGtxUUfRKqPFe_fmuXNgYeKF4FoxpD4AXT-uls_zFXYTQC89YFmei-8IJEHEFkCfaLhb7lIbAhvl__GB_M2HHw6F3_28R6JNQHDUIW7q3APNvIQ9sC2GuTMCUxUngWuHHpgIybsWi5sMLLaB-jgGEq4xEIK21xmlaOVG1sqUiM_w9acSR8kM4rZr2X1QobU560KepG7Tj0oijg8DKsqLakzdJKppv_VGirp4G7l-Xm3KczGa_oAUramjYWN1yrI9qGgmXj_lcPkXkvYb7Q!!\/dz\/d5\/L0lDU0lKQ2dwUkNTQ2lDbEVLSUtVUUEhIS9vTG9RQUFJUXhCQUlFb3lqQ1VSemdoU0ZMZ2xLMHJYRkFBISEvNEpDaWpzWXBNaFRqVUU1bEVtdDJVdHROUXpXN0tXMW1vNUEhL1o3X05ITENIMDgySzBUTkYwQVFWT0NCTUVLVTIyL1o2X05ITENIMDgySzBUTkYwQVFWT0NCTUVLVUs2L0FOTk9VTkNFTUVOVF9OVU1CRVIvNjQ4MjIvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9jb21wYW55U3ltYm9sLzcwMzA!\/\">statement<\/a>shared on the Saudi Exchange. The sale would be the first of telecom infrastructure in the kingdom and would see Zain sell its passive, physical towers and retain all other wireless communication hardware and software.The company also received two offers from Prince Saud Bin Fahad and Sultan Holding Company for a 10% stake each, which would leave the company with a 20% stake.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>Further afield: An military takeover in Guinea could make your favourite electronic <\/strong><strong>gadgets more expensive <\/strong>as it has driven aluminum prices above their decade-high. Political turmoil in the West African nation \u2014 the world\u2019s largest supplies of the bauxite essential for the manufacturing of aluminum \u2014 threatens to upend the nation\u2019s supply chains, <a href=\"https:\/\/www.wsj.com\/articles\/aluminum-hits-decade-high-after-guinea-coup-imperils-bauxite-supplies-11630932111?mod=hp_lista_pos1\">the WSJ<\/a> reports. <a href=\"https:\/\/www.bbc.com\/news\/world-africa-58461436\">News of the coup<\/a> has pushed three month aluminum forwards contracts on the London Metal Exchange upwards by 1.3% to USD 2.77 k a metric ton, its highest since 2011.<\/p>\n<p><strong>Hyundai plans to be the first automaker to run all its new commercial vehicles on<\/strong><strong> batteries or fuel cells by 2028 \u2014 <\/strong>and will be rolling out its hydrogen-based technology by 2040, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-07\/hyundai-sees-a-bright-future-for-hydrogen-applications-by-2040?srnd=premium-middle-east\">Bloomberg<\/a> reports. The South Korean auto-manufacturer is expected to introduce its new hydrogen-based technology to \u201cpassenger cars, special vehicles, trains, ships and urban air mobility\u201d in addition to devising environmentally friendly generators and robots as part of its plan to become carbon neutral by 2045.<\/p>\n<p><strong>IN EXTREME COVID NEWS- You could be looking at a five-year jail term if you <\/strong><strong>break quarantine rules in Vietnam: <\/strong>A Vietnamese man was convicted of \u201cspreading dangerous infectious diseases\u201d and sentenced to five years in prison yesterday for breaching quarantine regulations, <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/vietnamese-man-jailed-5-years-spreading-coronavirus-2021-09-06\/\">Reuters<\/a>reports, citing state-run Vietnam News Agency. The man allegedly infected eight people, one of whom died. Two others have been sentenced to 18 months and two-year suspended jail terms on similar charges. <strong>Vietnam\u2019s heavy-handed approach to covid-19 seems to be working as far as the numbers go: <\/strong>Ca Mau, the Vietnamese province where the man was convicted, has reported only 191 cases and two deaths since the beginning of the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-backed holding company ADQ plans to list Abu Dhabi Ports on Abu Dhabi\u2019s ADX before the end of the year, the company announced in a statement. ADQ will list a portion of existing shares, it said, without specifying a stake, and will remain the majority shareholder. ADX has recently done well attracting local listings, including [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[298,1703,299,581,317,633,638,3208,9271,78,219,3513],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557855","post","type-post","status-publish","format-standard","hentry","category-for-your-commute","tag-abu-dhabi","tag-adnoc","tag-adq","tag-adx","tag-commodities","tag-enterprisepm","tag-for-your-commute","tag-guinea","tag-hyundai","tag-ipo-watch","tag-saudi-arabia","tag-vietnam","wpautop","entry"],"acf":{"mongo_id":"e75f8e9e-d4c3-4c72-9506-873a9f420f76","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[557850],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More listings in the pipeline for Abu Dhabi\u2019s ADX - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/07\/more-listings-in-the-pipeline-for-abu-dhabis-adx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More listings in the pipeline for Abu Dhabi\u2019s ADX\" \/>\n<meta property=\"og:description\" content=\"State-backed holding company ADQ plans to list Abu Dhabi Ports on Abu Dhabi\u2019s ADX before the end of the year, the company announced in a statement. 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Sources said that \u201cGoldman Sachs Group Inc., Morgan Stanley and EFG-Hermes are helping\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637355,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/adnoc-to-sell-at-least-10-stake-in-fuel-stations-unit-in-december-adx-ipo\/","url_meta":{"origin":557855,"position":1},"title":"ADNOC to sell at least 10% stake in fuel stations unit in December ADX IPO","author":"enterpriseam admin","date":"14 November 2017","format":false,"excerpt":"IPO WATCH- Abu Dhabi\u2019s ADNOC took a step toward its previously hinted sale of least 10% of its fuel stations unit in a December IPO in the Abu Dhabi Stock Exchange, ADNOC CEO Sultan Ahmed Al Jaber said on Monday in an interview with Bloomberg. The move would make it\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545860,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/14\/abu-dhabi-sovereign-fund-confirms-blockbuster-egx-stake-buys-could-abu-auf-be-next-in-line-for-adx-investment\/","url_meta":{"origin":557855,"position":2},"title":"Abu Dhabi sovereign fund confirms blockbuster EGX stake buys + Could Abu Auf be next in line for ADX investment?","author":"enterpriseam admin","date":"14 April 2022","format":false,"excerpt":"ADQ speaks on EGX acquisitions: Abu Dhabi wealth fund ADQ has confirmed its acquisition of stakes in five EGX-listed companies this week, saying in a statement yesterday that the move reflects its \u201ccontinued confidence in Egypt\u2019s strong economic potential.\u201d The fund acquired shares in CIB, Fawry, Abu Qir Fertilizers, Mopco,\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543619,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/09\/abu-dhabi-ports-shares-surge-on-adx-following-ipo-dubais-shuaa-wants-to-spac\/","url_meta":{"origin":557855,"position":3},"title":"Abu Dhabi ports shares surge on ADX following IPO + Dubai\u2019s SHUAA wants to SPAC","author":"enterpriseam admin","date":"9 February 2022","format":false,"excerpt":"Shares in Abu Dhabi Ports jumped as much as 17% on its ADX debut yesterday, marking the latest success for Gulf listings, Bloomberg reports. The company, which is majority-owned by Abu Dhabi sovereign wealth fund ADQ, raised USD 1.1 bn from its IPO ahead of its debut on the Abu\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542982,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/26\/chimera-closes-usd-10-bn-venture-capital-fund\/","url_meta":{"origin":557855,"position":4},"title":"Chimera closes USD 10 bn venture capital fund","author":"enterpriseam admin","date":"26 January 2022","format":false,"excerpt":"Our friends at the UAE\u2019s Chimera closes fundraising for one of the largest funds in VC history: Our friends at Abu Dhabi-based investment firm Chimera Capital have closed their second venture capital fund at USD 10 bn, according to a company press release (pdf). The Alpha Wave Ventures II fund\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":661094,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/23\/abu-dhabis-aghthia-group-now-owns-80-of-abu-auf\/","url_meta":{"origin":557855,"position":5},"title":"Abu Dhabi\u2019s Aghthia Group now owns 80% of Abu Auf","author":"enterpriseam admin","date":"23 February 2025","format":false,"excerpt":"The financial terms of the transaction were not disclosed","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/2093.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557855"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557855\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/557850"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557855"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557855"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}