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The company priced its IPO at AED 1.53
Author Archives: enterpriseam admin
Posted inM&A WATCH
Edge acquires 51% stake in Condor, strengthening position in non-lethal technologies market
The acquisition will enhance Edge's position in defense, public, and homeland security sectors
Posted inCAPITAL MARKETS
DFM launches private capital market platform Arena
The platform helps companies at various growth stages access capital
Posted inECONOMY
CBUAE leaves interest rates unchanged
The central bank maintained its overnight deposit rate at 5.40% and the overnight lending rate at 5.90%
Posted inENERGY
Masdar partners with Bahrain’s Bapco for 2 GW wind projects
The agreement focuses on near-shore and offshore wind farms.
Posted inDEBT WATCH
Shuaa Capital settles AED 500 mn debt
The news follows the company’s USD 150 mn bond restructuring in April
Posted inEARNINGS WATCH
Swvl swings to profitability in 2023
The turnaround comes following a tumultuous year where the startup received two delisting warnings from Nasdar
Posted inEARNINGS WATCH
FAB, Union Properties report bottom line growth in 1Q 2024, while DAE sees bottom line dip
FAB attributed net income growth to “well-managed expenses and robust asset quality”