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The investment company is financing the acquisition via a Shariah-compliant bond issuance
Author Archives: enterpriseam admin
Posted inM&A WATCH
Aldar makes its first acquisition beyond MENA
The acquisition is valued at AED 1.07 bn
Posted inCAPITAL MARKETS
ADC announces capital increase + pushes into printing, publishing
ADC Acquisition is offering a USD 142 mn capital increase to finance the company’s expansion plans, according to an ADX disclosure. ADC — which is also rebranding as E7 Group — is raising its issued share capital to AED 524.8 mn from AED 499.81 mn by issuing mandatory convertible bonds worth AED 25 mn. These […]
Posted inDEBT WATCH
DP World secures financing for Jeddah Islamic Port container terminal
The funds will go towards deepening berths, improvements to quay walls, and establishing a container yard
Posted inMOVES
GFH appoint new Group CFO
Suryanarayanan Hariharan will replace Srinivasan Rathinam in the role
Posted inUAE IN THE NEWS
UAE in the News on 4 December 2023
COP28 + Telegraph takeover continue to lead coverage
Posted inALSO ON OUR RADAR
UAE, Indonesia enable cross-border payments +
BANKING- Cross-border QR payments with Indonesia will soon be possible: The Central Bank of the UAE (CBUAE) and Indonesia’s central bank inked an MoU last Thursday to introduce the cross-border QR code payments system, Zawya reported. The new system allows bank customers to make seamless payments to businesses in both countries by simply scanning QR […]
Posted inPLANET FINANCE
MBC prices IPO at SAR 23-25 per share, is fully covered in first hour of subscription period
The offered price range values the company at as much as SAR 8.1 bn