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Alec’s shares gain 0.7% on debut
The stock earlier touched a high of AED 1.50
Dubai Investments taps banks to list its Dubai Investments Park unit + Masdar eyes USD 1 bn investment in Turkey?
Plus: Khazna earmarks 400 MW of 1 GW goal for key markets
Dubizzle pulls the trigger on its long-awaited Dubai IPO
The listing could value the company at USD 2 bn
THIS MORNING: ADQ could be vying for Sicily’s Catania Airport + Etihad Airways plans USD 15 bn investment over seven years; but no firm IPO timeline
Plus: Space42 ships first domestically assembled SAR satellites to US
AI fintech Optasia eyes USD 375 mn South Africa IPO
The IPO is still subject to JSE approval
THIS MORNING: Binghatti taps banks for IPO + Opec+ agrees to another production hike in November
Plus: MGX reportedly in talks to invest in Texan data center firm
Busy pipeline ahead for debt and equity capital markets in the UAE and KSA, investment bankers say
The GCC is increasingly being viewed less as an emerging market and more as a stable, developed market
Alec’s Dubai IPO to closed 21x oversubscribed, raises AED 1.4 bn
Trading is set to kick off on Wednesday, 15 October
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