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First Abu Dhabi IPO of the year raises AED 1.89 bn
The final share price is AED 1.35
The cost of floods on Emirates, passenger traffic growth, Etihad’s IPO, and more from IATA’s annual meeting
Plus: UAE pumped 3.13 mn barrels of oil a day in May
Alef increases retail shares in ADX debut
Retail investors’ subscription will end tomorrow
First Japanese ETF debuts on the ADX
Plus: More from Gulf Oil Middle East, Etihad Credit Ins., Dubai Taxi, Strata, Sharjah Airport, and ADGM
Five Holdings taps banks for 2025 IPO
The company selected Citi and Deutsche Bank to advise on the planned IPO
THIS MORNING: Sidara makes final play for Wood Group + President in China
Plus: Drake & Scull’s shares soared 30% on its return to the DFM
Alef’s IPO could raise as much as AED 1.89 bn
Alef set its indicative price range at AED 1.3-1.35 per share
HSBC launches e-commerce digital payments platform in the UAE
PLUS: Lulu to set up new food processing facility in India
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