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Abu Dhabi Securities Exchange
Lulu Retail boosts IPO offering to 30% amid strong investor demand
The company is now on track to raise up to AED 6.3 bn
Mubadala's MDGH launches AED 1 bn sukuk, which was 2.3x oversubscribed
The sukuk will be listed on the ADX and London Stock Exchange
ADGM revamps property regs, introduces digital platform
ADGM rolled out its new digital platform AccessRP
Investcorp Capital’s first full-year earnings are out
The company approved the distribution of dividends amounting to USD 115 mn
Dubai Financial Market
THIS MORNING: Attacks on energy infrastructure in the Gulf continue + Flights disrupted last night due to missile threat
Plus: Fitch sees Strait of Hormuz closure as posing a “limited” shock to oil prices
Markets absorb reopening shock as investors retreat to cash
Only six companies on the DFM and the ADX closed in the green yesterday
ADX, DFM are closed today and tomorrow as regulatory body assesses the situation
Expect “high-beta real estate and financial stocks” to feel the initial heat when markets reopen
DFM and ADCB turn in earnings
ADCB saw its net income grow by double digits, while DFM’s net income more than…
Nasdaq Dubai
Brics’ NBD’s list USD 50 bn note program on Nasdaq Dubai + Several firms join new FIDA cluster in Abu Dhabi
ALSO- An agentic AI platform for lawyers raises pre-seed round
Bank of China lists another USD 500 mn on Nasdaq Dubai
Plus: Investcorp Capital acquires US fire and life safety services provider
NMDC Energy, Easy Lease look east with new offices, partnerships
Plus: Invictus Investment secures new financing from MCB
THIS MORNING: Emirates Islamic lines up green sukuk + Emirates Airlines to sponsor Real Madrid basketball team
Plus: Abu Dhabi test drives autonomous delivery vehicles