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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: Emirates to develop USD 2.3 bn railway project for Jordan + DFM saw a rally yesterday
Plus: Another Cepa comes into effect + schools and universities are back in-person next week
DFM and ADX reel from steepest monthly declines in years amid regional strain
Foreign investors are still selling, with hundreds of mns in outflows over the past week
Equity sell-off continues amid uncertain outlook for the war
Last week saw around USD 750 mn in net foreign outflows from UAE indices
Dubai stocks slip briefly into bear market territory
The benchmark closed below its February peak yesterday
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