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ADX and Astana International Exchange link up
PLUS: DP World is managing Atlantis Dubai’s hospitality logistics + will link Morocco and northern Europe
G42 to sell 2% of Presight AI in secondary sale
G42 will retain around a 68.5% stake after the sale
Lunate to debut region’s first thematic ETF on ADX this month
The ETF will track 25 global quantum computing firms including Microsoft, Nvidia, IBM, Alphabet and Amazon
Abu Dhabi sees biggest earnings growth in the region in 2Q, while earnings in Dubai were down
Abu Dhabi-listed companies' net income rose 18.3% y-o-y, while Dubai-listed firms’ fell 5.7% during the quarter
Adnoc raises AED 1.2 bn from oversubscribed Adnoc L&S share sale
The sale was nearly 7x oversubscribed
London’s IPO drought deepens as Frankfurt, Zürich pull ahead
Only three London IPOs have listed this year, raising just USD 208 mn versus USD 16.7 bn in 2021
Adnoc takes additional 3% stake in Adnoc L&S to market
Some 222 mn existing shares are being offered to institutional investors in and out of the UAE
2PointZero’s strategic-investment SPV Sagasse will start trading on the ADX today
The company set a reference price of AED 7.50 for its direct listing
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