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UAE, Saudi led regional IPOs in 2Q 2024
Alef Education’s IPO figured as MENA’s second biggest share float in 2Q 2024
Drake and Scull names new chair and vice
The company’s new chairman is Sheikh Theyab bin Tahnoon bin Mohammed Al Nahyan
Mubadala-backed Zamp acquires rights to Starbucks brand, stores in Brazil + GFH gets shareholder nod to acquire Ithmaar Holding
The DFM-listed companies are continuing discussions for the acquisition
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
Drake & Scull can now relist on the DFM after raising AED 450 mn in capital boost
The capital increase comes as part of wider restructuring plans after it was suspended from trading on the DFM in…
Spinneys share jump on market debut
The IPO marks the third successful listing in the UAE this year
Emirates to promote tourism in Turkey, Malaysia and China
PLUS: Suqia UAE and Emirates Red Crescent to drill new wells in Tanzania
New gas reserves discovered in Sharjah
The well will undergo testing to determine the potential reserves quantities
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