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THIS MORNING: FlyDubai eyes JV in India + Damac taps advisors for potential sukuk
Plus: Is Opec+ mulling another delay of supply hikes?
Largest IPO of 2024 flat on ADX debut
The retail arm’s shares debuted at AED 1.99 apiece
Abu Dhabi, Riyadh compete to lure global finance giants
ALSO- Bloomberg ran a feature on Lulu Group’s Managing Director Yusuff Ali
LuLu Retail raises AED 6.32 bn in largest IPO of the year
The IPO’s final price was set at AED 2.04 per share
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
Lulu Retail IPO sells out within one hour
The company is on track to raise up to AED 5.27 bn
More on the UAE’s private credit, crypto, and LNG ambitions. PLUS: LuLu’s IPO gets more attention
ALSO- European hedge fund management Brevan Howard is ramping up its crypto trading operations in the UAE
THIS MORNING: ADNH Catering debuts on the ADX + Cafu ventures into the EV space
Plus: It’s day two of the Brics summit
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