Strong investor demand allowed The Arab Energy Fund to increase the issuance from an initial $500m to $650m, with final book orders exceeding $935m
The funds are managed by FAB Asset Management, one of the largest MENA-focused asset managers with over 20 years of regional expertise
The SCA has announced a series of financial penalties against those companies since the beginning of January
With a modernised trading system, expanded product offerings, and advanced technology infrastructure, ADX Group is poised to become a central player in the global financial marketplace
The new Saudi Riyal symbol is inspired by Arabic calligraphy and aligns with the kingdom’s Vision 2030
The completion of the offering and the listing of Alpha Data shares on ADX is subject to market conditions and obtaining all necessary regulatory approvals
Customers can send up to Dhs150,000 per transaction and Dhs450,000 monthly
This pricing reflects an implied market capitalisation of SAR1.5bn (approximately $400m) at listing
DIFC is set to open a new Funds Centre in 2025, offering dedicated space for investment managers to raise capital and expand their operations
The forum included four key panel discussions covering budget preparation, the integration of modern technologies in financial planning, public-private partnerships, and international tax policies
A hybrid model where AI supports but does not replace human expertise seems to be preferable, especially in the complex world of finance where every decision carries weight
ADQ and IFC will explore co-investment opportunities, leveraging IFC’s capital mobilisation expertise and ADQ’s infrastructure and supply chain capabilities
Since its last funding round in October 2023, Tabby has nearly doubled its annualised transaction volume to over $10bn while maintaining profitability
Mashreq’s seasoned in-country teams combine deep local expertise with global capabilities to deliver sophisticated corporate and investment banking solutions
The MENA markets saw 25 IPOs during Q4 2024, raising $7.9bn in proceeds, the report shared
Digital-first solutions and advanced technologies are quickly becoming the norm, meeting the evolving needs of modern traders
The Capital Market Authority (CMA) in Saudi Arabia has initiated a public consultation regarding proposed changes
India’s benchmark 10-year bond yield was up five basis points at 6.70 per cent after the announcement
FAB’s capital and liquidity positions remained strong, with a common equity tier 1 (CET1) ratio of 13.7 per cent and a liquidity coverage ratio (LCR) of 142 per cent
Technology disruption, post-globalisation and shifting profit pools will drive dealmaking in the year ahead as interest rates and regulatory challenges are likely to recede, revealed the Bain & Company report
The executive order mandates the delivery of a comprehensive plan for the fund’s establishment within 90 days
The Saudi Exchange granted conditional approval on December 8, 2024, for the listing of Umm Al Qura’s shares on Tadawul’s Main Market
Six other draft laws were jointly issued by the councils
Ajman Bank’s strong performance in 2024 is highlighted by its total operating income of Dhs1.5bn and net operating income of Dhs736m
The firm has appointed SNB Capital as the lead manager, financial adviser, bookrunner and underwriter for the IPO
The decision follows the US Fed’s latest move to hold rates steady, signalling a cautious approach toward further tightening amid evolving economic conditions
The offering was four times oversubscribed with strong demand from a range of global investors
The brokerage is offering 49.94 million shares, representing 20 per cent of the company’s total issued share capital
Asyad Shipping transports LNG, crude oil, and other products and counts BP, Shell and trading firm Trafigura among its customers and partners
The report anticipates moderate growth in global FDI in 2025, driven by improved financing conditions and an increase in mergers and acquisitions