DUBAI/WAM Emirates Islamic has successfully issued a US$750 million Senior Unsecured Sukuk on 18th March 2025. The Sukuk attracted a very strong order book in excess of $1.6 billion, resulting in a 2.1 times oversubscription rate. The strong investor demand allowed the Bank to tighten the spread by 30 basis points from initial price thoughts to 95 basis points over ...

ABU DHABI/WAM H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, accompanied by H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, visited the tomb of the late Sheikh Zayed bin Sultan Al Nahyan at the Sheikh Zayed Grand Mosque in Abu Dhabi. Their Highnesses recited Al-Fatiha for the soul of ...

ABU DHABI/WAM As part of its ongoing commitment to fostering dialogue on topics relevant to the people of the UAE, Majlis Mohamed bin Zayed hosted its third Ramadan session titled ‘Coexistence in Islamic Thought’. The session was attended by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, alongside senior officials, scholars, and academics. ...

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, on Tuesday welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the exchange’s second offering in 2025, reinforcing the exchange’s commitment to broadening the market and offering ...

ABU DHABI/WAM The Abu Dhabi Securities Exchange (ADX) has reported a strong start to 2025, with daily trading volumes rising by over 27.5 percent compared to the same period last year, according to Abdulla Salem Al Nuaimi, CEO of ADX. Al Nuaimi also highlighted a more than 30 percent increase in the number of investors since the beginning of the ...

ABU DHABI/WAM The UAE’s stock markets experienced substantial growth in 2024, driven by a robust economy, foreign investments, and IPOs. Both the Abu Dhabi Securities Exchange and the Dubai Financial Market saw significant increases in their market cap and trading volumes. This growth solidified the UAE’s position as a leading investment destination in the region. At the end of 2024, ...

ABU DHABI/WAM Finstreet Limited, an IHC Group company through Rorix Holdings, has officially launched its subsidiaries that operate a first-of-its-kind international securities market infrastructure at Abu Dhabi Finance Week (ADFW). The launch follows the receipt of necessary licences from the Financial Services Regulatory Authority (FSRA) of ADGM, and also includes welcoming institutional investors to register from today to access this ...

ABU DHABI / WAM Mair Group, a strategic investment group focused on food retail and commercial real estate, is now listed on the Abu Dhabi Securities Exchange (ADX) under the trading symbol “MAIR”. Mair Group’s shares are available to institutional and individual investors reflecting the company’s commitment to market accessibility. The company’s shares commenced trading at a reference price of ...