DUBAI / WAM Parkin Company on Thursday announced that it has set the final offer price for its initial public offering (IPO) at AED2.10 per share. This will result in approximately AED1,574.37 million (c. $428.69 million) of gross proceeds for Dubai Investment Fund (Selling Shareholder). The Company and Selling Shareholder confirm the previously announced Offering size of 749,700,000 shares, equivalent ...

DUBAI / WAM DP World Limited has announced the financial results for the year ended on December 31, 2023. On a reported basis, the company’s revenue grew by 6.6 percent to US$18.25 billion and adjusted EBITDA rose by 1.9 percent to $5.108 billion with a healthy adjusted EBITDA margin of 28.0 percent. The revenue growth was supported by Drydocks World ...

ABU DHABI / AD MEDIA OFFICE Abu Dhabi Global Market (ADGM) has declared 2023 as a year of success for the international financial centre of the UAE’s capital, highlighting its performance as the fastest-growing financial centre in the region for two consecutive years, as well as Abu Dhabi’s rise as a globally recognised financial hub. ADGM had a strong start ...