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Lulu Retail’s IPO raises AED6.32b, offer price for share set at AED2.04

ABU DHABI / WAM Lulu Retail Holdings PLC on Wednesday announced the successful completion of the bookbuild and public subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). Lulu Retail confirms the final offer price for its ordinary shares has been set at AED2.04 per Share, pricing at the top of the previously announced ...

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Abu Dhabi’s ADQ named as Headline Partner for ADFW

ABU DHABI/ AD MEDIA OFFICE Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, and Chairman of the Executive Council, ADGM – the host of the flagship financial event of the MEASA region, Abu Dhabi Finance Week (ADFW), has signed a memorandum of understanding (MoU) with ADQ, to confirm ...

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FTA offers grace period for taxpayers failing to update tax registrations

ABU DHABI / WAM The Federal Tax Authority (FTA) announced that a new decision has been issued to support businesses in efficiently meeting their tax obligations, offering a grace period for tax registrants who have fallen behind on updating their tax records for the period from January 1 2024 until March 31 2025. The initiative allows violators to make the ...

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