Shares opened at Dh1.48 a share at ADX against a trading reference price of Dh0.37
Shares opened at Dh1.48 a share at ADX against a trading reference price of Dh0.37
Statement indicates next move will be a cut
Retailer's share offering oversubscribed 64 times
The UAE and other Gulf markets saw a flurry of IPOs over the past two years
71% of retail investors in the UAE hold stocks in companies engaged with AI
Through this platform, companies can access capital through diverse assets including equity and debt with plans to introduce additional asset classes
Investors looked towards a US Federal Reserve Policy decision that could offer for more cues regarding its interest rate cuts policy
This was the lowest demand in the past 9 months
The total size of the offering remains unchanged at 900 million shares, representing 25 per cent of the company’s total issued share capital
Total consolidated revenue rose 64% to Dh148.1 million