Foreign investors and institutional investors made a strong return to the local stock markets yesterday, resulting in significant gains across the indices. The market capitalization of Abu Dhabi stocks increased by more than AED 20 billion, reaching AED 3.080 trillion, while Dubai’s market capitalization grew by AED 13.51 billion, surpassing AED 1 trillion for the...
EFG Hermes, a company under EFG Holding and recognized as the leading investment bank in the Middle East and North Africa (MENA), announced that its investment banking division has successfully completed its advisory role for the $163 million initial public offering (IPO) of Alpha Data. This company is one of the prominent digital transformation providers...
The Abu Dhabi Securities Exchange, which is the second-largest exchange in the Middle East, has officially welcomed the listing of Alpha Data, a digital transformation provider and systems integrator in the UAE. This marks a significant milestone as it is the UAE’s first initial public offering (IPO) of 2025 and the Exchange’s second offering this...
UAE technology services firm Alpha Data announced its intention to list on the Abu Dhabi Securities Exchange (ADX), offering 400 million shares, which represents 40% of its capital. This listing will consist entirely of existing shares owned by investors Bin Hamoodah and Ibbini Investment, as stated by the company. In its financial report for the...
The Abu Dhabi stock market saw significant gains last week, adding AED 8.9 billion to its market value and closing at AED 2.996 trillion. This improvement was partly driven by better performance in US stock markets and optimism surrounding a potential decline in US interest rates. The Abu Dhabi Securities Exchange (ADX) index rose by...