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Ooredoo successfully raised USD 500 million through an oversubscribed 10-year bond issuance with an annual coupon rate of 4.625%, maturing in October 2034. The bond achieved a spread of 88 basis points over 10-year U.S. Treasuries, marking the tightest spread in Ooredoo's history and one of the lowest for a global telecommunications company since 2020. The issuance was 3.6 times oversubscribed, attracting a diverse group of investors from the U.S., U.K., Europe, Asia, and the MENA region. The proceeds will be used for general corporate purposes, including refinancing existing debt. The bonds are rated A2 by Moody's and A by S&P. Ooredoo's Group CEO, Aziz Aluthman Fakhroo, highlighted the strong investor confidence in the company's strategy and financial performance. The issuance was coordinated by Citigroup, J.P. Morgan, and HSBC.

Multiply Group PJSC has issued a notice regarding the misuse of its company name, employee names, and logo by scammers promoting fraudulent investment opportunities and tenders online. These scammers may request personal, business, and financial information, including credit card and bank details, under the guise of paying tender fees or investing in Multiply. Multiply emphasizes that it will never request such information or payments through email, mail, or any other means. Individuals are advised to exercise caution and verify the legitimacy of any requests before making payments. Official communications from Multiply will only come from the "@multiply.ae" domain. To stay informed and protect against scams, individuals are encouraged to visit Multiply's official website and the News and Disclosures section on the ADX website.

The Dubai Financial Market (DFM) has announced the margin parameters for various futures contracts effective from October 9, 2024. These parameters include the base margin percentage, currency, base margin per contract, and spread margin per contract for different underlying symbols such as AIRARABIA, AlANSARI, ARMX, DEWA, and others. The margin percentages range from 5% to 17%, with margins specified in AED or USD depending on the contract. Detailed guidelines on margin calculation and eligible margin types can be found in the Derivatives Clearing Guidelines and Procedures. The announcement is available on the DFM website, and it is noted that the information may change. It is emphasized that this document does not replace the official DFM Regulated Derivative Contract Trading Regulation, which takes precedence in case of any discrepancies.

Sukoon Insurance PJSC, based in Dubai, UAE, has announced that its Board of Directors will pass a resolution by circulation on Thursday, October 10, 2024, at 10:00 am. The agenda includes approving the sale of certain company-owned lands and authorizing the CEO and/or CFO to negotiate and execute all necessary documents. This notification is addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy is sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

The Dubai Financial Market announced that a new series of equity futures contracts for January 2025 will be available for trading starting October 10, 2024. The contracts, which cover various securities, will be listed on October 10, 2024, and will be de-listed on January 16, 2025. The announcement and further details can be found on the Dubai Financial Market's website. The information in the announcement is subject to change, and the Dubai Financial Market Regulated Derivative Contract Trading Regulation will take precedence in case of any inconsistencies.

London Square, a company owned by Aldar, has launched two new residential developments, Twickenham Green and Twickenham Square, in the highly desirable area of Richmond Upon Thames, Southwest London. This marks the first residential projects by London Square since Aldar acquired the developer last year. The developments offer UAE investors a chance to enter the UK housing market through a reputable London-based developer. Aldar has expanded London Square's landbank by adding eight new sites in prominent London areas, aiming to unlock growth opportunities. The Twickenham area is known for its quality lifestyle, with green spaces, excellent schools, and convenient transport links. The new homes feature modern designs, including two, three, and four-bedroom mews-style houses and apartments with waterfront views and landscaped spaces. Prices for these homes start at £835,000.

The Abu Dhabi Securities Exchange received a notification that NMDC Group PJSC has been awarded a new project. The project, valued at AED 5,050,000,000, involves marine dredging, reclamation, and ground improvement works for Modon Company in Abu Dhabi. The information was also shared with the Securities and Commodities Authority.