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Dubai Financial Market (DFM) has launched ARENA, a platform for capital raising, listing and investments, at the MENA Capital Market Summit 2024. ARENA provides an alternative to IPOs for private and family businesses, and growth companies. It offers equity and debt capital raising options and plans to expand asset classes in the future. This initiative marks DFM's expansion into the private market, strengthening its position as a leading financial market in the region. ARENA also allows companies to limit investor access to institutional investors, employees, or family and founding members, offering a unique pre-IPO listing option. For companies looking to raise over AED 35 million, ARENA provides cost-effective access to a broad investor network and a transparent process. The platform also offers investors exclusive access to DFM private market investments.
BHM Capital, a prominent financial institution in the United Arab Emirates, has been appointed as the liquidity provider for Agility Global PLC's shares on the Abu Dhabi Securities Exchange (ADX). BHM Capital will provide liquidity for the shares by entering two-way daily quotes into the market trading system. The move is expected to stabilize the price movements of Agility Global's shares and provide opportunities for investors to diversify their portfolios.
Resolution No. 384 of 2024 temporarily suspends trading of Al Dhafra Insurance Co. shares on the ADX, in accordance with Article No. 16 of the Regulations Concerning the Listing of Securities. The suspension is due to the company's Board of Directors meeting at 12:00 on 14-May-2024, which coincides with the ADX trading session. Trading will be suspended from 09:00 on 14-May-2024 until the ADX receives the meeting results. The resolution instructs all department heads in the ADX to implement this decision in their respective fields and circulate it to the SCA, the concerned company, all ADX departments, and all ADX-accredited brokers. The resolution was issued on 01/05/2024.
SHUAA Capital has successfully settled over AED 500 million in margin facilities with multiple UAE banks, a significant milestone in the de-leveraging of a fund managed by SHUAA GMC Limited, a wholly-owned subsidiary of SHUAA based in Abu Dhabi Global Market. This follows an agreement with noteholders on the outstanding $150m bond and aligns with SHUAA's investment philosophy which emphasizes prudent financial policies and modest debt levels. The settlement demonstrates SHUAA's commitment to safeguard stakeholders' interests and to asset management based on fundamental analysis.
The document provides a review and interim condensed consolidated financial statements of the Emirates Telecommunications Group Company PJSC for the three-month period ending on 31st March 2024.
The Resolution No. 383 of 2024 temporarily suspends trading on the shares of AL KHALEEJ Investment. This decision is in accordance with Article No. 16 of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to coincide with the AL KHALEEJ Investment Board of Directors Meeting, scheduled for 12:00 on 6-May-2024. Trading will be suspended from 09:00 on 6-May-2024 until ADX receives the meeting results. All heads of departments in ADX are required to execute this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 01/05/2024 and has been approved by the authorized person.