DUBAI: The group CEO of Emirates NBD, Shayne Nelson, rang the market-opening bell at Nasdaq Dubai on Wednesday to celebrate the listing of a $750 million bond. The perpetual bond pays a coupon of 4.25 percent, the lowest pricing for a conventional Tier 1 bond from the UAE. It was 2.3 times oversubscribed with a strong demand from the region – 64 percent of interest from the
Hussain Sajwani offers to buy all the shares of DAMAC to withdraw it from the Dubai market archyde.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archyde.com Daily Mail and Mail on Sunday newspapers.
Sajwani resigns, offers $595m to take Damac private
Hussain Sajwani, chairman of DAMAC Properties.
File photo
Maple Invest Co, an investment vehicle owned by Sajwani, offered $595 million as a conditional bid for the issued share capital of Damac not already owned by Maple and its affiliates
Dubai’s real estate tycoon Hussain Sajwani has resigned as the chairman of property developer Damac as he prepares to take the company private.
Maple Invest Co, an investment vehicle owned by Sajwani, offered $595 million as a conditional bid for the issued share capital of Damac not already owned by Maple and its affiliates.
Number of shares traded at the meeting reached about 350 through 8,758 transactions Published: May 31, 2021 19:30 WAM Illustrative purpose only Image Credit: Antonin Kelian Kallouche/Gulf News
Abu Dhabi: The value of liquidity flowing into the UAE financial markets rose to about Dh3.3 billion during the first two sessions of the week, after the increase in the trading of local and foreign portfolios, which continued to focus on a segment of the leading stocks for the second day in a row.
According to the data, the daily monitoring of the transactions shows the existence of consolidation on some stocks whose prices are expected to rise in the coming days.