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UAE leads GCC region raising $3.2bln from 3 IPOs in Q1 2023

UAE offerings that were listed on the Dubai Financial Market raised a total of $0.2bln from one IPO, which is Al Ansari Financial Services ....

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UAE leads GCC region raising $3.2bn from 3 IPOs in Q1 2023

GCC initial public offerings (IPOs) raised a total of $3.5 billion through 12 offerings in Q1 2023, marking a y-o-y decline in value of 25%, as UAE led the region raising $3.2 billion from 3 offerings, a steep increase of 192%.
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UAE leads GCC markets with IPO proceeds of $3.2 billion in first quarter

Abu Dhabi bourse recorded the highest proceeds with $3 billion through the offerings of Adnoc Gas and Presight AI ....

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Closing bell: Saudi stocks continue to rise, end week on positive note

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward movement on Thursday, as it went up by 29.28 points or 0.27 percent to 10,964.67, as investors gained confidence from favorable market conditions. On Thursday, parallel market Nomu edged up 338.34 points or 1.67 percent to close at 20,573.95, while the MSCI Tadawul 30 Index climbed by 0.23 percent to 1,487.08. ....

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