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Lulu Retail’s Record-Breaking IPO on ADX Raises AED 6.32 Billion, Surpasses Expectations
Lulu Retail Holdings PLC today completed its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), marking the largest UAE IPO of 2024 so far.
UAE Debt Capital Market Soars with Sukuk and Sustainability Initiatives Reaching USD 294 Billion
The UAE's debt capital markets (DCMs) surged by 13.1% year-on-year, reaching USD 294.4 billion by the close of Q3 2024, reported Bashar Al Natoor, Managing Director and Global Head of Islamic Finance at Fitch Ratings.
UAE Banking Sector Reaches Record AED502.6 billion in Capital and Reserves
According to the latest figures from the Central Bank of the UAE (CBUAE), capital and reserves in the sector grew by 10.5% year-on-year, rising from AED454.9 billion in July 2023 to AED502.6 billion in July 2024.
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