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Dubai Financial Market

UAE stock market cap surges by $5.79bn in 2024 with strong IPO activity

The UAE’s stock market capitalization has surged by 21.3 billion dirhams ($5.79 billion) this year, thanks to three new initial public offerings launched since the beginning of 2024, according to a new analysis. Alef Education Holding,…
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Business

UAE grocery store chain Spinneys to float 25% stake on Dubai Financial Market

UAE-based grocery store operator Spinneys 1961 Holding PLC has announced its intention to proceed with an initial public offering on the Dubai Financial Market. Al Seer Group, Spinney’s parent company and the selling shareholder, expects…
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Business

Dubai announces new financial market initiatives

Dubai on Monday announced the listing of 10 government and state-owned companies on the Dubai Financial Market, in an effort to accelerate new listings in various sectors including energy, logistics and retail. Sheikh Maktoum bin…
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