Zones operator closes Q1 with ‘all-time high’ occupancy of 91% Dubai: The Dubai zones operator Tecom Group booked a 15 per cent increase in Q1-2024 net profit to Dh293 million from Dh255 million a year ago. This came off revenues of Dh564 million, up
Dubai grocery retailer sets share price at Dh1.53 Dubai: As expected, the Dubai retailer Spinneys has set its IPO price at Dh1.53 a share, the high end of its Dh1.42-Dh1.53 range. This will result in offer proceeds of Dh1.38 billion and a market cap
Spinneys is the latest Dubai IPO generating significant retail investor traction Dubai: the size of the retail investor offering in the ongoing Spinneys’ IPO process has been raised to 7 per cent from 5 per cent. This means these investors will get access to
Supermarket firm records Dh2.9b in 2023 sales – and EBITDA margins of a substantial 20% Dubai: The supermarket operator Spinneys will pay 70 per cent of its profit after tax to shareholders, the Dubai headquartered company has confirmed. Dividends will be paid in April
When interest rate cuts happen, do not expect Western, emerging markets to go in the same way As the era of zero and negative interest rates finally ended last week, much of the commentary remained fixated on the idea of rate cuts looming on
On its DFM debut, Parkin soars, but day traders could not pick up more as apps crash Dubai: For many retail investors in the UAE wanting to add more Parkin shares to their portfolio on the first day of listing, there was only disappointment.
UAE’s first IPO of 2024 catches a lot of heavy retail investor for secondary buying Dubai: At its DFM listing, Parkin’s stock surged over 35.2 per cent to Dh2.84, representing another strong start for a Dubai government entity going public. Parkin is coming
The Nakheel-Meydan deal will add a lot towards future-proofing Recent housing data out of China showing house prices fell 6.3 per cent on a year-on-year basis (and 23.1 per cent from its peak) set alarm bells ringing as it indicated the steepest drop ever
At JLT and Al Furjan, apartments closest to the metro station now carry up to 30% premium Dubai: Thinking of renting an apartment at a location near a Dubai Metro station in JLT or at the fast emerging residential hub of Al Furjan?
UAE’s first IPO of 2024 has reportedly pulled in record retail over-subscription Dubai: As was widely anticipated, the retail part of the Parkin IPO has been raised, from 10 per cent to 12 percent, with the Dubai company confirming an ‘exceptional level of over-subscription’.
