«Dubai Financial» rose by 28%

“Abu Dhabi Financial” leads the region’s markets during 2021

The subscription of ADNOC Drilling raised 4.03 billion dirhams.

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The UAE recorded the second largest IPO in the Middle East and North Africa region, during the last quarter of last year, and the energy sector witnessed the second largest IPO in the region, in terms of value during 2021, as ADNOC Drilling managed to raise 1.1 billion dollars (4.03 billion dirhams). ) from its IPO on the Abu Dhabi Securities Exchange, in the last quarter of last year, according to a report by Ernst & Young on IPO activity for the last quarter of 2021 in the Middle East and North Africa.

The report pointed out that 21 public subscription deals were recorded, which raised $7.9 billion during 2021, with a significant increase of 133 percent in the total number of IPOs, and 325 percent in the total revenues raised compared to 2020.

The stock markets in the Middle East and North Africa recorded an excellent performance during 2021, as all markets in the region achieved remarkable growth.

Abu Dhabi topped the performance of the stock markets in the Middle East and North Africa for the year 2021, with a revenue growth of 68%, followed by the “Tadawul” market, whose index increased by 30% for the year 2021, and the Dubai Financial Market witnessed a growth of 28%.

The subscription of Vertiglobe, the first listing of a free zone company, on the Abu Dhabi Securities Exchange, in a public offering that raised $795 million (AED 2.9 billion).

Moreover, Abu Dhabi launched a fund of subscription deals worth $1.3 billion, to encourage and support private companies to take the step of listing their shares in the local stock markets.

This fund intends to invest in underwriting deals for five to 10 private companies each year, with a special focus on small and medium-sized companies.

At the end of last year, Dubai announced the listing of 10 government and state-owned companies on the Dubai Financial Market, as part of its efforts to accelerate new listings in various sectors, including the energy, logistics and retail sector.

Dubai also plans to encourage private and family companies to list their shares in the emirate's stock market, to restore activity and enhance the liquidity necessary to support development plans.

Dubai has also launched a "Dubai Future Fund" worth about one billion dirhams ($272.3 million) to support technology companies and encourage them to list on the Dubai Financial Market.

Adding the “Abu Dhabi Ports” stock to the “FTSE ADX Index”

Abu Dhabi ■ Emirates today /

The Abu Dhabi Securities Exchange announced the results of the first review of the "FTSE ADX" index series, and this comes after the market recently concluded a strategic partnership with "FTSE Russell", with the aim of providing all Abu Dhabi Financial Market indices, under a common brand. bearing their names, in addition to developing new indicators in support of the efforts made within the diversification initiative under the umbrella of the "ADX ONE" strategy.

And all the Abu Dhabi Securities Exchange indexes moved to the general “FTSE ADX Index” series, on January 10, in addition to the sectoral indices from the FTSE and the Abu Dhabi Securities Exchange.

Based on the results of the first review and evaluation of the “FTSE ADX Index” series, the Abu Dhabi Ports Company’s stock will be added to the “FTSE ADX” general index and the industries sector index from “FTSE and the Abu Dhabi Securities Exchange”, as of March 21, 2022.

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