December 12 is the expected date for listing “Americana” in the Abu Dhabi and Saudi markets
Two billion dirhams of trading liquidity in local stocks during the first sessions of the week
Dubai Financial Market Index closed at 3287 points.
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Trading liquidity in local shares recorded, during the first sessions of the week, about two billion dirhams, with a trading volume of 458 million shares, through the implementation of 22.95 thousand transactions.
In detail, the Dubai Financial Market index closed at the level of 3287 points, with transactions with a total value of 320 million dirhams.
The share of «Dubai Islamic» decreased by 0.5% at 5.72 dirhams, and the share of «Emirates NBD» decreased by 1.5% at 13 dirhams.
The share of «Union Properties» decreased by 0.4%, at 0.251 dirhams.
The share of Emaar Properties increased by 0.8% at 5.95 dirhams.
The share of «Gulf Navigation», the most traded stock, increased by 8%, at 0.643 dirhams.
The Abu Dhabi Securities Market index closed by 1.2% at the level of 10378 points, with transactions amounting to a total value of about 1.7 billion dirhams.
The shares of “First Abu Dhabi” and “Ishraq Investment” declined by more than 3.6%, at 17.40 dirhams and 0.472 dirhams, respectively.
“Etisalat” decreased by 2.3% at 24.42 dirhams, and “Taqa” and “Vertiglobe” shares decreased by 2.4%, at 3.68 dirhams and 4.58 dirhams, respectively.
The "Multiplay" share was the most traded stock during yesterday's session, as it fell by 0.4% at 4.9 dirhams, with transactions exceeding 58 million shares.
In addition, Americana International Restaurants PLC announced the allocation of shares to investors and the updated schedule for its initial public offering, which is the first simultaneous double listing process on the Abu Dhabi Stock Exchange and the Saudi Stock Exchange (Tadawul). The trading process will take place on December 12, 2022, subject to obtaining all required regulatory approvals.
According to the updated schedule, the excess subscription amounts (if any) will be returned to retail investors in the UAE on November 30, and to retail investors in Saudi Arabia before December 8, 2022.
The final price of the shares to be offered for subscription, the “final offering price”, was set at 2.62 AED per share in the UAE, and 2.68 Saudi riyals per share in Saudi Arabia.
The book-building process resulted in approximately $105 billion in subscriptions (equivalent to 386 billion dirhams, or 394 billion Saudi riyals) in total from qualified institutional investors in a number of countries, including the UAE and Saudi Arabia.
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