Dubai's TECOM Group has debuted on the Dubai Financial Market (DFM) successfully.
The IPO was 21 times oversubscribed with total gross demand surpassing AED 35.4 billion.
The final offer price was set at AED 2.67 per share, giving it a valuation of AED 13.4 billion.
Speaking exclusively to ARN News, Abdulla Belhoul, CEO of Tecom Group says it's an important milestone for Dubai and the group, and gave details of the demand for the share offering.
UAE welcomes US decision to upgrade its export control designation
The UAE has welcomed the US government's decision to elevate the UAE to an 'A5' export control designation, highlighting that it advances the decades of bilateral cooperation in technology, security, trade and investment.
Meta scraps AI image feature days after launch following privacy backlash
Meta said it is discontinuing an AI feature launched this week that allowed users to generate images using public Instagram accounts, after drawing widespread criticism over privacy concerns, including from a Hollywood union.
New Zealand, India upgrade ties as PM Modi visits Auckland
Indian Prime Minister Narendra Modi and his New Zealand counterpart Christopher Luxon upgraded their nations' diplomatic ties on Saturday, as Modi seeks to bolster New Delhi's ties in the Asia-Pacific region.
Flydubai resumes flights to Syria's Aleppo after 14 years
Flydubai is expanding its network in Syria with the launch of a new daily non-stop service to Aleppo.
UAE's e& to sell Vodafone stake for nearly $6 billion
UAE telecoms group e& said on Friday it has agreed to sell its stake in Vodafone for $5.95 billion to the family group of French billionaire Xavier Niel, ending its investment in the British firm after a review of its international portfolio.
Pour Some Sugar On Me
Def Leppard
Unskinn Bop
Poison
R.o.c.k. In The U.s.a.
John Mellencamp
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