BusinessLatest Business and Company Updates
ADNIC consolidates its standing in UAE insurance market
Abu Dhabi National Insurance Company occupies a pivotal place in the UAE’s insurance sector, combining longevity with scale as it navigates a market shaped by regulatory tightening, rising claims costs and growing demand for specialised cover. Founded in 1972 and headquartered in the capital, the company was the first insurer
![photo105[16418]](https://thearabianpost.com/wp-content/uploads/2023/05/photo10516418-e1685438618918.jpg)
ALEC Holdings Prices IPO at Dh1.35–1.40, Subscription Kicks Off
Dubai’s engineering and construction powerhouse ALEC Holdings PJSC has fixed its IPO share price between AED 1.35 and AED 1.40, opening subscriptions for a 20 percent stake in the company. The offering will feature 1 billion existing shares, valuing
ADIA unit backs Asia-Pacific property credit fund
Capital from a subsidiary of Abu Dhabi’s sovereign wealth fund has flowed into a Hong Kong-based private credit manager, signalling continued appetite among Gulf investors for property-linked lending opportunities across developed Asia-Pacific markets. Dignari Capital Partners said a wholly owned unit
Botim Money teams with Mastercard for remittances
Botim Money, the financial services arm of the messaging platform botim, said on Tuesday it has entered a partnership with Mastercard to widen the reach of its international money transfer services, enabling users to send funds from the United Arab
