BusinessLatest Business and Company Updates
Infinity Power explores IPO plans for Abu Dhabi stock market
Infinity Power, a prominent renewable energy developer partly owned by Masdar, is evaluating the possibility of launching an initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) within the next two to three years. The company's chairman, Mohamed Jameel Al Ramahi, revealed this potential move in an interview,
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Al Mal Capital REIT unveils AED 242 million equity boost
Al Mal Capital REIT, listed on Dubai Financial Market, is launching a follow‑on public offering to raise up to AED 242 million by issuing as many as 220 million new units at AED 1.10 per unit, subject to Securities and Commodities Authority approval.The subscription period
Majid Al Futtaim Reports Dh1.6 Billion First-Half Profit
Majid Al Futtaim, a leading retail and leisure conglomerate, has reported a robust Dh1.6 billion profit for the first half of the year, reflecting a strong performance across its diversified portfolio. The company's latest financial results showcase significant gains driven
Emirates NBD Backs AED 3.9 Bn Funding for Dubai’s Blue Metro
Emirates NBD has arranged AED 3.9 billion in fully underwritten syndicated bonding facilities to support the MAPA‑LIMAK‑CRRC consortium building Dubai’s Metro Blue Line Project, advancing the emirate’s 2040 Urban Master Plan goals for a world‑class public transport network.The bond will cover part of
