Latest Threads on News from companies

Talabat has successfully debuted on the Dubai Financial Market (DFM) with the largest global technology IPO of 2024, raising approximately AED 7.5 billion (USD 2.0 billion). This IPO is also the largest in the GCC this year and the first technology sector IPO on DFM. Priced at AED 1.60 per share, Talabat's market capitalization at listing is around AED 37.3 billion (USD 10.1 billion). The offering received significant interest from local, regional, and international investors, resulting in oversubscription. Major investors included Emirates NBD AM SPC, the Abu Dhabi Pension Fund, and Emirates International Investment Company LLC. Delivery Hero SE, listed on the Frankfurt Stock Exchange, remains the majority shareholder. Talabat's listing is the third on DFM in 2024, reinforcing Dubai's position as a global financial hub. The event was marked by a market-opening ceremony attended by key figures including Talabat's CEO Tomaso Rodriguez and DFM's leadership.

BHM Capital Financial Services P.S.C has announced the opening of nominations for its Board of Directors. Shareholders can submit their nominations from 8:00 AM on Friday, December 13, 2024, until 4:30 PM on Friday, December 27, 2024. Eligible individuals may apply by submitting their applications to the company's management at its head office on the 49th floor of Vision Tower in Dubai.

The Board of Directors of BHM Capital Financial Services P.S.C invites the company's shareholders to attend the General Assembly Meeting. The meeting will be held remotely on Tuesday, December 31, 2024, at 11:00 AM. If the quorum is not met, the meeting will be rescheduled for January 7, 2025, at the same time. The agenda for the meeting will be reviewed and discussed.

Salik Company PJSC, Dubai's exclusive toll gate operator, has launched the "Salik Investor Relations" mobile app to enhance transparency and accessibility for investors. Available on iOS and Android, the app provides a secure platform for investors to access essential company information, including stock data, financial reports, and real-time disclosures. This initiative aims to consolidate investor information, reduce misinformation from unofficial sources, and support Salik's digital transformation and investor communication strategy. The app, which aligns with Salik's commitment to best practices in investor relations, is designed to meet the needs of both institutional and retail investors. It is available for download on the Apple App Store and Google Play Store.

Agility Public Warehousing Company announced that its subsidiary, Agility Logistics Parks, has entered into a strategic partnership with Riyadh Development Company to construct advanced warehousing facilities in Riyadh. Agility will contribute 60% to the partnership, with the project's total value estimated at SAR 227 million (approximately KD 23 million). The project involves building 58,000 square meters of Grade A warehousing on a 97,904 square meter plot and is expected to begin in the first half of 2025, with construction lasting two years. The capital expenditure will be reflected in Agility's financial statements during the construction period.