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.
Emirates Group marks record annual profits with 20-week staff bonus
Emirates Group has announced a 20-week bonus for its staff after achieving annual record profits of AED 24.5 billion despite facing a disruptive final month due to regional developments at the end of the 2025-2026 financial year.
UAE to develop a defence industrial free zone in Abu Dhabi
Al Selmiyyah, a suburb in Abu Dhabi, will turn into a zone that will be dedicated to advancing defence manufacturing in the UAE.
Apple settles lawsuit over late Siri AI features for $250 million
Apple has settled for $250 million on Tuesday in a shareholder lawsuit brought after the company delayed artificial-intelligence upgrades to its Siri voice assistant.
UAE plans to establish global defence manufacturing hub
The UAE is planning to establish a global defence manufacturing hub in partnership with South Korea’s LIG Defense and Aerospace.
UAE signs contract to purchase C-390 Millennium aircraft for air force
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, has witnessed the signing of a contract to purchase C-390 Millennium aircraft for the UAE air force.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has shared a message highlighting the impact of the "Make it in the Emirates" exhibition in building a "more resilient and sustainable national industrial model" for the UAE.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held talks with Qatar's Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in Abu Dhabi.
The United Arab Emirates has sent its final Humaid Air Bridge aircraft, carrying 100 tonnes of food aid and more than 3,200 food parcels for delivery to Gaza.
