Latest news with #AlphaData
Al Etihad
4 days ago
- Business
- Al Etihad
ADX market cap crosses Dh3 trillion mark again
29 May 2025 23:07 REDDY (ABU DHABI)The combined market capitalisation of all companies listed on the Abu Dhabi Securities Exchange (ADX) crossed the Dh3 trillion mark once again on the ADX market cap surpassed this milestone on February 10, 2025. At the close of trading on Thursday, the total market cap of companies listed on both the main and growth markets of ADX stood at Dh3.007 exchange first crossed the Dh2 trillion mark in June 2022, and it took nearly three years to reach the next significant threshold in February 2025. However, after briefly staying above Dh3 trillion, the market cap retreated due to volatile conditions triggered by tariff wars and geopolitical tensions. The recent rally in the markets has now pushed the valuation past the Dh3 trillion mark once has witnessed substantial growth in recent years, driven by a strong economy, increasing foreign investment, and a surge in initial public offerings (IPOs). In 2024 alone, 28 new securities were listed, bringing the total to 187. In the first quarter of 2025, information technology firm Alpha Data made its market debut following a successful IPO, amid growing optimism that Abu Dhabi's flagship airline, Etihad Airways, may also launch an IPO this 2024, ADX ranked among the top five global exchanges by IPO proceeds, with offerings raising approximately $3.35 billion. It captured 38% of all IPO proceeds in the Middle East and 80% of those within the UAE, according to a Wam report on the year's its position as the second-largest exchange in the region, ADX also held its place among the world's top 20 stock markets. Its consistent global ranking reflects a well-regulated, investor-friendly environment. 'This milestone enhances the exchange's reputation and boosts investor confidence, paving the way for sustained growth and further capital market development in the UAE,' said Samer Mardini, Chief Investment Officer at Yorklyn Asset Management.
Khaleej Times
21-05-2025
- Business
- Khaleej Times
Strong investor confidence as 11 GCC IPOs raise $1.6b in Q1
The GCC equity capital markets have showcased remarkable vitality, with the first quarter of 2025 continuing the momentum of a record-breaking 2024. According to PwC Middle East's IPO Watch Q1 2025 report, 11 initial public offerings (IPOs) raised $1.6 billion in Q1 2025, a significant increase from $1.2 billion across 10 listings in Q1 2024. This surge underscores strong investor confidence in the region's capital markets, defying global economic uncertainties and positioning the GCC as a dynamic hub for investment. Saudi Arabia led the charge, contributing $1.1 billion, or 69 per cent of total IPO proceeds in Q1 2025. The kingdom's dominance was driven by three main market listings on the Tadawul and six additional listings on the Nomu parallel market, which together raised $62 million. This performance cements Saudi Arabia's role as the region's powerhouse for capital market development, fueled by its ambitious economic diversification agenda. The UAE also made significant strides. Alpha Data, a digital transformation and system integration leader, raised $163 million on the Abu Dhabi Exchange, highlighting the UAE's growing appeal for tech-driven listings. Meanwhile, Dham Reit Management, a Dubai Holding subsidiary, set a new benchmark with its Dubai Residential REIT IPO, priced at Dh1.1 per unit, marking it as the largest listed real estate investment trust in the GCC. Adding to the UAE's vibrant market, Cafu, a leading fuel delivery app, is reportedly exploring a stake sale that could pave the way for its stock exchange debut, further diversifying the region's IPO landscape. Oman, too, advanced its privatisation efforts with the listing of Asyad Shipping on the Muscat Stock Exchange, raising $333 million. This move reflects the GCC's broader commitment to unlocking new value for investors through diversified capital markets. Oman's strategic listings, including two businesses carved out of OQ in 2024, secured $2.5 billion, representing 19 per cent of the region's total IPO proceeds for the year. The year 2024 was a landmark for GCC IPOs, with 53 listings raising a record $13.2 billion, the highest volume ever recorded in the region. Saudi Arabia led with 15 Tadawul IPOs and 27 Nomu listings, while the UAE accounted for 47 per cent of proceeds with seven high-profile IPOs, including Talabat Holding, Lulu Group, and NMDC Energy, which collectively raised $6.2 billion. Tadawul listings alone contributed 30 per cent ($4.0 billion) of GCC proceeds. The final quarter of 2024 was particularly strong, with 26 IPOs, including 20 in Saudi Arabia, raising $8.5 billion — 64 per cent of the year's total proceeds. Three of the five largest GCC IPOs occurred in Q4, underscoring the region's accelerating IPOs, the GCC's capital markets saw $9.7 billion in bond issuances and $25.9 billion in sukuks in 2024, with 55 per cent issued by GCC governments, reflecting robust public-sector support. Contributions from Oman, Bahrain, and Kuwait further bolstered the region's record-breaking performance, with Oman ranking third in proceeds. The GCC's IPO market is thriving, driven by economic diversification, investor enthusiasm, and strategic listings across Saudi Arabia, the UAE, and Oman. As Q1 2025 demonstrates, the region's capital markets are poised for continued growth, offering a beacon of opportunity for global investors.
Arabian Business
21-05-2025
- Business
- Arabian Business
GCC sees $1.6bn of IPOs; Saudi Arabia leads strong start to year
The GCC saw 11 IPOs and raised a total of $1.6bn in the first quarter of 2025, according to PwC Middle East's IPO Watch Q1 2025 report. It is up from $1.2bn across 10 listings in Q1 2024, demonstrating continued positive investor sentiment in the region's capital markets, despite prevailing global uncertainties. Saudi Arabia contributed $1.1bn, which accounts for 69 per cent of total IPO proceeds. GCC IPO 2025 report This strong performance stems from three main market listings and momentum on the Nomu parallel market, where six listings raised an additional $62m, reinforcing the Kingdom's role as a regional engine of capital markets development. In the UAE, digital transformation and system integrator Alpha Data raised $163m on the Abu Dhabi Exchange. Oman, meanwhile, made headway in its privatisation journey with the listing of Asyad Shipping on the Muscat Stock Exchange, raising $333m, demonstrating the region's commitment to diversifying capital markets and unlocking new value for investors. Muhammad Hassan, Capital Markets Leader at PwC Middle East, said: 'Recent global macroeconomic developments resulting from trade tariffs have had a pronounced impact on both global and GCC equity markets as well as oil prices. 'Although increased volatility and market uncertainty affects IPO activity in the short term, we remain positive on the long-term outlook of regional capital markets. 'Therefore, it's imperative that prospective issuers remain prepared to take advantage of potential IPO opportunities.' GCC markets have shown notable resilience, despite external pressures. The S&P GCC Composite Index, for example, recovered from a sharp dip in early April and is now trading just 1 per cent below where it began the year, highlighting regional investor confidence and market stability. Consumer markets were the leading sector in Q1 2025, accounting for 42 per cent of total IPO proceeds. This trend underscores investor interest in retail and lifestyle-driven businesses and signals continued growth in sectors closely aligned with evolving consumer behaviours across the region. The report also highlights increased activity in the region's debt capital markets. Bond issuance surged to $4.6bn in Q1 2025, up from $1.6bn during the same period last year. Sukuk issuance also saw growth reaching $4.1bn. Notably, 70 per cent of all GCC bonds and sukuks issued during the quarter were issued on Nasdaq Dubai, affirming the Emirate's position as a key regional hub for fixed income instruments.
Zawya
20-05-2025
- Business
- Zawya
11 GCC IPOs raise $1.6bln driven by strong momentum in Saudi Arabia, according to PwC Middle East
Diverse mix of companies coming to market in Q1 including privately owned and family businesses Saudi Arabia continues to lead regional IPO activity, contributing to 69% of total GCC IPO proceeds Consumer markets the most active sector in Q1, accounting for 42% of total IPO proceeds Dubai, UAE – PwC Middle East has released its IPO Watch Q1 2025 report, providing a comprehensive analysis of equity capital market activity across the GCC in the first quarter. The report highlights a strong start to the year, with 11 IPOs raising a total of US$1.6bn, up from US$1.2bn across 10 listings in Q1 2024, demonstrating continued positive investor sentiment in the region's capital markets, despite prevailing global uncertainties. Saudi Arabia contributed US$1.1bn, which accounts for 69% of total IPO proceeds. This strong performance stems from three main market listings and momentum on the Nomu parallel market, where six listings raised an additional US$62m, reinforcing the Kingdom's role as a regional engine of capital markets development. In the UAE, digital transformation and system integrator Alpha Data raised US$163m on the Abu Dhabi Exchange. Oman, meanwhile, made headway in its privatisation journey with the listing of Asyad Shipping on the Muscat Stock Exchange, raising US$333m, demonstrating the region's commitment to diversifying capital markets and unlocking new value for investors. Muhammad Hassan, Capital Markets Leader at PwC Middle East, stated: 'Recent global macroeconomic developments resulting from trade tariffs have had a pronounced impact on both global and GCC equity markets as well as oil prices. Although increased volatility and market uncertainty affects IPO activity in the short term, we remain positive on the long-term outlook of regional capital markets. Therefore, it's imperative that prospective issuers remain prepared to take advantage of potential IPO opportunities.' GCC markets have shown notable resilience, despite external pressures. The S&P GCC Composite Index, for example, recovered from a sharp dip in early April and is now trading just 1% below where it began the year, highlighting regional investor confidence and market stability. Consumer markets were the leading sector in Q1 2025, accounting for 42% of total IPO proceeds. This trend underscores investor interest in retail and lifestyle-driven businesses and signals continued growth in sectors closely aligned with evolving consumer behaviours across the region. The report also highlights increased activity in the region's debt capital markets. Bond issuance surged to US$4.6bn in Q1 2025, up from US$1.6bn during the same period last year. Sukuk issuance also saw growth reaching US$4.1bn. Notably, 70% of all GCC bonds and sukuks issued during the quarter were issued on Nasdaq Dubai, affirming the Emirate's position as a key regional hub for fixed income instruments. Read the full report here. About PwC At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We're a tech-forward, people-empowered network with more than 370,000 people in 149 countries. Across audit and assurance, tax and legal, deals and consulting we help build, accelerate and sustain momentum. Find out more at Established in the Middle East for over 40 years, PwC Middle East has 30 offices across 12 countries in the region with 12,000 people. ( PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details. © 2025 PwC. All rights reserved Contact: Sara Hout | More details: @PwC_Middle_East on LinkedIn and Twitter
Channel Post MEA
07-05-2025
- Business
- Channel Post MEA
Group-IB Inks Series Of MoUs At GISEC Global 2025
Group-IB has signed strategic Memorandums of Understanding with local and regional cybersecurity leaders, and is showcasing its cutting-edge threat detection and fraud prevention capabilities at GISEC Global 2025, taking place from May 6 to 8 at the Dubai World Trade Centre. Group-IB is presenting the capabilities of its Cyber Fusion Center, a unique intelligence-driven ecosystem designed to unify fraud protection, threat intelligence, digital risk monitoring, network security, and cloud protection. Visitors will have the opportunity to explore the company's latest solutions, including: Fraud Protection (FP): Real-time detection and response to digital fraud across financial and e-commerce platforms. Threat Intelligence (TI): Tailored threat insights built on proprietary data to help organisations stay ahead of cyber adversaries. Digital Risk Protection (DRP): Proactive defense against brand abuse, impersonation, and data leaks across the surface, deep, and dark web. Attack Surface Management (ASM): Continuous discovery and analysis of internet-facing assets to identify vulnerabilities and reduce exposure to external threats. Managed Extended Detection and Response (MXDR): A unified, fully managed solution combining Endpoint Detection and Response (EDR), Network Detection and Response (NDR), Business Email Protection (BEP), and malware analysis to deliver 24/7 threat detection, investigation, and response across endpoints, networks, and cloud environments. Commenting on their participation, Dmitry Volkov, CEO of Group-IB, said: 'As the boundaries between cyber threats and online fraud continue to blur, organisations need a unified approach to stay ahead. At GISEC Global 2025, we are proud to showcase how our Cyber Fusion Center brings together fraud prevention, threat intelligence, and digital risk protection under one roof. This fusion-driven model is not just the future, it's the new standard for securing digital ecosystems in an increasingly automated threat landscape.' On the sidelines of the event, Group-IB has forged strategic alliances through multiple Memorandum of Understanding signings with local and regional cybersecurity stakeholders, including Alpha Data, one of the leading digital transformation providers & system integrators in the Middle East. Additionally, Group-IB will sign a partnership with CyberGate Defense, leading UAE-based cybersecurity firm providing end-to-end cybersecurity services to governments and enterprises globally. These agreements will pave the way for deeper collaboration in areas such as intelligence sharing, joint awareness efforts, and coordinated cybersecurity initiatives aimed at enhancing market presence and expanding access to advanced cyber defense technologies across the region. Ashraf Koheil, Regional Sales Director MEA at Group-IB, said: 'These partnerships reflect Group-IB's deep commitment to supporting the UAE's forward-looking vision for cybersecurity resilience and digital trust. By collaborating with key regional stakeholders, we aim to strengthen collective defenses and contribute to the region's growing role as a global cybersecurity hub. Our goal is to ensure that cutting-edge threat intelligence and fraud prevention capabilities are accessible and aligned with the strategic priorities of governments and enterprises across the Middle East and Africa.' During the event, Group-IB will also deliver a featured presentation on the Dark Stage during the second day of the event. The session, titled 'AI Operators and Agents: The Rise of Automation and Fraud' will explore how cybercriminals are adopting automation to scale fraudulent operations and maximise ROI. It will include a live hack demonstration, offering attendees a closer look at how stolen credit card data is tested and online banking systems exploited. Moreover, Group-IB has recently introduced a proprietary AI Assistant designed to streamline the way cybersecurity professionals interact with threat intelligence. The solution enables users to receive structured, context-rich insights in real time through plain-language queries, eliminating the need for manual data filtering or navigating complex reports. Built with a privacy-first approach, the AI Assistant supports faster, more informed decision-making without compromising data security. Group-IB is present at GISEC 2025, from 6-8 May, at Hall 07, Stand B105. 0 0
