Latest news with #EMEAFinanceAchievementAwards
Qatar Tribune
6 hours ago
- Business
- Qatar Tribune
LuLu Retail named best IPO in the Middle East award at EMEA Awards
Tribune News Network Doha LuLu Retail Holdings PLC, has been honored with the prestigious 'Best IPO in the Middle East' award by EMEA Finance magazine. The recognition was presented at the annual EMEA Finance Achievement Awards *2024*, held in London on Tuesday. The accolade celebrates LuLu Retail's landmark Initial Public Offering, which successfully raised US$1.7 billion in Q4 2024, and marked the company's official listing on the Abu Dhabi Securities Exchange (ADX). The IPO drew widespread investor interest and was one of the most anticipated public listings in the region, reinforcing strong market confidence in the Group's growth trajectory, financial resilience, and retail leadership. The EMEA Finance Achievement Awards are regarded as a benchmark of excellence in capital markets across Europe, the Middle East, and Africa. Winners are selected by the editorial board from a pool of nominations submitted by investment banks, corporates, and market participants. The awards spotlight the most impactful and innovative financial transactions spanning IPOs, debt issuance, Islamic finance, structured deals, and mergers and acquisitions. Saifee Rupawala, CEO of LuLu Retail Holdings, said: 'We are truly honored to receive this award, which reflects the strength of our business, the commitment of our team, and the trust placed in us by our investors. The IPO marked a transformative chapter for LuLu Retail, and we remain committed to delivering long-term value and sustainable growth.'
Mid East Info
17 hours ago
- Business
- Mid East Info
Parkin's IPO Recognised as Best Privatisation in EMEA
Parkin Company PJSC 'Parkin' or 'the Company', the largest provider of paid public parking facilities and services in Dubai, has been awarded Best Privatisation in EMEA, at the 2025 EMEA Finance Achievement Awards in London. The annual awards ceremony recognises standout transactions and institutions shaping capital markets across Europe, the Middle East and Africa. The award celebrates Parkin's successful evolution from a government department into a high-performing and profitable listed infrastructure business. The carve-out process and subsequent public-to-private transition in March 2024 resulted in record oversubscription levels achieved on the Dubai Financial Market, with interest from high-quality local, regional and international investors generating AED 259 billion in total demand (US$71 billion), implying an oversubscription level of 165x. The recognition by EMEA Finance magazine reinforces Parkin's position as the benchmark for successful privatisation in the region, reflecting Dubai's leadership in developing investable and future-ready infrastructure platforms. The Best Privatisation in EMEA award follows last month's Best MENA IPO accolade from Euromoney, further enhancing Parkin's growing reputation for excellence in the transportation industry. Eng. Mohamed Abdulla Al Ali, CEO of Parkin, commented: 'Winning Best Privatisation in EMEA is a proud moment for both Parkin and Dubai. From the outset, our goal was to deliver a privatisation that set a new regional benchmark in transaction structure, investor interest and long-term value creation. The response to our IPO was extraordinary and what we have achieved since listing reflects the strength of our capex-light, cash-generative business model, our post-privatisation strategy and the ambitions of our team. This award is a testament not only to our success but also to Dubai's leadership in shaping innovative, world-class mobility infrastructure, demonstrating its ability to attract global investors through visionary privatisation initiatives.' About Parkin Company PJSC: With a unique blend of operational excellence, technological know-how and enforcement capability spanning almost three decades, Parkin Company PJSC is the largest provider of paid public parking facilities and services in the Emirate of Dubai, with a portfolio of approximately 206k paid parking spaces, as at year end 2024. Parkin has a dominant position in relation to Dubai's on and off-street paid public parking market and a leading share of the overall paid parking market. Under a 49-year Concession Agreement with Dubai's Roads and Transport Authority (RTA), Parkin has the exclusive right to operate a portfolio of public on and off-street parking (c.184k spaces) as well as public multi-storey car parking facilities (c.3k spaces). Parkin also operates certain developer-owned parking facilities through partnership agreements across the Emirate (c.19k spaces) and provides barrierless, ticketless on behalf of Majid Al Futtaim across two malls. Additional revenue streams include enforcement, the issuance of seasonal permits, parking reservations and other commercial activities. By deploying state of the art digital payment solutions and intelligent parking management systems that utilise artificial intelligence and big data analysis, Parkin's customers successfully conducted 132m parking transactions in 2024. Dubai's parking operations were established in 1995 under the Dubai Municipality, before becoming part of the RTA in 2005. In December 2023, Parkin Company PJSC was established through the issuance of Law No. 30 of 2023, successfully completing its initial public offering (IPO) on the Dubai Financial Market in March 2024.
Hi Dubai
2 days ago
- Business
- Hi Dubai
Parkin Wins Best Privatisation in EMEA for Landmark Dubai IPO
Parkin Company PJSC has been named Best Privatisation in EMEA at the 2025 EMEA Finance Achievement Awards in London, marking another major milestone in the company's rapid rise as a standout player in Dubai's infrastructure sector. The award recognises Parkin's transformation from a government entity into a high-performing listed business. Its March 2024 IPO on the Dubai Financial Market drew AED 259 billion (US$71 billion) in total demand, making it one of the most oversubscribed listings in the region with a 165x oversubscription rate. This recognition follows Parkin's recent win as Best MENA IPO by Euromoney, further cementing its position as a model for successful privatisation and a key contributor to Dubai's vision for future-ready infrastructure. Parkin CEO Eng. Mohamed Abdulla Al Ali called the award a proud moment for both the company and the city, highlighting the team's efforts to create long-term value and attract global investment through a capex-light, cash-generative business model. The accolade reinforces Dubai's growing reputation for innovative privatisation strategies and its ability to lead transformative developments in the mobility and infrastructure space. News Source: Burson Global
