Latest news with #xCube
Mid East Info
2 days ago
- Business
- Mid East Info
Dubai Investments Renews Liquidity Provider Agreement with xCube - Middle East Business News and Information
Dubai Investments PJSC DFM: DIC, a diversified investment group listed on the Dubai Financial Market, has renewed its agreement with xCube LLC to continue as the Liquidity Provider LP for its shares. Dubai Investments continues to pursue strategic initiatives that enhance shareholder value and market performance. The renewal of its partnership with xCube as Liquidity Provider reinforces this vision by ensuring improved tradability and confidence in the company's listed shares. Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, commented: 'Renewing the agreement with xCube reflects the Group's ongoing commitment to improving market liquidity and enhancing long-term shareholder value. Over the past year, we've seen a clear uplift in trading activity, which coupled with the Group's strong financial performance, has further increased investor confidence in our shares.' Saad Chalabi, CEO of xCube, commented: 'The renewal of our mandate with Dubai Investments reflects the effectiveness of disciplined, data-driven liquidity provision. We're proud to contribute to the stock's improved performance and remain committed to supporting market quality and investor confidence. About Dubai Investments: Dubai Investments is a publicly listed UAE based multi-asset investment Group, managing a diverse portfolio of businesses, generating sustainable financial returns to its shareholders. Established in 1995, Dubai Investments is one of the leading investments Group in the UAE, initiating new businesses and partnering with dynamic entities, creating strategic investment opportunities across the region. With 15,956 shareholders, a paid-up capital of Dhs. 4.25 billion and total assets worth more than Dhs. 22 billion, the Group applies insight and experience to expand and be a reliable growth driver for businesses within sectors like real estate, manufacturing, healthcare, education, investments and services. The Group's diverse portfolio consists of wholly and partly owned companies and reflects the Company's continued focus on business diversification to drive growth in line with evolving industry trends. Focused on leveraging strengths with an interest in establishing existing and new business opportunities with a long-term, strategic and creative approach and with an emphasis on sustainable returns and capital growth, Dubai Investments collaborates on investment strategies meeting the changing needs of the economy and the societies in which it operates. Complementing the strategic objectives and creating value for stakeholders, the Group pursues growth through mergers and acquisitions and business expansions. About xCube LLC: xCube is a leading market making and brokerage firm based in Dubai. As the largest market maker on the DFM, xCube also offers issuer services that support liquidity and enhance shareholder value. xCube brokerage provides an online securities brokerage app with access created to enhance the long-term health of capital markets by nurturing and empowering investors. With a commitment to inclusivity, our platform provides access to markets with no financial requirements at the touch of a button – simple, fast, secure and affordable for all.
Zawya
2 days ago
- Business
- Zawya
Dubai Investments renews liquidity provider agreement with xCube
Dubai, UAE - Dubai Investments PJSC (DFM: DIC), a diversified investment group listed on the Dubai Financial Market, has renewed its agreement with xCube LLC to continue as the Liquidity Provider (LP) for its shares. Dubai Investments continues to pursue strategic initiatives that enhance shareholder value and market performance. The renewal of its partnership with xCube as Liquidity Provider reinforces this vision by ensuring improved tradability and confidence in the company's listed shares. Khalid Bin Kalban, Vice Chairman and CEO of Dubai Investments, commented: "Renewing the agreement with xCube reflects the Group's ongoing commitment to improving market liquidity and enhancing long-term shareholder value. Over the past year, we've seen a clear uplift in trading activity, which coupled with the Group's strong financial performance, has further increased investor confidence in our shares." Saad Chalabi, CEO of xCube, commented: "The renewal of our mandate with Dubai Investments reflects the effectiveness of disciplined, data-driven liquidity provision. We're proud to contribute to the stock's improved performance and remain committed to supporting market quality and investor confidence. About Dubai Investments Dubai Investments is a publicly listed UAE based multi-asset investment Group, managing a diverse portfolio of businesses, generating sustainable financial returns to its shareholders. Established in 1995, Dubai Investments is one of the leading investments Group in the UAE, initiating new businesses and partnering with dynamic entities, creating strategic investment opportunities across the region. With 15,956 shareholders, a paid-up capital of Dhs. 4.25 billion and total assets worth more than Dhs. 22 billion, the Group applies insight and experience to expand and be a reliable growth driver for businesses within sectors like real estate, manufacturing, healthcare, education, investments and services. The Group's diverse portfolio consists of wholly and partly owned companies and reflects the Company's continued focus on business diversification to drive growth in line with evolving industry trends. Focused on leveraging strengths with an interest in establishing existing and new business opportunities with a long-term, strategic and creative approach and with an emphasis on sustainable returns and capital growth, Dubai Investments collaborates on investment strategies meeting the changing needs of the economy and the societies in which it operates. Complementing the strategic objectives and creating value for stakeholders, the Group pursues growth through mergers and acquisitions and business expansions. To know more visit – About xCube LLC xCube is a leading market making and brokerage firm based in Dubai. As the largest market maker on the DFM, xCube also offers issuer services that support liquidity and enhance shareholder value. xCube brokerage provides an online securities brokerage app with access created to enhance the long-term health of capital markets by nurturing and empowering investors. With a commitment to inclusivity, our platform provides access to markets with no financial requirements at the touch of a button – simple, fast, secure and affordable for all.
Al Bawaba
2 days ago
- Business
- Al Bawaba
Dubai Investments Renews Liquidity Provider Agreement with xCube
Dubai Investments PJSC (DFM: DIC), a diversified investment group listed on the Dubai Financial Market, has renewed its agreement with xCube LLC to continue as the Liquidity Provider (LP) for its Investments continues to pursue strategic initiatives that enhance shareholder value and market performance. The renewal of its partnership with xCube as Liquidity Provider reinforces this vision by ensuring improved tradability and confidence in the company's listed Bin Kalban, Vice Chairman and CEO of Dubai Investments, commented: "Renewing the agreement with xCube reflects the Group's ongoing commitment to improving market liquidity and enhancing long-term shareholder value. Over the past year, we've seen a clear uplift in trading activity, which coupled with the Group's strong financial performance, has further increased investor confidence in our shares." Saad Chalabi, CEO of xCube, commented: "The renewal of our mandate with Dubai Investments reflects the effectiveness of disciplined, data-driven liquidity provision. We're proud to contribute to the stock's improved performance and remain committed to supporting market quality and investor confidence. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Zawya
19-05-2025
- Business
- Zawya
Dubai Holding upsizes Dubai Residential REIT IPO; to raise up to $584mln
Dubai Holding, which is seeking to IPO its subsidiary Dubai Residential REIT, has increased the size of the offering to 15% of the entity's capital from the previous 12.5% on the back of strong demand. The offering is now expected to raise between AED 2.08 billion ($568 million) and AED 2.14 billion ($584 million) based on the price range of AED 1.07 to AED 1.10 per unit. This implies a market capitalisation at listing of between AED 13.9 billion and AED 14.3 billion. With the upsizing, the tranche offered to institutional investors, is increased from 1,462,500,000 units to 1,787,500,000 units. The size of the retail tranche remains unchanged. Upon listing, DHAM REIT Management LLC DHAM Investments LLC, a subsidiary of Dubai Holding, will continue to own a majority 85% stake in the REIT. Proceeds from the sale of up to 243,750,000 units will be allocated to xCube LLC to conduct stabilisation transactions on the DFM following the listing, a statement said. Dubai Holding, the investment conglomerate owned by the emirate's ruler, is one of the largest landowners and property developers in the UAE. The units are expected to begin trading on 28 May. (Writing by Brinda Darasha; editing by Seban Scaria)
Zawya
07-05-2025
- Business
- Zawya
UAE IPOs resume with REIT listing: IFR
Dubai Residential REIT has reopened the post-Eid market with an IPO expected to reach up to around US$500m-equivalent. Dubai Holding is offering nearly 1.63bn shares for a 12.5% free-float. The offer includes a 15% brownshoe with xCube as stabilisation manager. According to a banker involved the REIT is valued at around Dh15bn (US$4.1bn) on fair value, though an IPO discount is expected to bring the dividend yield to around 8%. Peer Emaar Properties trades around a 7% yield while other dividend stories Tecom and Salik trade around 5.3% and 4%, respectively. An investor in the region wants to see a dividend yield of at least 6%. The REIT expects to make its first two dividend payments in September and April, the sum of which will be the higher of either Dh1.1bn (US$299.5m) or 80% of profit for the 2025 financial year. Dividends will be based on 80% of profits for each accounting period. While viewed as a 'safe bet', according to the banker involved, a banker away from the deal cautioned that as a buy-and-hold story it would likely see little aftermarket liquidity and would need to make a convincing case to lure investors away from listed high-yielding stocks such as Emaar. The banker away from the deal expects demand to be largely regional, with regulatory issues meaning the offer cannot be marketed in Europe. The offer is sharia compliant and is being marketed in the US on a Reg S basis. A second banker on the deal reported a decent shadow book, including anchor support. REITs are a relatively novel structure in the UAE with new regulatory guidance around their tax structure was issued last month meaning early-look work involved spending significant time educating investors on the changes and getting comfortable on the potential to list as either a company or a REIT, the banker said. Dubai Residential will be the largest listed REIT in the GCC region with a gross asset value of Dh21.6bn managing 35,700 residential units. For 2024, pro forma adjusted Ebitda post-management fees was Dh1.18bn off revenue of Dh1.79bn, representing a 72.7% margin. Subscription is open from May 13–20 for pricing on May 21 ahead of trading on May 28. Retail investors will be offered 10% of the shares. Citigroup, Emirates NBD and Morgan Stanley are joint global coordinators, and joint bookrunners with Abu Dhabi Commercial Bank, Arqaam Capital and First Abu Dhabi Bank. Dubai Holding is expected to follow up with a second REIT for its commercial property.
