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Al Etihad
3 days ago
- Business
- Al Etihad
UAE stock markets cross Dh4 trillion milestone
13 July 2025 17:35 A. SREENIVASA REDDY (ABU DHABI)The combined market capitalisation of stocks listed on the UAE's stock markets has recently crossed Dh4 trillion, driven by a strong rally in both the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM).The total market capitalisation of all stocks listed on ADX — including both the main and growth markets — stood at Dh3.099 trillion as of Friday's exchange has consistently maintained its market cap above the Dh3 trillion mark in recent weeks, with its benchmark FTSE ADX General Index (FADGI) standing at 10,064.81 when the markets closed on Friday (July 11).ADX recently marked a key milestone with the listing of a $100 million digital bond by First Abu Dhabi Bank, in partnership with HSBC. The FADGI has gained 6.9% so far in 2025, while the exchange's total market capitalisation has grown by 3.3%, according to the latest bulletin from Kamco has also witnessed a remarkable upswing, with its total market capitalisation reaching Dh996.434 billion, as per Kamco Invest data. The DFM General Index (DFMGI) climbed to 5,854.99 on Friday (July 11), reflecting a 13.5% gain so far this year. The DFM has posted gains for three consecutive weeks, with the index now at a 17-year estate has been a key driver of the Dubai market, led by strong performances from Emaar and Emaar exchange also welcomed the listing of Dubai Residential REIT, which raised Dh2.15 billion via its IPO. A second REIT, Al Mal Capital REIT, has launched a follow-on public offering (FPO) aiming to raise Dh242 both ADX and DFM combined, the total market capitalisation stands at Dh4.095 trillion, equivalent to approximately $1.115 comparison, the Saudi stock market remains the region's largest, with a market capitalisation of $2.49 trillion, according to Kamco Invest's latest data.'The UAE's stock markets crossing Dh4 trillion is a remarkable milestone that reflects the strength and dynamism of the country's economy,' said Samer Mardini, Chief Investment Officer at a family office in Dubai.'The impressive growth in both Abu Dhabi and Dubai markets is driven by rising investor confidence, successful IPOs, and innovations like digital bonds. It signals a bright future. It's an exciting time, and the momentum points toward even greater opportunities ahead,' he added. Commenting on the rise of realty stocks in the UAE, Milad Azar of XTB MENA said: 'The rise of REITs shows growing market maturity and investor access. While still behind Saudi Arabia's $2.49 trillion market, the UAE is gaining ground through innovation, diversification, and investor confidence across both traditional and digital sectors.' Source: Aletihad - Abu Dhabi
Al Etihad
07-07-2025
- Business
- Al Etihad
Al Mal Capital REIT's FPO subscription period begins
7 July 2025 12:07 A. SREENIVASA REDDY (ABU DHABI)Subscriptions opened on Monday for the Follow-on Public Offering (FPO) of Al Mal Capital REIT, the first real estate investment trust (REIT) listed on the Dubai Financial Market (DFM). The offering will remain open until July FPO aims to raise up to Dh242 million through the issuance of up to 200 million new units, priced at Dh1.125 per unit. The offer is open to both individual and institutional investors across the UAE and the Abu Dhabi Bank (FAB) is acting as the Lead Receiving Bank. Investors can subscribe via FAB branches, online and mobile banking (for FAB clients), through the Central Bank's payment system, or by submitting a Manager's allocation is expected to take place between August 1 and 8, 2025, with trading on the DFM anticipated between August 8 and 15, subject to regulatory proceeds from the offering will be used to acquire additional income-generating assets across the healthcare, education, and mission-critical industrial sectors. The move follows the successful IPO of Dubai Residential REIT, which raised Dh1.245 billion and was oversubscribed 26 unitholders on record as of June 26, 2025, will receive a priority allocation equivalent to approximately 39% of their current holdings to protect against dilution. A secondary allocation will guarantee a minimum of up to 2,000 units to eligible new 2023, Al Mal Capital REIT has delivered a stable performance, with an annual return of around 7%.The REIT is managed by Al Mal Capital, a subsidiary of Dubai Investments. The Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, is the majority shareholder in Dubai Investments.'Al Mal Capital REIT's follow-on offering looks like a smart move for both existing and new investors who are after stable, long-term income,' said Samer Mardini, Chief Investment Officer at a family office in Dubai. 'The pricing is fair, the structure is clear, and overall it reflects a mature, well-managed fund,' he added. 'If they follow through on their plans to acquire solid, income-generating assets, there's real potential for both the value of the fund and its dividend payouts.'
Al Etihad
29-05-2025
- 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.
