Talabat Holdings, a subsidiary of Germany’s Delivery Hero, has announced plans to raise up to $1.5 billion through its initial public offering (IPO) on the Dubai Financial Market.
A day after Ominvest confirmed that it made an offer to acquire the entire capital share of Ahli Bank, Oman’s Bank Dhofar revised its non-binding merger proposal.
The proposed offer will be funded in its entirety by Consortium members, meaning there is no constraint on Ahli Bank or OAB’s capital or lending ability as a result of the offer.
However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.
AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.
