عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Abu Dhabi Equities Market to Launch Derivatives Offerings in Q4

Abu Dhabi Equities Market to Launch Derivatives Offerings in Q4
TT
TT

Abu Dhabi Equities Market to Launch Derivatives Offerings in Q4

Abu Dhabi Equities Market to Launch Derivatives Offerings in Q4

Abu Dhabi Securities Exchange (ADX) said on Wednesday it plans to launch a derivatives market in the fourth quarter of this year.

The stock exchange will introduce single stock futures and index futures, it said in a statement, before expanding to a wider range of derivatives products.

ADX said it signed an agreement with Nasdaq to deliver marketplace technology solutions, including matching, real-time clearing and settlement technology.

The market is expecting a slew of initial public offerings (IPOs) this year as state entities look to monetize assets.

Abu Dhabi National Oil Co is planning an IPO of its drilling business and a flotation of Fertiglobe, a fertilizer joint venture with Dutch-listed chemical producer OCI, later this year.

Most Viewed

 
 
Business

Saudi ROSHN Group Reveals Rebranding

A ROSHN project in Saudi Arabia (ROSHN website)
A ROSHN project in Saudi Arabia (ROSHN website)
TT
TT

Saudi ROSHN Group Reveals Rebranding

A ROSHN project in Saudi Arabia (ROSHN website)
A ROSHN project in Saudi Arabia (ROSHN website)

ROSHN Group, a pioneering real estate developer backed by Saudi Arabia’s Public Investment Fund, has introduced on Sunday a new identity and strategic focus that expands its remit to include asset classes beyond its core residential offering.
This transformation into a multi-asset developer cements ROSHN's status as a trailblazer in the real estate sector and sets the stage for an innovative approach to developing mixed-use projects and multi-asset destinations, the Group said in a statement.
It said the launch of ROSHN Group’s fresh visual identity signifies a milestone in its commitment to broadening its real estate portfolio and establishing integrated destinations that cater to society’s diverse needs.
The new portfolio will encompass ROSHN’s core asset classes of 200 million square meters of residential property, alongside over four million square meters of gross leasable area across retail, commercial, and hospitality sectors.
Its enabling assets will include education, mosques, and healthcare, while opportunity assets span transport and logistics, including warehouses, industrial parks, and knowledge hubs, as well as leisure and entertainment, ranging from entertainment centers to fitness hubs.
These projects will showcase an exceptional diversity of assets, creating investment opportunities, elevating living standards, and driving economic growth, the Group said.
“Our growing portfolio now seamlessly integrates forward-thinking amenities and elevated connectivity, fostering opportunities for commercial partnerships, job creation, investment, and economic growth in alignment with Saudi Vision 2030,” said Chief Marketing and Communication Officer Ghada Al Rumayan of ROSHN Group.
She added, “With our own evolution, this vision becomes even more tangible as we introduce our expanded approach and dedication to improving quality of life through iconic new destinations across the Kingdom.”
Al Rumayan said that ROSHN takes pride in its role as a leading real estate developer in the Kingdom with a vision to transform urban living.