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GFH Bank B.S.C. announced on 19th October 2026 an update regarding the signing of agreements to purchase shares of Seef Properties B.S.C. Following a previous announcement on 15th September 2026, Seef Properties held an Extraordinary General Meeting on 18th October 2026, where independent shareholders voted in favor of a whitewash resolution. This resolution exempts the company from the obligation to make a mandatory takeover offer, as per Article 213 of the Commercial Companies Law and the relevant sections of the CBB Rulebook. Consequently, the transaction with Seef Equity Growth Investment, a company established by GFH Partners Fund Management, was approved. This transaction involves purchasing 95,088,461 shares, representing 20.67% of the company's capital. Upon completion, Seef Equity Growth Investment will own a total of 230,330,053 shares, amounting to 50.07% of the issued capital of Seef Properties. GFH Bank will provide additional disclosures periodically to ensure compliance with laws and regulations.
The Republic of the Congo has made a landmark move by becoming the first African sovereign issuer to list securities on Nasdaq Dubai, with a USD 1.55 billion listing. This includes two bond issuances due in 2035 and 2036, which are also listed on the London Stock Exchange. This secondary listing aims to enhance the Republic's debt visibility among Middle Eastern and global investors and to strengthen financial ties between the UAE and the Republic of the Congo. The listings consist of USD 700 million and USD 850 million amortising notes, both with a 9.500% interest rate. This move is part of a broader strategy to diversify the Republic's investor base and is supported by a Comprehensive Economic Partnership Agreement between the two countries. The listing was commemorated by a bell-ringing ceremony at Nasdaq Dubai, attended by key financial figures from both regions.
DIP Holding Plc, a subsidiary of Dubai Investments PJSC, plans to list its shares on the Dubai Financial Market through an Initial Public Offering (IPO), offering 1,735,243,300 existing ordinary shares, which represent 20% of its issued share capital. DIP Holding is the sole shareholder of Dubai Investments Park Development Company, which manages Dubai Investments Park, a large infrastructure platform offering long-term leases for various sectors. The park serves around 1,000 tenants and houses over 150,000 residents, with a nearly full occupancy rate as of June 2026. The IPO is seen as a natural progression for the company, showcasing its maturity and quality. Dubai's capital markets are viewed as robust, supported by strong economic fundamentals and investor confidence. DIP Holding aims to deliver sustainable value for shareholders and contribute to Dubai's economic development. The company has a solid operating model, generating significant recurring revenue and cash flow.
This text is a non-certified English translation of an Arabic prospectus for a public offering of shares in DIP Holding PLC, a free zone company incorporated in the Dubai International Financial Centre. The English version is for convenience only, and the Arabic version is the authoritative document. The offering involves 1,735,243,300 ordinary shares, representing 20% of the company's total issued shares, with a nominal value of AED 0.20 each. These shares are offered by Dubai Investments PJSC, the sole shareholder, exclusively in the UAE. The selling shareholder may adjust the offering size and tranches before the subscription period ends, subject to UAE laws and approval from the UAE Capital Market Authority. The offer price will be set in AED and announced before the offer period starts on October 27, 2026. The shares will be listed on the Dubai Financial Market. The final offer price and offering size will be disclosed after the subscription closes for the second tranche. The offer is restricted to the UAE, and no actions have been taken to allow the offer or distribution of the prospectus in other jurisdictions.
1. Disclosure: Announcement regarding DIP Holding PLC intention to list on DFM 2. Disclosure: Announcement regarding DIP Holding PLC intention to list on DFM 3. Disclosure: Announcement regarding DIP Holding PLC intention to list on DFM 4. Disclosure: Announcement regarding DIP Holding PLC intention to list on DFM
On 19 October 2026, a letter was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding the approval of a merger plan. Emirates NBD Bank's Indian branches will be amalgamated with RBL Bank Limited, following the Reserve Bank of India's approval. This follows a previous disclosure on 18 June 2026 about Emirates NBD Bank acquiring a 60% stake in RBL Bank Limited. The merger will be effective from 1 December 2026, after which all Indian branches of Emirates NBD Bank will operate as RBL Bank Limited branches. The letter was signed by Dr. Ahmed Saeed Alkhalfawi, Group Company Secretary of Emirates NBD Bank, and a copy was sent to the Capital Market Authority.
On October 18, 2026, a notification was sent to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding a Board of Directors meeting for Amanat Holdings PJSC. The meeting is scheduled for October 21, 2026, at 3:00 PM UAE time. The agenda includes reviewing the businesses of the company's underlying group and considering the automatic renewal of the liquidity provider agreement with Al Ramz Capital LLC, a related party. This renewal would allow the provider to buy and sell the company's ordinary shares under previously disclosed terms. The notice was signed by Tessa Lee from Amanat Holdings PJSC.