The UAE financial markets witnessed the execution of 453 major direct deals in the first half of 2024, with a total value of 7.86 billion dirhams, distributed over about 2.7 billion shares, including 25 companies.
The data showed that the Abu Dhabi Securities Market witnessed 251 deals worth 5.6 billion dirhams, distributed over 1.7 billion shares executed on the shares of 13 companies.
While the Dubai market witnessed 202 deals worth 2.26 billion dirhams, distributed over one billion shares, and executed on the shares of 12 companies.
One of the most significant deals in Abu Dhabi was 196 deals on ADNOC Drilling shares on May 24, worth AED 3.4 billion on 880 million shares, as the (secondary) offering announced by ADNOC, the company’s main shareholder, was settled.
The major deals included 8 deals on Gulf Investment shares worth AED 147.7 million on AED 61.5 million, 2 deals on IBEX Investment on January 30 worth AED 213.2 million on 106.6 million shares, as well as deals on Gulf Medical Projects worth AED 156.5 million on 97.8 million shares.
In Dubai, Salik Toll Company witnessed the execution of the first major deals in the market with about 3 deals worth 27 million dirhams for 8 million shares and another major deal on the same day worth 67 million dirhams distributed over 20 million shares.
Taaleem Holding shares witnessed the execution of 64 major deals worth AED 245.7 million on 68.25 million shares.
BHM Capital witnessed about 9 major deals worth AED 207.48 million distributed over 59.45 million shares.
A large deal was also executed on the Islamic Arab Insurance Company - Salama worth AED 51 million on 131.4 million shares, in addition to a deal on BHM Capital worth AED 6.9 million on 1.98 million shares.
110 major deals were executed on Drake & Scull shares, worth AED 128.2 million, on 512.8 million shares, on the first day the stock began trading on the Dubai market after a 6-year suspension; these shares are equivalent to a capital increase.
