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- Gulf Bank showcases salary account benefits, featuring a cash gift
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04/11/2014 07:32 AST
DUBAI-based Daman Investments (DI), one of the UAE's leading investment management companies, plans to proceed with an initial public offering by floating 55% of their equity contingent on obtaining all necessary regulatory approvals.
The decision to float fulfills Daman's previous announcement to go public made in 2009 and the company plans to list its shares on the Dubai Financial Market (DFM) during Q1 2015.
Daman Investments offers innovative investment products and services to both regional and international clients, and provides investment management and development capital investment opportunities as well as brokerage operations through its subsidiaries.
"Funds raised through the IPO will be used to scale up our existing business and invest in various opportunities in the UAE and the wider region," said Daman Investments' Chairman & Founder, Shehab Gargash.
None of the current shareholders are exiting through the offering. The new funds will increase the capital of the company equating to 55% of post share capital with existing shareholders diluting to 45%.
Saudi Gazette
20/01/2016
The net profit of the shareholders of Damaan Islamic Insurance's (Beema) touched QR63m for the full-year 2015.
The financial results were announced after the company's board of directors'
The Peninsula
25/05/2015
Daman is in advanced discussions to expand its operations to Oman.
The Abu Dhabi-based company operates a joint venture with Munich Re and the pair have been in discussions about the plann
The National
12/05/2014
Daman Investments, one of the leading UAE-based regional investment management companies, announced on Sunday dividends for the first quarter of 2014 on all its funds.
The flagship Dama
The Gulf Today
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27/10/2025
As part of its ongoing commitment to strengthening direct communication with customers and providing the best banking experiences, Gulf Bank was present at Al Khiran Mall for three consecutive days t
Kuwait Times
27/10/2025
The National Bank of Bahrain (NBB) has announced the appointment of Nabeel Mustafa as Group Chief Operating Officer.
Mustafa brings over 20 years of experience in the financial services sect
Trade Arabia
27/10/2025
QNB has "reaffirmed its leadership in private banking" by being named 'Best Private Bank in Qatar' at MEED's MENA Banking Awards for Wealth and Private Banking 2025.
This prestigious recogni
Gulf Times
27/10/2025
Qatar Electricity & Water Company posted a net profit of QR1,027mn in the first nine months of this year, compared to QR1,189mn in the same period in 2024.
QEWC reported nine-month revenue o
Gulf Times
27/10/2025
Saudi-based Sumou Real Estate Company has announced the signing of an infrastructure development works contract with Diyar Real Estate Development Company (a key entity which represents a real estate
Trade Arabia
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