by Jibran Munaf | November 7, 2024 | Corporate Finance
Burjeel Holdings PLC, listed on the Abu Dhabi Securities Exchange (ADX), reported a strong revenue increase to AED1.3 billion ($354 million) in Q3 2024, fueled by a surge in patient footfall and improved patient yield. Over the first nine months of 2024, total patient...
by Jibran Munaf | November 7, 2024 | Corporate Finance, Retail
Lulu Retail Holding has set the price of its initial public offering at AED2.04 ($0.56) per share, marking the top of its indicative range and valuing the company at AED21.1 billion ($5.75 billion). The IPO raised a record-breaking $1.72 billion, making it the largest...
by Jibran Munaf | November 3, 2024 | Corporate Finance
Top executives across the U.S. are increasingly discussing the upcoming presidential election, with “election” mentions on S&P 500 earnings calls reaching a record high. Between Sept. 15 and Oct. 31, the term was brought up on 100 calls, marking the...
by Jibran Munaf | November 2, 2024 | Corporate Finance
Tesla Inc. completed the sale of $499 million in bonds backed by loans provided to customers purchasing solar equipment, marking its latest venture into asset-backed securities. Deutsche Bank marketed the five-part deal starting Monday, wrapping up the process by...
by Jibran Munaf | October 31, 2024 | Corporate Finance, Technology
Samsung Electronics reported mixed third-quarter earnings on Thursday, with overall sales and operating profit slightly exceeding expectations. However, its chip division, a core profit driver, faced significant headwinds, posting a sharp 40% decline in operating...
by Jibran Munaf | October 31, 2024 | Corporate Finance
Facebook parent Meta (META) reported strong third-quarter results on Wednesday, surpassing Wall Street’s expectations for earnings and revenue. However, the company’s stock fell over 3% in after-hours trading as investors reacted to its forecasted increase in capital...
