Investment inflows resulting from the index inclusion is expected to further enhance liquidity and trading in the Saudi market, diversifying opportunities for issuers and investors.
"It’s over 1,200 times the opportunity size as the U.S. in terms of consumption,” says Starbucks chief Kevin Johnson. But the company is going up against some formidable competitors.
The company said it will also have a roadshow for its investors in April ahead of its much-touted listing.
Aya and Mounaz Abdel Raouf started their fashion brand, Okhtein, from an Instagram page. They have since transformed into a global brand, sported by celebrities such as Beyoncé and Gigi Hadid.
The SEC asked a judge to find Musk in contempt of a October 2018 settlement after it confirmed that his February 19 tweet wasn’t vetted in advance by Tesla lawyers.
Jumia's milestone will make it the first African tech start-up to list on a global exchange.
Modanisa’s latest round follows close on the heels of another investment by Goldman Sachs and Wamda Capital.
The venture capital firms will help DIFC invest part of its $100 million fund in innovative fintech start-ups in the MEASA region.