Saudi Arabia’s Nice One plans IPO
Saudi beauty retailer, Nice One is poised to list on the stock exchange. The online cosmetics seller is said to have invited banks to tender for the deal, although further details, such as the timing and size of the IPO are yet to be revealed.
An all-time record: Dubai Duty Free’s FY2023 sales surge 24.39 percent
Dubai Duty Free has announced an all-time sales record of DHS7.885 billion for 2023, up 24.39 percent over the previous year. Compared to pre-pandemic results in 2019, sales rose 6.4 percent.
Avalon Pharma Announces IPO Plans
Avalon Pharma, a Saudi-based pharmaceutical company, has announced its intention to list on the Saudi Exchange’s main market.
UAE and South Korea Conclude Bilateral Trade Agreement
South Korea has reached a Comprehensive Economic Partnership Agreement (CEPA), a form of free trade agreement (FTA), with the United Arab Emirates (UAE), marking South Korea’s first FTA with an Arab nation.
Dr PawPaw’s Your Gorgeous Skin range makes its debut in the UAE
Dr PawPaw’s Your Gorgeous Skin range has made its debut in the UAE. The natural and vegan skin care solutions have hit shelves at Life Pharmacy and Watsons across the region.
La Bouche Rouge’s New Beginnings
French premium makeup brand La Bouche Rouge, has been sold to Dilesh Mehta’s Dubia-based holding company, Beauty Brands Global.
Qatar Duty Free announces two executive hires
Qatar Duty Free has named Grant Fleming as Vice President, Food & Beverage and Nuno Moreira as Vice President, Strategy & Commercial, effective immediately.
Inter Parfums elects new Board Member
Inter Parfums has announced that it has elected Gerard Kappauf to its Board of Directors. The company has also announced the retirement of Michel Dyens and Parick Choel, bringing the total number of board members to nine.
PZ Cussons to buy back Nigerian unit’s shares and delist
PZ Cussons has announced that it has made an offer to acquire the minority-held shares of its Nigerian unit. On completion, the UK manufacturer of St Tropez will de-list the business from the Nigerian stock exchange.
Oddity Outdoes Itself: IPO Launch Rockets Firm’s Valuation to $2B!
Oddity Tech Ltd., a beauty and wellness firm, has raised a substantial $424 million through an initial public offering (IPO), surpassing expectations
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