STRUCTURAL TEARDOWN
Cornerstone allocations, greenshoe mechanics, and the dual-class governance question.
The ADNOC Logistics listing follows a now-familiar Abu Dhabi playbook...
Inside the structure, valuation, and timing of the public-market debut a decade in the making.
How a non cash accounting gain, an Abu Dhabi customer base and an OpenAI handshake produced the largest US tech IPO since Uber, and what the tape said next.
PIF signs a binding SPA handing 70% of Al-Hilal to Kingdom Holding at a SAR 1.4bn enterprise value — a 1.1x revenue print, a buyer PIF itself part-owns, and the first properly priced data point in the largest sovereign capital recycling program on earth.
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