AFTER THE IPOS, UAE BLUE-CHIPS DELIVER BIG-TIME: Tecom Group would not have disappointed any of its shareholders with the 40- and 50- per cent plus gains in net profit, whether taken from a six-month perspective or purely from its performance in the second quarter. After a hugely successful IPO, which drew in a record over-subscription from retail investors, Tecom had to show it can continue to do just as well operationally. The same is happening in Abu Dhabi, where the newly listed firms have delivered exceptional results, Borouge and Fertiglobe being the latest. Soon, DEWA will announce its results and that could deliver another major boost for sentiments. With October dividend payments on the horizon, shareholders will have lots to keep themselves busy with. (By Manoj Nair, Business Editor)
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