Diginex's Strategic Move for ADX Listing and Funding Opportunities
Diginex Updates on MOU for ADX Dual Listing
Diginex Limited (NASDAQ: DGNX), a standout in Sustainability RegTech solutions, recently provided insights into its Memorandum of Understanding (MOU) with Nomas Global Investments LLC S.P.C. This agreement is aimed at facilitating a dual listing on the Abu Dhabi Securities Exchange (ADX), a strategic move that not only enhances Diginex’s visibility in the Gulf Cooperation Council (GCC) region but also opens doors for significant capital infusion.
Expanding Horizons in the GCC
The MOU, established with the backing of influential figures, including His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, lays the groundwork for Diginex’s ambitions to broaden its operational footprint in the GCC. A dual listing on the ADX promises to attract a diverse range of institutional investors, potentially raising up to USD $250 million for the company.
The ongoing dialogue within the UAE points to a committed effort to achieve this objective. Although challenges persist, the positive engagement suggests that the listing process, while taking longer than anticipated, is on a path toward fruition.
Potential Capital Raise and Investor Support
A noteworthy aspect of this MOU is the potential capital raise, set to follow the successful listing on the ADX. This significant move is expected to bolster Diginex’s resources, enabling further investments in innovative solutions that align with sustainability goals.
Diginex’s commitment to transparency in operations is supported by His Highness and Nomas. Their ongoing collaboration serves to enhance Diginex’s position, as both parties work diligently to navigate the complex landscape of listings and expansions in the region.
Transaction Developments
Further developments were highlighted in May through a separate transaction involving Nomas and Diginex. Nomas had initially acquired warrants for Diginex shares from Rhino Ventures Limited but has decided, by mutual agreement, to rescind this acquisition. This decision allows the warrants to revert back to Rhino Ventures Limited without affecting the intentions articulated in the MOU.
About Diginex Limited
Diginex Limited is headquartered in London and is recognized for its transformative approach in providing RegTech solutions centered around sustainability. Utilizing advanced technologies such as blockchain and machine learning, Diginex assists businesses in optimizing their Environmental, Social, and Governance (ESG) reporting processes.
Innovative Sustainability Solutions
The award-winning diginexESG platform supports multiple global frameworks, including the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). Clients utilizing Diginex’s solutions benefit from a comprehensive approach to sustainability, covering everything from data collection to stakeholder engagement.
This forward-thinking approach positions Diginex at the forefront of innovation in sustainable finance, offering vital tools for businesses looking to improve their sustainability practices.
Contact Diginex for More Information
For additional information or inquiries, please reach out to Diginex through their investor relations contact. They welcome communication from interested parties eager to learn more about their initiatives and future directions.
Frequently Asked Questions
What is the purpose of the MOU between Diginex and Nomas?
The MOU aims to facilitate a dual listing of Diginex on the ADNOC, enhancing business presence in the GCC and potentially raising significant capital.
How much capital does Diginex hope to raise?
Diginex is looking at a potential capital raise of up to USD $250 million to support its growth and expansion initiatives.
What advancements has Diginex made in sustainability technology?
Diginex employs blockchain and AI technologies to streamline ESG reporting, helping companies manage and report their sustainability data more effectively.
What frameworks does the diginexESG platform support?
The platform supports 19 global frameworks, including GRI and SASB, providing comprehensive tools for effective sustainability reporting.
How can I contact Diginex for investor relations?
You can reach out to Diginex's investor relations through their email at ir@diginex.com for any inquiries or more information.
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