Diginex Plans Strategic Expansion with UAE Partnership

Diginex Limited has announced a strategic move to expand its presence in the UAE and GCC region. The company signed MOUs with His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, aiming for a dual listing on the ADX and a capital raise of up to USD 250 million. This capital aims to support Diginex's acquisition strategy, targeting firms in AI and sustainability sectors.

The dual ADX and Nasdaq listing will give Diginex broader access to investors and liquidity. The Middle Eastern markets offer a vital platform following a tie-up between Nasdaq and ADX. This partnership potentially supports sustainability efforts aligned with the UAE’s national strategies.

Miles Pelham, Chairman of Diginex, expressed excitement about this partnership. The strategic alignment is set to enhance Diginex’s ESG-focused growth within a lucrative financial hub.