Diginex provides update on MOU for ADX dual listing, potential capital raise

Diginex (DGNX) provided an update on its Memorandum of Understanding, MOU, between the Company and Nomas Global Investments, a solely owned SPV of His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan of Abu Dhabi’s Royal Family, dated 17 March 2025. The intention of the MOU was to secure a dual-listing of Diginex’s securities on the Abu Dhabi Securities Exchange, ADX, to expand Diginex’s business in the Gulf Cooperation Council and a potential capital raise for Diginex of up to USD$250 million focused on large institutional investors based in the GCC. Numerous meetings have been held within the United Arab Emirates to pursue a dual-listing on the ADX, and while the process is still on-going, it now appears that it will take a few more months if not longer to successfully list the Company’s ordinary shares on the ADX. Additionally, the potential USD$250 million capital raise, if it occurs, will most likely occur following the listing of Diginex’s ordinary shares on the ADX.