Diginex updates on MOU for dual-listing on Abu Dhabi Securities Exchange and potential capital raise.
Quiver AI Summary
Diginex Limited, a provider of Sustainability RegTech solutions, announced an update regarding its Memorandum of Understanding with Nomas Global Investments, aimed at securing a dual listing on the Abu Dhabi Securities Exchange (ADX) and potentially raising up to $250 million from GCC-based institutional investors. While progress has been made in UAE discussions for the dual listing, it may take additional months to complete. The planned capital raise would likely follow this listing. Additionally, Nomas recently rescinded an acquisition of Diginex warrants back to Rhino Ventures Limited, an action that does not affect the intentions outlined in the MOU. Diginex continues to receive support from His Highness and Nomas in their efforts to expand in the UAE and GCC.
Potential Positives
- Diginex is in the process of pursuing a dual-listing of its securities on the Abu Dhabi Securities Exchange (ADX), which could enhance its visibility and access to capital in the Gulf Cooperation Council (GCC) region.
- The potential capital raise of up to USD$250 million is aimed at large institutional investors based in the GCC, which could significantly strengthen Diginex’s financial position and support its growth initiatives.
- His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan and Nomas Global Investments remain active supporters of Diginex, indicating strong backing and potential for collaboration in the UAE and GCC markets.
Potential Negatives
- The process for securing a dual-listing on the Abu Dhabi Securities Exchange is taking longer than expected, which may delay business expansion and capital raising efforts in the Gulf Cooperation Council region.
- The decision to rescind the acquisition of Diginex warrants by Nomas could signal a lack of confidence or restructuring in investment strategies among key investors.
FAQ
What is the purpose of the MOU between Diginex and Nomas Global Investments?
The MOU aims to secure a dual-listing of Diginex’s securities on the ADX and facilitate a potential capital raise of up to USD$250 million.
How long will the dual-listing process on the ADX take?
The dual-listing process is ongoing and may take a few more months or longer to complete successfully.
What are Diginex's main offerings as a Sustainability RegTech provider?
Diginex provides solutions for streamlined ESG, climate, and supply chain data collection and reporting using advanced technologies like blockchain and AI.
Who are the main stakeholders involved in Diginex’s capital raise?
The main stakeholders include His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan and Nomas Global Investments, both of whom support Diginex.
What happens to the Diginex warrants previously held by Nomas?
The Diginex warrants held by Nomas will revert back to Rhino Ventures Limited effective August 22, 2025, as per mutual consent.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
LONDON, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (“Diginex”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today provided an update on its Memorandum of Understanding (“MOU”) between the Company and Nomas Global Investments LLC S.P.C, a solely owned SPV of His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan of Abu Dhabi’s Royal Family (“Nomas”), 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 (GCC) 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 (“UAE”) 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. His Highness and Nomas remain active supporters of Diginex and are currently working to assist Diginex to get listed on the ADX and to expand its business in the UAE and GCC.
In May 2025, in a separate transaction, Nomas acquired Diginex warrants to acquire 6.75 million ordinary shares from Rhino Ventures Limited, an entity owned and controlled by Miles Pelham, the Chairman of Diginex. By mutual consent Rhino Ventures Limited and Nomas have decided to rescind the acquisition of the Diginex warrants, effective August 22, 2025. Accordingly, Diginex warrants previously held by Nomas will revert back to Rhino Ventures Limited. The return of warrants has no impact to the actions or intent detailed in the MOU and as noted above His Highness and Nomas remain active supporters of Diginex.
About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.
The award-winning diginexESG platform supports 19 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.
For more information, please visit the Company’s website:
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC.
Diginex
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