Argaam Weekend | Suspension of a Two billion IPO

Not just a transient stop

29^thNovember 2025

● Rethinking Land Taxes in Saudi Arabia by proposing the split-rate system
● The curious case of Dubai’s Dubizlle last-minute IPO withdrawal
● With 174 years legacy, Can Western Union Weather the Arabian Gulf Fintech Storm

Topics of the Week

Rethinking Land Taxes in Saudi Arabia by proposing the split-rate system

In recent weeks, Riyadh has witnessed a notable decline in land values, particularly affecting large undeveloped parcels exceeding 5,000 meters. This downward trend has been, in significant part, attributed to the new taxation policy targeting land alone.

The curious case of Dubai’s Dubizlle last-minute IPO withdrawal

In a surprising turn of events, Dubai-based Dubizzle Ltd. abruptly postponed its much-anticipated initial public offering at the Dubai Financial Market—just one day before the bookbuilding process was set to kick off. Valued at an estimated $2 billion, this move has left both stock market analysts and investors alike scrambling for answers.

With 174 years legacy, Can Western Union Weather the Arabian Gulf Fintech Storm

Western Union's presence in the Middle East dates back to 2011, with a strong foundation built on a vast network of retail agent locations.
The UAE was the UAE first country in Middle East, Africa to offer Western Union's international business payments service.