Diginex Provides Update on MOU for ADX Dual Listing, Potential Capital Raise, and Regional UAE and GCC Expansion

Rhea-AI Summary

Diginex (NASDAQ: DGNX), a Sustainability RegTech solutions provider, has provided an update on its March 2025 MOU with Nomas Global Investments, owned by UAE Royal Family member His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan. The MOU covers three key initiatives: a dual-listing on the Abu Dhabi Securities Exchange (ADX), business expansion in the GCC region, and a potential $250 million capital raise.

While the ADX listing process continues, it faces delays of several months. The planned capital raise is now expected to follow the ADX listing completion. Additionally, a warrant transaction between Nomas and Rhino Ventures Limited for 6.75 million ordinary shares has been rescinded, with the warrants returning to Rhino Ventures Limited.

Positive

• Potential $250 million capital raise from GCC institutional investors
• Planned expansion into UAE and GCC markets
• Continued support from UAE Royal Family member and Nomas Global Investments
• Strategic dual-listing opportunity on Abu Dhabi Securities Exchange

Negative

• Delays in ADX listing process by several months
• Capital raise postponed until after ADX listing completion
• Rescission of warrant transaction for 6.75 million shares

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:

https://www.diginex.com/.

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
Investor Relations
Email: ir@diginex.com

IR Contact - Europe
Anna Höffken
Phone: +49.40.609186.0
Email: diginex@kirchhoff.de

IR Contact - US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global

IR Contact - Asia
Shelly Cheng
Strategic Financial Relations Ltd.
Phone: +852 2864 4857
Email: sprg_diginex@sprg.com.hk

FAQ

What is the status of Diginex's (DGNX) dual listing on Abu Dhabi Securities Exchange?

The ADX listing process is ongoing but faces delays of several months or longer before completion.

How much capital does Diginex plan to raise from GCC investors?

Diginex plans to raise up to $250 million from large institutional investors in the GCC region, following the completion of its ADX listing.

What happened to the Diginex warrant transaction with Nomas Global Investments?

The warrant transaction for 6.75 million ordinary shares between Nomas and Rhino Ventures Limited has been rescinded, with the warrants returning to Rhino Ventures.

Who is supporting Diginex's expansion in the UAE and GCC?

His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan of Abu Dhabi's Royal Family, through Nomas Global Investments, remains an active supporter of Diginex's regional expansion.

When was the original MOU between Diginex and Nomas signed?

The Memorandum of Understanding (MOU) between Diginex and Nomas Global Investments was signed on March 17, 2025.