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16 September 11:23 AM Fourth Milling unveils price range for Tadawul IPO
Riyadh – Mubasher: Fourth Milling Company has set the price range for its initial public offering (IPO) between SAR 5 and SAR 5.30 per share, according to a press release. The group commenced the institutional book-building period for …
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11 September 08:34 AM Arabian Mills’s IPO generates SAR 134.1bn orders; final price announced
Riyadh – Mubasher: Arabian Mills for Food Products Company completed the institutional book building period for its initial public offering (IPO), setting the final price at SAR 66 per share. The company set the price range for its IPO between SAR …
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9 September 05:04 PM PayTabs targets over SAR 200bn in payment volumes to drive MENA’s economy
Riyadh – Mubasher: PayTabs Group plans to exceed SAR 200 billion in payment processing volumes by 2025, according to a statement in line with the 24 Fintech event that was held in Saudi Arabia for three days last week. The set target aligns with …
Khalid Al Maktary, CEO of Fourth Milling
9 September 09:55 AM Fourth Milling to float 30% of share capital on Tadawul
Riyadh – Mubasher: Fourth Milling Company plans to proceed with an initial public offering (IPO) to list its ordinary shares on the Main Market of the Saudi Exchange (Tadawul), according to a press release. The Capital Market Authority (CMA) …
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8 September 09:47 AM NMDC Energy’s IPO attracts gross demand of AED 88bn
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has closed the initial public offering (IPO) of NMDC Energy, which was oversubscribed by 31.3 excluding cornerstone. The offering attracted investor interest, generating a total gross …
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4 September 11:31 AM Al Majed for Oud announces final IPO price for Tadawul listing
Riyadh – Mubasher: Al Majed for Oud Company completed the book-building process for participating entities, settling the final price for its Initial offering price (IPO) at SAR 94 per share. The coverage ratio amounted to 15,646% of the total …
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1 September 01:15 PM Arabian Mills unveils IPO price range for Tadawul listing, offering timeline
Riyadh – Mubasher: Arabian Mills for Food Products Company announced the commencement of the institutional book-building period on 1 September 2024 as well as the price range for its initial public offering (IPO) at SAR 62-66 per share. The …
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29 August 12:31 PM NMDC Energy obtains regulatory nod for IPO on ADX
Abu Dhabi – Mubasher: National Marine Dredging Company (NMDC) has received approval from the Securities and Commodities Authority (SCA) and the Abu Dhabi Securities Exchange (ADX) to proceed with an Initial Public Offering (IPO) of a portion of …
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26 August 01:09 PM Al Majed for Oud unveils price range for Tadawul IPO
Riyadh – Mubasher: Al Majed for Oud Company set the price range for its initial public offering (IPO) between SAR 90 and SAR 94 per share, according to a press release. The Saudi firm commenced the institutional book-building period for …
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21 August 04:21 PM Saudi Arabian Mills to go public; NADEC is part of process
Riyadh – Mubasher: Arabian Mills for Food Products Company intends to proceed with an initial public offering (IPO) on the Saudi Exchange (Tadawul), according to the company’s announcement on 21 August 2024. The Saudi flour milling company plans …
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21 August 03:03 PM Al Majed for Oud to float 30% shares on Tadawul
Riyadh – Mubasher: Almajed for Oud Company plans to proceed with an initial public offering (IPO) and the listing of its ordinary shares on the Saudi Exchange’s Main Market (Tadawul). The Capital Market Authority (CMA) greenlighted the company’s …
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30 July 09:01 AM NIP Group unveils largest entertainment IPO on NASDAQ
Mubasher: NIP Group Incorporation, a leading esports organisation, has priced its initial public offering (IPO) of 2.25 million American depositary shares (ADSs) at $9.00 per ADS, according to a press release. The total offering size stood at …
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22 July 10:25 AM Pure Health completes Ardent’s IPO on New York Stock Exchange
Abu Dhabi – Mubasher: Pure Health Holding has concluded the initial public offering (IPO) of its subsidiary Ardent Health Partners on the New York Stock Exchange (NYSE). Ardent Health offered 14.30 million shares of its common stock at $16 per …
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15 July 11:43 AM GCC companies IPO proceeds shrink 32% YoY in H1-24 – Markaz
Mubasher: The GCC raised $3.60 billion through 23 initial public offerings (IPOs) in the first half (H1) of 2024, a 32% year-on-year (YoY) drop from $5.30 billion raised through 21 offerings in the comparative period of 2023, according to a report …
Hany Hamdy, Managing Director at MubasherTrade Egypt
3 July 01:27 PM Act Financial IPO highlights Egyptian market’s attraction – MubasherTrade’s Hamdy
By: Hady El-Essawy Cairo – Mubasher: Floating the shares of Act Financial on the Egyptian Exchange (EGX) confirms the market’s ability to attract more companies, Hany Hamdy, Managing Director at MubasherTrade Egypt, told Mubasher news portal. …
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3 July 01:07 PM Act Financial eyes EGP 1bn investment in 3 listed companies – Zilla Capital’s El-Shenety
By: Hady El-Essawy Cairo – Mubasher: The offering of Act Financial has registered a great demand from investors, said Mustafa El-Shenety, Head of the Investment Banking Sector at Zilla Capital, the manager of the initial public offering (IPO). In …
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2 July 03:43 PM Act Financial seeks stakes in real estate, logistics companies – Managing Partner
By: Abdel Razek El-Showeikhy Cairo – Mubasher: Act Financial is planning to acquire stakes in real estate, healthcare, and logistics companies, Managing Partner Mostafa Abdelaziz told Mubasher in an interview. The company is finalising procedures …
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1 July 11:07 AM CMA greenlights IPO of extra’s unit
Riyadh – Mubasher: The Capital Market Authority (CMA) passed, on 29 June, the initial public offering (IPO) of United International Holding Company to float its shares on the Saudi Exchange (Tadawul). The firm, a subsidiary of United Electronics …
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27 June 04:59 PM ADCB’s Al Hilal Bank collaborates with ADX to launch service for IPOs
Abu Dhabi – Mubasher: Al Hilal Bank, a subsidiary of the Abu Dhabi Commercial Bank (ADCB) Group has teamed up with Abu Dhabi Securities Exchange (ADX) to initiate instant subscriptions to all Sharia-compliant initial public offerings (IPOs) on the …
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25 June 12:34 PM Saudi CMA nods for Arabian Mills IPO
Riyadh – Mubasher:  National Agricultural Development Company (Nadec) has announced that the Saudi Capital Market Authority (CMA) approved the registration and public offering of 15.39 million shares of Arabian Mills for Food Products, …
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24 June 11:57 AM MubasherTrade Research initiates coverage on Act Financial's FV ahead of EGX listing
Cairo - Mubasher: Act Financial plans to float 360 million shares, representing 47% of its share capital, on the Egyptian Exchange (EGX) after obtaining the authority’s approval last April. The company will increase its capital by issuing 360 …
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12 June 10:10 AM Saudi government raises SAR 42.1bn in Aramco’s 2nd IPO
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) has completed the secondary public offering of ordinary shares by the government, setting the final offer price at SAR 27.25 per share. The initial public offering (IPO) raised gross proceeds …
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4 June 11:31 AM CMA nods to Nomu listing, IPO of 2 companies
Riyadh – Mubasher: The Capital Market Authority (CMA) passed the request of Tharwa HR Company to float its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Tharwa HR plans to list 705,735 shares, representing 15% of its share …
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2 June 10:14 AM Alef Education raises 1st tranche of IPO on high demand
UAE – Mubasher: Alef Education Holding has increased the size of the first tranche of its initial public offering (IPO) due to substantial investor demand. Following approval from the UAE's Securities and Exchange Authority (SCA), the selling …
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29 May 08:01 AM Yaqeen Capital announces offering price for Nomu listing
Riyadh - Mubasher: Yaqeen Capital Company settled the final price for its initial public offering (IPO) on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) at SAR 40 per share. Alinma Investment Company, the financial advisor for the …