IPO News

(Photo archive)
27 February 08:38 AM Part of King Fahd Airport to be offered for subscription – GACA
Riyadh – Mubasher: Saudi General Authority of Civil Aviation (GACA) said that a part of King Fahd International Airport Company will be offered for subscription in the future. Privatizing King Fahd International Airport in Dammam is not the first …
The Dubai Financial Market (Photo credit: Arabianeye - Reuters)
21 February 09:26 AM Al Gurg Group rules out listing plans
Dubai – Mubasher: Easa Saleh Al Gurg Group has no plans to list the company on the Dubai Financial Market (DFM), group general manager Abdulla Al Gurg said according to Alkhaleej newspaper. Al Gurg expected a slower pace of growth with the …
(Photo credit: Arabianeye - Reuters)
20 February 10:25 AM Tadawul to list 7 firms on Nomu on 26 February
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is preparing to list seven companies on Nomu - Parallel Market on 26 February. The firms will be listed after obtaining approval from the Capital Market Authority (CMA) and completing all the …
(Photo credit: Company Website)
19 February 12:06 PM Al Samaani's shares oversubscribed by 166%
Riyadh – Mubasher: BMG Financial Group, the financial advisor of the initial public offering (IPO) of Al Samaani Metal Industries Factory Company, announced that the company's shares have oversubscribed by 166% by pre-qualified investors. The …
Nakheel's total value of projects is expected to rise to AED 25.5 billion in 2017,(Photo Credit: Mubasher)
19 February 11:35 AM Nakheel has no intention to launch IPO
Dubai – Mubasher: Nakheel Properties does not consider or plan to launch an initial public offering (IPO) on UAE stock markets, or issue any bonds or sukuk, Al Khaleej newspaper reported. The developer’s projects under construction stand at a …
The ADX did not witness any new listings last year (Photo Credit: Arabianeye-Reuters)
19 February 09:26 AM ADX likely to see new listing soon
Abu Dhabi – Mubasher: An Arab joint stock company will be dual listed on the Abu Dhabi Securities Exchange (ADX), Al Ittihad newspaper quoted the bourse’s chief executive Rashed Al Baloushi. The market’s management finished all discussions related …
The Abu Dhabi Securities Exchange (ADX) did not witness any listings last year (Photo Credit: Mubasher)
15 February 12:07 PM UAE stock markets to see IPOs in 2017
By: Ramy Sameeh Abu Dhabi – Mubasher: The UAE stock markets are likely to see initial public offerings (IPOs) in 2017, according to Obaid Al-Zaabi, CEO of Securities and Commodities Authority (SCA). “We received many requests for new listings and …
(Photo archive)
12 February 09:46 AM Aramco's shares to be offered on external markets other than Tadawul – Minister
Riyadh – Mubasher: The shares of Saudi Aramco will be offered on the Saudi Stock Exchange (Tadawul) before the external markets, Saudi Minister of Investment Said. Majed Al Qasabi added that Tadawul cannot be adequate for the 5% which are planned …
(Photo archive)
8 February 02:43 PM KSA hires Jadwa Investment as advisor for privatisation of 5 soccer clubs
Riyadh – Mubasher: Saudi Arabia has appointed Jadwa Investment as an advisor for the privatisation of five soccer clubs in the Saudi Professional League, according to Reuters. In November, the government approved plans to turn state-owned sports …
(Photo Credit: Arabianeye-Reuters)
8 February 10:43 AM Aramco hires Moelis & Co. as IPO advisor
Aramco hires Moelis & Co. as IPO advisor Riyadh – Mubasher: Saudi Aramco appointed Moelis & Co. as the advisor for its initial public offering, Bloomberg reported on Wednesday. The news agency added that the chosen bank takes New York as its …
(Photo credit: Arabianeye - Reuters)
6 February 11:05 AM Food Development Ltd. to offer shares on Nomu
Riyadh – Mubasher: Food Development Co. Ltd. (FDC) announced issuing its prospectus for the initial public offering (IPO) on the parallel market – Nomu. The company intends to offer 250 million shares, representing 20% of capital. The IPO started …
(Photo credit: Arabianeye - Reuters)
2 February 11:32 AM Raydan Restaurants to offer shares on Nomu
Riyadh – Mubasher: Raydan Restaurants announced offering its shares in the parallel market – Nomu. The company intends to offer 6.75 million shares, representing 30% of capital which amounts to SAR 225 million. The subscription output will be …
(Photo credit: Arabianeye - Reuters)
1 February 12:50 PM Baazeem Trading to offer shares on Nomu
Riyadh – Mubasher: Baazeem Trading Co announced offering its shares in the parallel market – Nomu. The company intends to offer 3.04 million shares, representing 30% of capital which amounts to SAR 101.25 million. The offer will be confined to …
(Photo Credit: Arabianeye-Reuters)
31 January 11:48 AM Abo Moati Co. to launch IPO on parallel market on Tuesday
Riyadh – Mubasher: Abdullah Saad Mohammed Abo Moati Stationeries Co. will start on Tuesday its initial public offering (IPO) on the new parallel market, which will last for 10 days till 9 February. The company will offer 3.2 million shares on the …
The Kuwaiti government owns 10% stake in the project (Photo Credit: Mubasher)
31 January 11:24 AM Al Zour power plant IPO to be launched end 2017 – Minister
By: Ahmad Awad Kuwait – Mubasher: An initial public offering (IPO) for Az-Zour North Power plant – also known as Shamal Al Zour Al Oula Co. - will be launched by the end of 2017, according to the oil, electricity, and water minister of Kuwait, …
(Photo archive)
25 January 12:09 PM Aramco calls on banks to compete on advisory position in IPO
Riyadh – Mubasher: Saudi Aramco invited banks to compete on an advisory position in the world's biggest initial public offering (IPO), according to Reuters. The agency mentioned, citing sources, that Morgan Stanley and HSBC are among banks that …
IPOs totalled only three in the past five years (Photo Credit: Arabianeye-Reuters)
24 January 04:19 PM Three firms mull IPOs on Boursa Kuwait – Sources
By: Ahmad Awad Kuwait – Mubasher: Three companies have showed interest in launching initial public offerings (IPO) for their shares in the coming period, after Boursa Kuwait has revived, sources told Mubasher. The three firms has requested from …
Deputy Chairman and CEO of Marka, Khaled Al Muhairi - (Photo Credit: Press Release)
24 January 04:08 PM Marka plans to enter Saudi market this year - CEO
By: Amr Adel Dubai - Mubasher: The deputy chairman and CEO of Marka, Khaled Al Muhairi said on Tuesday that the company is planning to enter the Saudi market in 2017. Al Muhairi also told Mubasher on the sidelines of a press conference that this …
(Photo credit: Arabianeye - Reuters)
17 January 12:01 PM flynas to offer some shares on Tadawul
Riyadh – Mubasher: National Air Services (NAS) Holding will offer its subsidiary, flynas, for the initial public offering (IPO) as a next step, Ayed Al Jeaid, Chairman of NAS Holding Group, said. Al Jeaid added to Saudi Press Agency (SPA) on …
(Photo Archive)
16 January 03:52 PM Daman Investments delays IPO plans - Chairman
By: Amr Adel Dubai - Mubasher: The chairman and founder of Daman Investments said that the company has decided to postpone the plan to issue its stocks in the Dubai Financial Market (DFM) to after 2017. Shehab Gargash added in his speech on Monday …