IPO News

The Egyptian Exchange (Photo credit: Mubasher)
20 April 03:45 PM Raya Contact Center IPO covered 10.36 times
Cairo – Mubasher: The Egyptian Exchange (EGX) said Thursday that the initial public offering (IPO) of Raya Contact Center was covered 10.36 times. Total purchase orders amounted to 50.7 million shares, according to a statement. The company had …
(Photo Credit: Arabianeye-Reuters)
17 April 03:31 PM Azizi Developments rules out UAE IPO at present
Dubai – Mubasher: It will be hard to launch an initial public offering (IPO) for Azizi Developments  in the UAE at the present as the company is still considered a family business, AlBayan newspaper reported on Monday, citing the company's CEO. …
Photo Credit: Arabianeye-Reuters
11 April 05:52 PM Egyptian public firms’ IPOs specified at 15%-30%
By: Mostafa Adel Cairo - Mubasher: The chairman of Ayadi Company for Development and Investment, Osama Saleh, said that the stakes of the awaited public companies’ initial public offerings (IPOs) has been set between 15% and 30%. Saleh added on …
(Photo Credit: Arabianeye-Reuters)
11 April 03:48 PM KSA, oil giants put heads together ahead of Aramco IPO
Riyadh - Mubasher: In an attempt to diversify investments in the field, Saudi Arabia is discussing investment opportunities in the oil and gas sector with major international companies, including BP, Chevron, and Eni, Reuters reported on Tuesday. …
The stock of MM Group will be traded on the EGX starting Tuesday - (Photo Archive)
9 April 03:48 PM Trading on MM Group to begin 11 April - EGX
Cairo - Mubasher: The Egyptian Exchange (EGX) said that trade on the stock of MM Group will begin in Tuesday’s session, with an opening price of EGP 5.96 per share. The bourse said in a statement on Sunday that the special transactions market will …
(Photo archive)
6 April 05:36 PM MM Group IPO oversubscribed 19 times
Cairo – Mubasher: MM Group’s initial public offering (IPO) has been oversubscribed 19 times, the institutional clients account manager in Mubasher International stated. The offers’ volume reached 343.38 million shares by the end of Thursday, …
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6 April 09:28 AM Emirates NBD REIT completes its IPO
Abu Dhabi - Decypha: Emirates NBD’s (ENBD) real estate investment trust’s (REIT) initial public offering (IPO) has been completed, Arabian Business reported. The investment banking division of Emirates NBD, Emirates NBD Capital (EMCAP), oversaw …
(Photo Credit: Company Press Release)
5 April 11:00 AM Emirates NBD Capital finalises UAE’s first IPO in 2017
Dubai – Mubasher: Emirates NBD Capital (EmCap) has completed its role in the IPO of Emirates NBD REIT, which listed its shares on Nasdaq Dubai on 23 March 2017, according to a statement. ENBD REIT issued 94.59 million ordinary shares at a price of …
Photo Credit: Arabianeye-Reuters
4 April 01:24 PM KSA, UAE investors dominate orders for MM Group IPO
By: Ahmed Allam Cairo - Mubasher: The head of the brokerage department at Beltone Financial Holding, which is managing MM Group’s initial public offering (IPO), said that Saudi and Emirati investors accounted for 42% of the requests for the IPO. …
(Photo Credit: Arabianeye-Reuters)
30 March 12:21 PM Aramco officially hires 3 banks to manage IPO - Agency
Riyadh – Mubasher: Saudi Aramco has officially appointed JPMorgan Chase & Co, Morgan Stanley, and HSBC as international financial advisors for its initial public offering (IPO), sources told Reuters on Thursday. The news agency added that the …
Aramco
29 March 08:43 AM Saudi Arabia sweetens huge Aramco IPO with tax cut
Riyadh – Decypha: The government of Saudi Arabia decided to reduce the income tax paid by Saudi Arabian Oil Company, known as Saudi Aramco, to boost the prospects of the company’s planned initial public offering (IPO). A royal decree has decreased …
The Egyptian Exchange - (Photo Credit: Mubasher Archive)
28 March 03:28 PM Egypt to list 24% of Enppi - Chairman
Cairo - Mubasher: The chairman of Engineering for Petroleum and Process Industries (Enppi) said that the company has received the approval to proceed with the required actions to list 24% of the company’s shares on the stock exchange. Mohamed …
The company’s capital amounts to AED 100 million (Photo Credit: Arabianeye-Reuters)
27 March 11:15 AM United Insurance to launch rights issue late April
Abu Dhabi – Mubasher: United Insurance Company (UIC) said subscription to its AED 100 rights issue will be on 26 April, according to a statement. A total of rights issue worth AED 25 million, representing 25% of UIC’s capital, will be offered to …
(Photo Credit: Tadawul website)
26 March 11:33 AM Musharaka Capital to manage Saud Al Qahtany listing on Nomu
Riyadh – Mubasher: Saud Al Qahtany Auction Company hired Musharaka Capital Company as the financial advisor for the offering and listing of its shares on the Saudi Nomu-Parallel Market. The company said that it will contact qualified investors to …
Photo Credit: Arabianeye-Reuters
23 March 07:14 PM Nasdaq Dubai seeks to attract Egyptian listings
By: Amr Adel Dubai – Decypha: Nasdaq Dubai is highly interested in attracting local Egyptian companies to offer their shares for initial public offerings (IPO), the CEO of Nasdaq Dubai, Hamed Ali, reported Decypha. Egypt is one of the important …
Press Conference held on the sideline of listing ENBD REIT's shares (Photo Credit: Mubasher)
23 March 07:06 PM ENBD REIT seeks to raise property assets to $1bn – CEO
By: Amr Adel Dubai – Decypha: ENBD REIT targets to increase the volume of its real estate assets from $400 million to $1 billion in the coming four years, CEO Tariq Bin Hendi told Decypha. The company allocated $180 million to finance acquisitions …
The volume of sukuk listings is expected to rise in the coming weeks (Photo Credit: Arabianeye-Reuters)
23 March 06:39 PM Nasdaq Dubai receives listing requests from regional firms
By: Amr Adel Dubai – Decypha: Nasdaq Dubai received new listing requests from companies in the Middle East and North Africa (MENA), according to chief executive Hamed Ali. There are continuous talks with a number of companies, with expectations …
ENBD REIT is managed by Emirates NBD Asset Management. (Photo Credit: Arabianeye-Reuters)
23 March 01:04 PM Trading on ENBD REIT’s shares on Nasdaq Dubai starts
Dubai – Mubasher: Trading on ENBD REIT’s shares began on Thursday, following its $105 million initial public offering (IPO) on Nasdaq Dubai, according to a statement. ENBD REIT is a Sharia-compliant Real Estate Investment Trust (REIT) managed by …
One of EGA's factories (Photo Credit: Company Website)
22 March 09:49 AM Emirates Global Aluminium confirms IPO plans
By: Amr Adel Dubai – Mubasher: Emirates Global Aluminium (EGA) confirmed its planned IPO, according to a statement. The IPO step is still under study, yet the company did not determine the volume of shares that will be offered for sale or the …
(Photo credit: Company Website)
22 March 07:09 AM EGA plans IPO in 2017 – Agency
Abu Dhabi – Mubasher: Emirates Global Aluminium (EGA), one of the world's top five producers, invited banks to compete for a role in its planned IPO, Reuters reported. The company's IPO would happen later this year on either the Dubai Financial …
Photo Credit: Arabianeye-Reuters
21 March 06:47 PM Saudi Aramco to issue $2bn sukuk before awaited IPO
Riyadh - Mubasher: Saudi Aramco is seeking to raise about $2 billion in its debut bond sale, sources told Bloomberg on Tuesday. The company will sell SAR Islamic bonds (sukuk) in the second quarter of 2017, according to Bloomberg, which indicated …
Emirates NBD - (Photo Credit: Arabianeye-Reuters)
21 March 06:39 PM ENBD REIT announces offer price of $1.11/shr
Dubai - Mubasher: ENBD REIT, a Sharia-compliant real estate investment trust managed by Emirates NBD Asset Management, has set the price for the intended offer of its ordinary shares at $1.11 per ordinary share. This comes following strong demand …
(Photo Credit: Arabianeye-Reuters)
15 March 06:02 PM MSM expects 7 IPOs in 2017 - Interview
By: Amr Adel Dubai – Mubasher: It is expected that six to seven companies will launch initial public offerings (IPOs) on the Muscat Securities Market (MSM) in 2017, the bourse’s director general Ahmed Saleh Al Marhoon told Mubasher in an interview …
(Photo Credit: Company website)
14 March 12:52 PM Olayan Financing studies offering local assets for subscription – Agency
Riyadh – Mubasher: Saudi Olayan Financing Co is considering selling shares in some of its local assets, according to Bloomberg on Tuesday. Olayan’s spokesperson said that the company, which controls the family’s investments in the Middle East, may …
(Photo Credit: Company website)
14 March 12:01 PM Samnan Holding to offer 30% of shares for IPO
Riyadh – Mubasher: Samnan Trading and Maintenance Company said that it intends to offer 30% of its total shares for the initial public offering (IPO). The company added that it hired Alawwal Invest as the financial advisor and the IPO manager, …