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08 May 03:14 PM

IPO News

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2 May 03:20 PM Fakeeh Care unveils offer price range for Tadawul IPO
Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) set the price range for its initial public offering (IPO) on the Saudi Exchange (Tadawul) between SAR 53 and SAR 57.50 per share. The offering will imply a …
Trading Activities
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2 May 02:01 PM Spinneys announces final IPO price for DFM listing
DFM – Mubasher: Spinneys 1961 Holding completed the bookbuilding and public subscription process for its initial public offering (IPO) on the Dubai Financial Market (DFM), setting the final offer price at AED 1.53 per share. The IPO raised offer …
Initial Public Offerings
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1 May 05:30 PM SMASCO to float 30% of share capital on Tadawul; selling shareholders to obtain proceeds
Riyadh – Mubasher: Saudi Manpower Solutions Company (SMASCO) announced its intention to proceed with the initial public offering (IPO) and listing of 120 million ordinary shares on the Saudi Exchange (Tadawul). SMASCO noted, on 29 April 2024, that …
Trading Activities
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1 May 03:09 PM DFM launches ARENA platform for MENA companies, investors
Dubai– Mubasher: Dubai Financial Market (DFM) has launched ARENA, an innovative platform for initial private offerings. ARENA by DFM will support the growth of companies and investors in the Middle East and North Africa (MENA) region through …
Initial Public Offerings
Mostafa Abdelaziz, Managing Partner at Act Financial
1 May 01:52 PM Act Financial plans EGX listing in Q2-24 after decade of continuous work – Abdelaziz
By: Abdel Razek El-Showeikhy Cairo – Mubasher: Act Financial is in negotiations to acquire equities in four companies that plan to list their shares on the Egyptian Exchange (EGX), Managing Partner Mostafa Abdelaziz told Mubasher in an interview. …
Global Economy
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28 April 02:53 PM WEE secures $10m funding round, unveils IPO plans in MENA
UAE – Mubasher: UAE-based e-commerce startup WEE has raised a pre-Series A round valued at $10 million from SIG Investment, according to a press release. The latest investment propels WEE's valuation to $40 million, which will help the platform …
Initial Public Offerings
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28 April 12:12 PM EGX greenlights listing Act Financial
Cairo - Mubasher: The Egyptian Exchange (EGX) has approved listing investment company Act Financial under ticker ACTF.CA. Act Financial is looking forward to finalising the initial public offering (IPO) within the second quarter (Q2) of 2024, …
Trading Activities
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24 April 07:35 PM Fakeeh Care plans IPO on Tadawul’s Main Market
Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group) intends to proceed with the initial public offering (IPO) and listing of 49.80 million ordinary shares on the Saudi Exchange (Tadawul). Fakeeh Care plans to …
Companies Investments
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23 April 09:46 AM Spinneys unveils price range for IPO on DFM, expansion plans
UAE – Mubasher: Spinneys 1961 Holding set the price range for its initial public offering (IPO) on the Dubai Financial Market (DFM) between AED 1.42 and AED 1.53 per Share. The IPO will imply a market cap at the time of listing of between nearly …
Global Economy
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18 April 05:48 PM Watheeq Capital unveils offering price for Qomel
Riyadh - Mubasher: Watheeq Capital, the financial advisor for the Initial Public Offering (IPO) of Qomel Company on the Parallel Market (Nomu), disclosed its offering price to be SAR 80 per share. Subscription for the offering is scheduled to take …
Initial Public Offerings
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17 April 05:46 PM eXtra’s subsidiary to offer 30% of capital for Tadawul’s subscription
Riyadh – Mubasher: The shareholders of United Electronics Company (eXtra) agreed for the subsidiary United International Holding Company to offer shares on the Saudi Exchange (Tadawul), according to a bourse disclosure. The approval, which was …
Management Decisions
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4 April 11:45 AM Riyad Bank starts assessing potential IPO of Riyad Capital
Riyadh – Mubasher: Riyad Bank’s board decided to start the assessment and preparation of a possible Initial Public Offering (IPO) and listing of its subsidiary, Riyad Capital, on the Main Market of the Saudi Exchange. The bank announced that it …
Initial Public Offerings
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1 April 03:02 PM CMA greenlights IPO of Dr. Soliman Abdul Kader Fakeeh
Riyadh – Mubasher: The Capital Market Authority (CMA) passed the initial public offering (IPO) of Dr. Soliman Abdul Kader Fakeeh Hospital Company to trade shares on the Saudi Exchange (Tadawul). The company intends to float 49.80 million shares, …
Trading Activities
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26 March 02:59 PM CMA greenlights IPO of fintech company Rasan
Riyadh – Mubasher: The Capital Market Authority (CMA) approved, on 25 March, the initial public offering (IPO) of Rasan Information Technology Company to trade shares on the Saudi Exchange (Tadawul). The fintech company plans to float 22.74 …
Companies Investments
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21 March 12:34 PM CMA nods to Nomu listing, IPO of 2 companies
Riyadh – Mubasher: The Capital Market Authority (CMA) greenlighted the request of Al Ashghal Almoysra Company to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Al Ashghal Almoysra plans to trade 480,000 shares, …
Management Decisions
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20 March 11:44 AM Valu mulls offering 25% stake on Egyptian Exchange – CEO
Cairo – Mubasher: Fintech company Valu, a subsidiary of EFG Holding Company, is considering an initial public offering (IPO) of 25% of its shares on the Egyptian Exchange within the next 12 months, revealed Walid Hassouna, CEO of Valu, in an …
Initial Public Offerings
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19 March 11:44 AM ADX teams up with Eureeca to expand IPOs globally
UAE – Mubasher: Abu Dhabi Securities Exchange (ADX) partnered with Eureeca, a global investment platform with a presence in Europe, to expand access to global investors to initial public offerings (IPOs) ADX and Eureeca will build on the …
Initial Public Offerings
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14 March 01:38 PM Parkin raises AED 1.6bn from IPO; final offering price unveiled
Dubai – Mubasher: Parkin Company has concluded the bookbuild process for its initial public offering (IPO), setting the final offer price at AED 2.10 per share. The transaction will result in AED 1.57 billion ($428.69 million) of gross proceeds …
Trading Activities
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5 March 12:38 PM Investcorp leads $130m pre-IPO investment round for Saudi Arabia’s Salla
Mubasher: Investcorp, a Bahrain-based alternative asset manager, has led a $130 million pre-IPO investment round in Salla, a Saudi Arabian SaaS e-commerce enablement platform. Sanabil Investment, a wholly owned company by Saudi Arabia’s Public …
Companies Investments
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4 March 01:03 PM ADQ reportedly mulls IPO for Etihad Airways
UAE – Mubasher: Abu Dhabi-based investment and holding firm ADQ is studying the initial public offering (IPO) of Etihad Airways to be the first publicly traded carrier in the GCC. ADQ is in talks with banks to launch the IPO in 2024, according to …
Initial Public Offerings
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21 February 09:28 PM Saudi Arabia’s IPOs average $450m on NTP – anb Capital CEO
Riyadh – Mubasher: The National Transformation Program (NTP) adopted by Saudi Arabia has resulted in increasing the average size of initial public offerings (IPO) to $450 million from $367 million, Khalid Al Ghamdi, CEO of anb Capital, stated …
Initial Public Offerings
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21 February 07:26 PM Saudi Arabia’s IPO pipeline soars 30% in one year - ElKuwaiz
Riyadh – Mubasher: The number of initial public offerings (IPOs) in the pipeline across the Saudi Exchange’s (Tadawul) Main market and the Nomu-Parallel market has surged 30% year-on-year (YoY) to 56, compared to the year before, said Mohammed …
Event
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20 February 12:22 PM Nahr Elkhair to initiate subsidiary listing procedures in March
Cairo – Mubasher: Al Khair River for Development Agricultural Investment and Environmental Services Company (Nahr Elkhair) announced that it plans to submit the documents required for listing its subsidiary Al Ahly Group for Modern Agriculture to …
Initial Public Offerings
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19 February 10:49 AM GFH hires SNB Capital to manage cross-listing on Tadawul
Mubasher: GFH Financial Group signed a financial advisory service agreement with SNB Capital, a subsidiary of the Saudi National Bank (SNB), to manage the GFH’s application for cross-listing on the Saudi Exchange (Tadawul). The cross-listing will …
Initial Public Offerings
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18 February 07:06 PM Quara Finance concludes Nomu offering at SAR 15/shr
Riyadh - Mubasher: Quara Finance Company has completed the initial public offering (IPO) of 2.65 million shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) to qualified investors at SAR 15 per share. The coverage rate of the …
Initial Public Offerings