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IPO News

ADNOC Drilling owns and operates 96 rigs
9 May 02:00 PM ADNOC invites banks to bookrunner roles for drilling unit IPO
UAE - Mubasher: Abu Dhabi National Oil Company (ADNOC) has invited investment banks to help arrange the initial public offering (IPO) of ADNOC Drilling through their bookrunner roles, sources told Reuters. One of the sources referred that …
The company’s capital will be distributed over 600 million shares
5 May 11:55 AM EGX approves dual listing of Integrated Diagnostics Holdings
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved the dual listing of the shares of Integrated Diagnostics Holdings (IDH) with an issued capital of $150 million. The company’s capital will be distributed over 600 million …
Al Yah Satellite Communications Company provides services in more than 150 countries
2 May 03:33 PM Mubadala hires banks to advise on IPO of Yahsat
Abu Dhabi – Mubasher: Abu Dhabi-headquartered Mubadala Investment Co. has hired Bank of America and Morgan Stanley as advisors for a potential initial public offering (IPO) of Al Yah Satellite Communications Company (Yahsat), Bloomberg reported on …
China Investment Corporation is among potential investors - (Photo Archive)
29 April 03:44 PM Chinese investors interested in Aramco stake
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) is receiving interest from major Chinese investors who are reportedly in talks to acquire a stake in the oil giant, Reuters first reported. The news comes shortly after the Saudi …
Noor Sweid, Founder and General Partner, Global Ventures
29 April 12:57 PM Startup Lounge: Health, edutech investments to flourish after pandemic – Noor Sweid
By: Ingy ElSafy Mubasher: The Middle East carries plenty of appeal for regional and international investors due to the favourable macroeconomic fundamentals that underpin these markets. Meanwhile, the sectors that have witnessed increased …
Tadawul is expected to choose one local bank and up to two international banks
22 April 01:15 PM Saudi Tadawul Group shortlists banks for IPO
Riyadh – Mubasher: Saudi Tadawul Group has narrowed its choices of six local and foreign banks to act as advisors for the financial market company’s upcoming initial public offering (IPO), Reuters reported. The securities unit of Saudi National …
Board says greater returns can be achieved from the current growth strategy
15 April 11:11 AM UAE's Tristar Transport to withdraw from planned IPO on DFM
Mubasher: The board and shareholders of the UAE-based Tristar Transport, a 65.12%-owned subsidiary of Agility Public Warehousing, have decided to withdraw from the planned initial public offerings (IPO) on the Dubai Financial Market (DFM). This …
The public offering was oversubscribed by 29.38 times
12 April 12:40 PM StonePine announces listing of Taaleem's shares at EGP 4.2bn
Cairo – Mubasher: StonePine ACE Partners announced that its portfolio company Taaleem Management Services listed its shares on the Egyptian Exchange (EGX) at a valuation of EGP 4.2 billion ($267 million), which represents a doubling in …
Fertiglobe was established in 2019
12 April 12:02 PM ADNOC, Dutch-listed OCI eye IPO for fertiliser joint venture
UAE – Mubasher: Abu Dhabi National Oil Company (ADNOC) and the Netherlands-based OCI, a producer of natural gas-based fertilisers and industrial chemicals, are considering an initial public offerings (IPO) for their fertiliser joint venture …
The determining factor in the decision is the market’s capacity to absorb multiple offerings
12 April 11:03 AM Macro Capital delays IPO
Cairo – Mubasher: Macro Pharmaceuticals Group (Macro Capital) announced the postponement of its initial public offering (IPO) on the Egyptian Exchange (EGX). After coordinating and consulting with regulatory authorities, the company decided to …
Saudi Tadawul Group will become the parent company of four subsidiaries
7 April 03:40 PM Tadawul becomes Saudi Tadawul Group ahead of IPO
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced on 7 April its transformation into a holding group structure, dubbed Saudi Tadawul Group, signalling its readiness for the initial public offering (IPO) in 2021. Saudi Tadawul Group …
The company has priced its share at a maximum value of EGP 6.15.
6 April 12:32 PM FRA approves Macro Capital's IPO prospectus
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of the initial public offering (IPO) prospectus of Macro Pharmaceuticals Group (Macro Capital). The prospectus includes the offering of up to 264.51 …
The IPO will include 199 million new shares issued by Tristar
4 April 03:46 PM Dubai's Tristar Transport sets IPO price range
Mubasher: The Dubai-headquartered logistics firm Tristar Transport, a 65.12% subsidiary of Agility Public Warehousing, has set a price range for its planned initial public offering (IPO) on the Dubai Financial Market (DFM) at AED 2.20 to AED 2.70 …
Investors have placed orders for 525.616 million shares
1 April 05:56 PM Taaleem's IPO oversubscribed by 29.38 times
Cairo – Mubasher: The Egyptian Exchange (EGX) announced that the initial public offering of (IPO) of Taaleem Management Services has been oversubscribed by 29.38 times. Investors have placed orders for 525.616 million shares at a value of EGP 5.75 …