IPO News

CMA warned investors that its approval should never be considered as a recommendation to subscribe in the fund
6 August 06:53 PM CMA nods to AlAhli MSCI Investment Fund IPO
Ryiadh – Mubasher: The Saudi Capital Market Authority (CMA) on Monday announced approved the initial public offer (IPO) by NCB Capital Company for AlAhli MSCI Saudi ETF. No further details concerning the start date or the value of the IPO were …
NI Capital to advise on Alexandria Container offering
5 August 01:23 PM NI Capital to advise on Alexandria Container offering
Cairo – Mubasher: Holding Co. for Maritime & Land Transport and the Alexandria Port Authority have decided to float 30% stake in Alexandria Container and Cargo Handling Co on the Egyptian Exchange (EGX) through a secondary offering. NI Capital …
Hassan Allam  has not decided yet the size of shares it will offer on the EGX
1 August 12:15 PM Hassan Allam mulls floating stake on EGX in Q4
Cairo – Mubasher: Hassan Allam Holding has not decided yet the size of shares it will offer on the Egyptian Exchange (EGX). The company could launch the initial public offering (IPO) on the Egyptian bourse during the fourth quarter of 2018, a top …
The company also targets a net profit of EGP 1.4 billion this fiscal year
31 July 02:35 PM Holding Co for Construction eyes EGP 19.2bn revenues in FY18/19
Cairo – Mubasher: Holding Company for Construction and Development is looking to generate EGP 19.2 billion in revenues during fiscal year 2018/2019. The company also targets a net profit of EGP 1.4 billion this fiscal year, 25% higher than in …
RIG is resolute in its plans to expand in the UAE
22 July 03:38 PM Al Rumaithy Investment Group denies IPO plan
Abu Dhabi – Mubasher: Al Rumaithy Investment Group’s (RIG) CEO Saif Al Rumaithy has stated that the group was not planning to launch an initial public offering (IPO). The group resorts to self-financing to fund its projects and investments, Al …
Egypt eyes EGP 30bn proceeds from 1st phase of gov’t IPOs
22 July 11:36 AM Egypt to see EGP 30bn proceeds from 1st phase of gov’t IPOs
Cairo – Mubasher: Egypt is looking to allocate around EGP 30 billion in proceeds from selling additional shares in five state-run firms that represents the first phase of the government initial public offerings’ (IPOs) programme, public sector …
Photo Archive
20 July 11:48 PM SABIC acquisition could delay Aramco’s IPO
Riyadh - Mubasher: Saudi Aramco is close to an agreement over an acquisition of a stake in Saudi Basic Industries (SABIC), which would affect the timing of its planned initial public offering (IPO) of the biggest oil company in the world, …
The Egyptian Exchange (EGX)
17 July 10:36 PM Egypt approves IPO for 5 public companies
Cairo - Mubasher: The Egyptian government has agreed on the first steps of its initial public offering (IPO) programme. Prime Minister Moustafa Madbouli met with the Governor of the Central Bank of Egypt (CBE) Tarek Amer, and the ministers of …
DBK Pharma is considering to offer about 25% stake on the two markets
12 July 11:43 AM DBK Pharma mulls dual-listing on EGX, Tadawul
Cairo – Mubasher: DBK Pharma is planning a dual-listing on the Egyptian Exchange (EGX) and the Saudi Stock Exchange (Tadawul) in the first half of 2019. The pharmaceutical firm is considering to offer about 25% stake on the two markets, sources …
Beltone aims to begin Sarwa’s IPO roadshow by the end of the current summer season
11 July 01:21 PM Sarwa Capital to float 30% stake on EGX in Q4
Cairo – Mubasher: Beltone Financial Holding will manage the offering of around 30% stake in Sarwa Capital on the Egyptian Exchange (EGX) in the fourth quarter of 2018. The Egyptian investment bank aims to begin Sarwa’s initial public offering …
Stakes of main shareholders will be gone public.
9 July 01:58 PM Alexandria Containers to float additional stake on EGX
Cairo – Mubasher: Alexandria Containers and Cargo Handling Co is looking to list an additional stake on the Egyptian Exchange (EGX) during the fourth quarter of 2018, a source in the firm has said. The Egypt-based firm will hold discussions with …
The potential IPO is expected to raise $100 billion
6 July 04:24 PM Saudi Arabia may put Aramco’s IPO on the shelf
Riyadh – Mubasher: Saudi Arabia is not yet ready for the launch of Saudi Aramco’s initial public offering (IPO). The potential IPO is expected to raise $100 billion and put the state-run company under major scrutiny, according to the Wall Street …
President AbdelFattah El Sisi stressed the significance of finalising the IPO programme at the earliest possible time
5 July 04:55 PM Ministerial committee to discuss gov’t IPOs within 2 weeks
By: Ahmed Allam Cairo – Mubasher: A ministerial committee will be held within the coming two weeks to discuss the state-run initial public offering (IPO) programme, finance minister Mohamed Mait said on Thursday. President AbdelFattah El Sisi …
The additional share sale of Egypt's monopoly cigarette maker is forecast to take place in Q1 of FY 18/19
4 July 01:00 PM Eastern Co, ENPPI to initiate state-run IPO programme
Cairo – Mubasher: Eastern Co is expected to be the first state-owned firm to float an additional stake on the Egyptian Exchange (EGX) as part of the government initial public offering (IPO) programme, an official has said. The additional share …
Qalaa Holdings to float 30% stake in Arabia Refining by 2019
3 July 03:03 PM Qalaa Holdings to float 30% stake of Arabia Refining on EGX by 2019
Cairo – Mubasher: Chairman of Qalaa Holdings has unveiled a plan to offer shares of the company’s units on the Egyptian Exchange (EGX) within the framework of its five-year strategy. The Egyptian investment firm plans to begin with floating a …
The company's shares will be listed on the DFM
1 July 12:13 PM ServeU to launch IPO in September - GM
Dubai – Mubasher: ServeU, Union Properties’ facilities management unit, is planning to launch an initial public offering (IPO) on the Dubai Financial Market (DFM) in September, the company’s general manager Gary Reader told Bloomberg News. Reader …