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21 August 09:41 AM

IPO News

Subscribers reached 19,197, pumping SAR 48.8 million through 957,680 shares, by the end of the fourth day
17 August 03:06 PM Subscription in Zahrat Al Waha hits 106% on 4th day - Saudi Fransi Capital
Riyadh – Mubasher: The subscription in Zahrat Al Waha shares reached 106.4% of total shares for retail investors by the end of the fourth subscription day, 17 August, Saudi Fransi Capital stated on Thursday. The 900,000 shares for retail investors …
Initial Public Offerings
The 900,000 shares for retail investors made up 30% of initial public offering (IPO) total shares which are 4.5 million shares
16 August 03:49 PM Subscription in Zahrat Al Waha shares reaches 43.3% by 16 August - Saudi Fransi Capital
Riyadh – Mubasher: The subscription in Zahrat Al Waha shares reached 43.3% of total shares for retail investors by the end of the third subscription day, namely 16 August, Saudi Fransi Capital said on Wednesday. The 900,000 shares for retail …
Initial Public Offerings
The only three IPOs in the region were hosted in Saudi Arabia
14 August 12:46 PM GCC IPO activity drops in Q2; volatility dampens investors – Report
Mubasher: The performance of initial public offerings (IPOs) in the GCC witnessed a slowdown during the second quarter of 2017 in the number of offerings and total proceeds raised, according to a report by PricewaterhouseCoopers (PwC) on Monday. …
Aramco is the largest oil company in the world
11 August 11:43 PM Saudi Arabia prefers New York for Aramco’s IPO
Riyadh - Mubasher: Reuters reported on Friday that Saudi Arabia is favouring the New York Stock Exchange (NSE) for the main foreign listing of state oil giant Aramco, as per unnamed sources. The news agency added that some financial and legal …
Initial Public Offerings
ENPPI Petroleum will launch an IPO on the EGX during Q1-18
7 August 04:18 PM ENPPI Petroleum to launch IPO on EGX in 2018
By: Ahmed Alam Cairo – Mubasher: ENPPI Petroleum will launch an initial public offering (IPO) on the Egyptian Exchange (EGX) during the first quarter of 2018, Egypt’s minister of investment and international cooperation Sahar Nasr said. Nasr …
Corporate Actions
Garhy Steel plans to IPO 25% of its shares on the EGX during Q1-17
7 August 01:40 PM Garhy Steel plans IPO in Q1-18 - Chairman
Cairo - Mubasher: Garhy Steel is planning to offer 25% of its shares on the Egyptian Exchange (EGX) during the first quarter of 2018, chairman Gamal El Garhy told Al Masry Al Youm on Monday. The Egyptian company hopes to raise EGP 3.6 billion …
Saudi Aramco has an awaited an IPO that is set to be the biggest in the world
1 August 09:22 PM Saudi Aramco could soon have flexible tax system
Riyadh - Mubasher: Bloomberg has reported that Saudi Arabia is considering a flexible tax system for Aramco, the world’s biggest oil company. The system would increase royalty payments when crude prices rise, people familiar with the deliberations …
Taxes
Abu Dhabi Ports plans to expand in the coming period
31 July 10:44 PM Abu Dhabi Ports plans expansion, rules out IPO
Abu Dhabi - Mubasher: The CEO of Abu Dhabi Ports said that his company is planning major expansions in the coming period. Mohamed Juma Al Shamisi addedin an interview with CNBC Arabiya on Monday that a final decision has not yet been reached …
Companies Investments
The company's market capital is expected could reach $1.5 trillion
28 July 05:34 PM Speculations circle around reserves, evaluation in Aramco’s IPO
By: Mahmoud Salah Eldin Riyadh - Mubasher: The awaited IPO of Saudi Aramco is expected to be the biggest in the world, and it is believed to include capital and operational assets, and not oil fields or reserves. However, amidst the contentious …
Initial Public Offerings
Ibn Sina Pharma plans to offer part of its stake in the EGX by the end of 2017
27 July 04:02 PM Beltone to manage Ibn Sina Pharma IPO on EGX
Cairo- Mubasher: Ibn Sina Pharma plans to offer part of its shares on the Egyptian Exchange (EGX) by the end of 2017, Ibn Sina’s managing director Amr Abdel Gawad told Al Borsa news on Thursday. The pharmaceutical firm hired Beltone Financial …
Initial Public Offerings
Abu Dhabi Ports is the master developer, operator, and manager of ports and the Khalifa Industrial Zone in the emirate
26 July 09:17 AM Abu Dhabi Ports Co has no plans to launch IPO - Reuters
Abu Dhabi – Mubasher: Abu Dhabi Ports Co has no plans to launch an initial public offering (IPO) in the short-term, Reuters quoted the company's CEO Mohamed Juma Al Shamisi as saying. Al Shamisi’s comments came after Bloomberg reported that the …
Companies Investments
The company was planning to list gas stations owned by ADNOC Distribution $14 billion
20 July 01:05 PM ADNOC hires UAE, global banks to manage IPO
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has selected a number of UAE and global banks to manage its initial public offering (IPO), Reuters reported, citing sources. The chosen banks are First Abu Dhabi Bank, HSBC, Bank of …
Initial Public Offerings
Pioneers owns a controlling stake of 60% of Rooya’s shares
18 July 02:11 PM Pioneers Holding OKs Rooya listing on EGX
Cairo – Munasher: Pioneers Holding Company for Financial Investment’s board of directors have approved the listing of Rooya Group on the Egyptian Exchange (EGX). Pioneers owns a controlling stake of 60% of Rooya’s shares, which it acquired for EGP …
Initial Public Offerings
Al Maathar REIT’s total value is SAR 613.7 million, and the price per unit is SAR 10
18 July 12:35 PM Al Maather REIT Fund IPO 1520% oversubscribed
Riyadh – Mubasher: Saudi Arabia-based Osool and Bakheet Investment Company on Tuesday said that the subscription of Al Maather Real Estate Investment Traded Fund (Al Maather REIT) was closed at a coverage ratio of 1520%. Investors and companies …
Initial Public Offerings
One of Emaar's ads
18 July 11:29 AM Emaar business IPO likely to near AED 22-28bn – SICO
Dubai – Mubasher: Initial public offering (IPO) valuation of Emaar Properties’ Dubai real estate business could range between AED 22 billion and AED 28 billion, equivalent from AED 0.9 to AED 1.2 per share, according to a report by Investment Bank …
Initial Public Offerings
The UAE Football Association Securities recently signed an MoU the Securities and Commodities Authority
17 July 06:15 PM UAE football clubs on road to become listed companies - Report
By: Amr Adel and Mahmoud Gamal Dubai - Mubasher: Football clubs in the United Arab Emirates are stepping up into major business entities, mimicking in a way its European counterparts. On Sunday, the Securities and Commodities Authority signed a …
Macroeconomics
ADCorp’s board is currently considering increasing the capital to $150 million
17 July 01:25 PM ADCorp launches operations in ADGM
Abu Dhabi – Mubasher: ADCorp announced the launch of its operations in the Abu Dhabi Global Market (ADGM), according to a statement. The move follows the ADGM Financial Service Regulatory Authority’s (FSRA) decision on 4 July to allow ADCorp to …
Corporate Actions
Banque du Caire
16 July 06:02 PM Banque du Caire not planning bigger IPO
Cairo - Mubasher: The deputy chairperson of Banque du Caire, Soha Soliman, has negated any plans to increase the percentage of the awaited 20% initial public offering (IPO) before the end of the year. Soliman added that procedures regarding the …
Initial Public Offerings
Goldman Sachs and JPMorgan are among the banks competing offering proposals to ADNOC
13 July 12:44 AM Major global banks competing for ADNOC’s IPO
Mubasher: Abu Dhabi National Oil Company (ADNOC) said is considering a number of proposals from different banks to manage the listing of its retail unit in the stock exchange. These banks are Goldman Sachs, First Abu Dhabi Bank, HSBC, and …
Initial Public Offerings
ADNOC is owned by the government of Abu Dhabi
12 July 09:58 PM ADNOC considers listing minority stakes - CEO
By: Amr Adel Abu Dhabi - Mubasher: The spokesperson of the Abu Dhabi National Oil Company (ADNOC) said that listing some of its subsidiaries in the capital market, by offering some minority stakes, is still under study. More information will soon …
Merging and Acquisitions
ADNOC may appoint investment banks for the share sale
12 July 09:57 AM ADNOC plans IPO of retail unit at $14bn value
Abu Dhabi – Mubasher: Abu Dhabi National Oil Co (ADNOC) is planning an initial public offering (IPO) of its service stations unit for $14 billion, Bloomberg reported, quoting people familiar with the matter as saying. ADNOC may appoint investment …
Initial Public Offerings