IPO News

Unionaire Group has selected CI Capital to manage its potential IPO
2 hours ago Unionaire Group to float stake on EGX in H1-18
Cairo – Mubasher: The Egypt-based Unionaire Group is planning to be listed on the Egyptian Exchange (EGX) this year to pave the way for floating a stake on the local stock market in the second half of 2018. The electronics manufacturing firm has …
ENPPI will offer a 24% stake on the EGX by the end of 2018
3 hours ago Enppi to float 24% stake on EGX end-2018
Cairo – Mubasher: Engineering for the Petroleum & Process Industries (ENPPI) will offer a 24% stake on the Egyptian Exchange (EGX) by the end of 2018, chairperson Mohamed Hathout told Alborsa News. The state-owned company is currently completing …
ENOC reported positive results and showed resilient performance
21 February 05:40 PM ENOC denies Planned IPO’s reports
Dhabi – Mubasher: Emirates National Oil Company (ENOC) stressed on Wednesday that it has no plans to launch an initial public offering (IPO), according to CNBC Arabia. This announcement followed some reports regarding ENOC’s plan to launch an IPO …
SICO has hired Pharos Holding as a financial advisor to study funding alternatives and the IPO
19 February 11:24 AM SICO Technology mulls floating stake on EGX
Cairo – Mubasher: Egypt-based SICO Technology is currently considering offering a stake on the Egyptian Exchange (EGX) soon in an effort to provide alternative financing channels. SICO has hired Pharos Holding as an exclusive financial advisor to …
Citigroup has received the CMA's approval to resume its business
15 February 10:37 AM Citigroup to advise on Saudi Flynas' IPO
Riyadh – Mubasher: Budget carrier Flynas has hired Citigroup to advise them on an initial public offering (IPO) that could take place by the end of 2018 or early 2019, informed sources said. Citigroup will implement the Saudi airline's IPO in …
Investors will pump further investments into stock markets if they achieve earnings from IPOs
13 February 10:41 AM UAE IPOs await right time to be launched in 2018
By: Mahmoud Gamal Dubai – Mubasher: The UAE’s Securities and Commodities Authority, in collaboration with the Dubai Financial Market’s (DFM) and the Abu Dhabi Securities Market’s (ADX) administrations, is seeking to pave the way for attracting …
Mag Property Development is set to launch new projects
5 February 10:53 AM Mag Development mulls listing on DFM
Dubai – Mubasher: Mag Property Development is considering listing its shares on the Dubai Financial Market (DFM) during the next three years, the CEO Talal Al Gaddah stated on Monday. The potential listing will serve the company’s expansion plans, …
Prime has signed the required contracts to arrange the IPO
4 February 11:29 AM Prime to manage IPO on EGX end-2018
Cairo – Mubasher: Prime Holding is planning to manage an initial public offering (IPO) on the Egyptian Exchange (EGX) for a company operating in the education sector with EGP 500 million in capital before the end of this year, Al-Masry Al-Youm …
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30 January 07:53 PM Gulf region awaits major IPOs in 2018 - Report
Mubasher: A recent report by Ubhar Capital showed that with oil prices recouping, several companies in the GCC region are planning to go public. The research note issued on Tuesday estimates that liquidity will improve in the coming period, which …
Enppi’s IPO has been delayed due to legal obstacles regarding global offerings.
30 January 03:57 PM Enppi's 24% IPO sale on EGX underway - CI Capital
Cairo – Mubasher: Engineering for the Petroleum and Process Industries (Enppi) will float a 24% stake on the Egyptian Exchange (EGX) and foreign investors would be allowed to invest in, CI Capital’s chairman and CEO Mahmoud Atallah told state news …
Jadwa Investment's IPO concluded 23 January
29 January 01:32 PM Jadwa REIT fund IPO 120.9% oversubscribed
Riyadh – Mubasher: Jadwa Investment on Monday announced that the initial public offering (IPO) if its real estate investment trust (REIT) was 120.9% oversubscribed. The fund called Jadwa REIT comprised 150 million units, of which 30% or 47.4 …
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24 January 05:36 PM Saudi Consultative Assembly calls for assessing Aramco’s IPO
Riyadh - Mubasher: The financial committee of the Saudi Arabia's Shura Council, atop advisory body to the government,  has called on the Capital Market Authority (CMA) to study the effects of listing stocks of Saudi Arabian Oil Company on the …
The New York Stock Exchange
23 January 09:36 PM NYSE says it will not change rules for Aramco’s IPO
Riyadh - Mubasher: The battle for attracting the initial public offering (IPO) of Saudi Aramco, which is expected to be the biggest in the world, is heating up. The fierce competition has led the New York Stock Exchange (NYSE) to say that it will …
The Chinese partners also may invest in the IPO
23 January 11:37 AM Russia may invest in Aramco’s IPO – Official
Riyadh – Mubasher: Russian pension funds are weighing investment in the planned initial public offering (IPO) of Saudi Aramco in a bid to boost the partnership between the world’s two top oil producers, said head of Russian Direct Investment Fund …
Beltone has reached the final phases of an acquisition with one of the companies
22 January 12:01 PM Beltone to manage two IPOs in 2018
Cairo – Mubasher: Beltone Financial Holding will manage two initial public offerings (IPOs) on the Egyptian Exchange (EGX) in the consumer goods and industrial sectors this year, managing director Mohamed El Akhdar told Alborsa News. …
Dubai Investments to implement IPO for Emicool in Q4-18 – CEO
22 January 09:40 AM Dubai Investments to implement IPO for Emicool in Q4-18 – CEO
Dubai – Mubasher: Dubai Investments plans to implement initial public offering (IPO) for Emirates District Cooling LLC (Emicool) on the Dubai Financial Market (DFM) in the fourth quarter of 2018, said managing director and the CEO Khalid Bin …
“The plan remains to list the whole company rather than creating a subsidiary to IPO”
18 January 02:59 PM Aramco eyes IPO in H2, awaits government nod – CEO
Riyadh – Mubasher: Saudi Aramco’s initial public offering (IPO) is still scheduled to be implemented in the second half of 2018, but the government has not decided on yet the stock market that the firm will be listed on, the CEO Amin Nasser said. …
Saudi Arabia is seeking to sell around 5% of Aramco
18 January 09:48 AM Banks to receive small proportion of Aramco's IPO
Riyadh – Mubasher: The banks which will advise and implement the initial public offering (IPO) of Saudi Aramco are forecast to get a small proportion of the offering's revenues, said informed sources. Saudi Arabia is at pains to sell around 5% of …
The fund’s volume is SAR 1.620 billion
17 January 03:19 PM Al Rajhi REIT Fund's IPO 174% oversubscribed
Riyadh – Mubasher: The initial public offering (IPO) of Al Rajhi Real Estate Investment Traded Fund (Al Rajhi REIT Fund) has ended with 174% oversubscription, Al Rajhi Capital said on Wednesday.  The fund’s volume is SAR 1.620 billion of which …
The two investment banks have not been asked to attend meetings in Saudi Arabia
16 January 03:00 PM Aramco excludes UBS, Bank of America from IPO roles
Riyadh – Mubasher: The Saudi Arabian Oil Co, known globally as Saudi Aramco, has not invited UBS and Bank of America Merrill Lynch to compete for major advisory roles in its planned initial public offering (IPO), said finance sources in the firm. …
UAE’s Abraaj Group hires EFG Hermes, Citigroup to manage North Africa Hospital businesses IPO
16 January 02:21 PM EFG Hermes, Citigroup to manage UAE’s Abraaj potential IPO
Cairo – Mubasher: Private equity firm Abraaj Group has hired EFG Hermes and Citigroup to manage the initial public offering or sale of its hospital businesses in North Africa, Bloomberg reported, citing sources familiar with the matter. The …
The company’s financial performance is flexible
16 January 10:34 AM ENOC denies reports on its distribution unit’s IPO
Dubai – Mubasher: Emirates National Oil Company (ENOC) on Tuesday denied reports regarding its plan to float the shares of its distribution unit. The company’s financial performance is flexible enough with all changes in the prices of oil and gas, …
Derayah REIT is a shariah-compliant close-ended traded real estate investment fund.
14 January 05:09 PM Derayah REIT's IPO oversubscribed 125%
Riyadh – Mubasher: Derayah Real Estate Investment Traded Fund’s (Derayah REIT Fund) initial public offering (IPO) has been oversubscribed by 125% with SAR 451 million total value of subscription requests, Derayah Financial said on Sunday.  Derayah …
The CMA’s approval of the fund should never be considered as a recommendation to subscribe in the fund
11 January 04:08 PM CMA approves IPO of GIB Saudi Equity Fund
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved GIB Capital’s request to implement an initial public offering (IPO) of GIB Saudi Equity Fund. “Investors should carefully read the Terms and Conditions which includes detailed …