IPO News

QAMCO will be listed on the industrial sector with a symbol QAMC.
6 December 03:12 PM QAMCO stock to start trading on 16 December - QSE
Mubasher: The Qatar Stock Exchange (QSE) on Thursday announced that trading on the shares of Qatar Aluminums Manufacturing Company (QAMCO) will begin on Sunday, 16 December. The Qatar Financial Markets Authority (QFMA) has approved a proposal for …
The offering will witness a partial exit of a number of the main shareholders in the company
25 November 12:43 PM Giza Systems to float 35% stake on EGX
Cairo – Mubasher: Energy Technologies Information System (Giza Systems) is looking to offer a 35% stake on the Egyptian Exchange (EGX) by the end of 2019. The offering will witness a partial exit of a number of the main shareholders in the …
Virgin Mobile Middle East mulls IPO
20 November 09:04 AM Virgin Mobile Middle East mulls IPO
Dubai – Mubasher: Virgin Mobile Middle East & Africa is reportedly considering options such as a stake or full sale in an initial public offering (IPO), Bloomberg reported, citing unnamed but informed sources as saying. The Dubai-based company, …
The general index went down 115.54 points, or 1.12%, to 10,199.08 points
14 November 05:14 PM QSE absorbs impacts of MSCI index reviews – Analysis
By: Eman Ghaly Mubasher: The Qatar Stock Exchange (QSE) has managed to absorb the impacts of the semi-annual review of the MSCI Emerging Market (EM) index revealed late on Tuesday, financial analyst Ahmed Eid told Mubasher. The review included the …
The shares were offered at QAR 10.1 a share
14 November 02:53 PM QP closes QMCO IPO
Mubasher: Qatar Petroleum (QP) on Wednesday announced the successful closure of the initial public offering (IPO) of Qatar Aluminium Manufacturing Company’s (QAMCO) shares, according to QP’s statement. The shares, represented 49% of QAMCO’s issued …
Alkhabeer Capital launches SAR 237m IPO for Alkhabeer REIT Fund on Tadawul
11 November 09:32 AM Alkhabeer Capital launches SAR 237m IPO for Alkhabeer REIT Fund on Tadawul
Riyadh – Mubasher: Alkhabeer Capital on Sunday announced the launch of the initial public offering (IPO) of its Sharia-compliant Alkhabeer REIT Fund on the Saudi Stock Exchange (Tadawul). The IPO size amounts to SAR 237 million, or around 24% of …
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9 November 11:52 PM Network International plans $3bn IPO
Mubasher: Network International has reportedly chosen picked six banks to manage its potential $3 billion initial public offering (IPO). Citigroup, JPMorgan Chase, Morgan Stanley were hired as global coordinators for the stock sale, Barclays, …
Bin Talal’s KBW Investments mulls IPO, eyes UAE, Saudi project launches
8 November 02:48 PM Bin Talal’s KBW Investments mulls IPO, eyes UAE, Saudi project launches
Mubasher: KBW Investments may implement an initial public offering (IPO) for its shares over the coming period, the firm’s founder and chairman Prince Khaled bin Alwaleed bin Talal told CEO Middle East in an interview. We are considering this …
UAE’s Network International picks banks for possible 2019 IPO
8 November 01:39 PM UAE’s Network International picks banks for possible 2019 IPO
Dubai – Mubasher: Network International has reportedly selected three international investment banks to manage its potential initial public offering (IPO). The UAE-based payment processing firm has picked Citigroup and JPMorgan Chase & Co to …
APM Terminals Bahrain’s IPO to start on 8 November
4 November 05:08 PM APM Terminals Bahrain’s IPO to start on 8 November
Mubasher: APM Terminals Bahrain on Sunday said that it will implement an initial public offering (IPO) for a 20% stake of its total issued share capital on Bahrain Bourse at a combined value of BHD 11.8 million. The share sale will start from …
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31 October 06:29 PM Saudi Arabia leads MENA IPOs
Riyadh - Mubasher: The total value of initial public offerings (IPOs) in the Middle East and North Africa (MENA) region rose during the third quarter of 2018 by 21.9% year-on-year, according to a recent report by Ernst and Young (E&Y). The report …
The subscription period will take place during two weeks
30 October 01:07 PM QP starts Qtalum’s IPO Tuesday
Mubasher: Qatar Petroleum (QP) on Tuesday started the initial public offering (IPO) of Qatar Aluminium Limited’s (Qatalum) shares. The floated shares represent 49% of the issued share capital of Qatalum, according to QP’s statement. The shares …
The three banks are QNB, QIIB and Ahli Bank.
29 October 04:42 PM Three lenders to finance Qamco’s IPO
Mubasher: Three Qatari banks announced plans to finance the subscribers to the initial public offering (IPO) of Qatar Aluminium Manufacturing Company (Qamco).  The three banks are Qatar National Bank (QNB), Qatar International Islamic Bank (QIIB) …
The IPO will take place during the period between 22 and 28 October
14 October 04:36 PM Al Dukheil sets NCLE’s IPO price at SAR 19/shr
Riyadh – Mubasher:  Al Dukheil Financial Group, the financial advisor and lead manager of the National Company for Learning and Education (NCLE), on Sunday announced that it has set the share issue price of NCLE’s initial public offering (IPO) at …
The IPO has been executed through 29.5 million shares
11 October 03:58 PM Sarwa Capital’s IPO on EGX raises EGP 2.1bn
Cairo – Mubasher: The Egyptian Exchange (EGX) on Thursday said that the initial public offering (IPO) and the private offering of Sarwa Capital have been implemented at a combined value of EGP 2.17 billion. The IPO has been executed through 29.5 …
Total purchasing orders on the private offering reached 887.4 million shares
10 October 04:53 PM Sarwa Capital IPO 30.1x oversubscribed
Cairo – Mubasher: Sarwa Capital’s initial public offering (IPO) has been oversubscribed 30.1 times, the Egyptian Exchange (EGX) said on Wednesday. Total purchasing orders on the private offering reached 887.4 million shares, the Egyptian bourse …
EFG Hermes has revealed plans to raise the number of its employees
10 October 01:58 PM EFG Hermes eyes Saudi Arabia’s IPOs
Cairo – Mubasher: EFG Hermes is seeking to win a tender for the management of initial public offerings (IPOs) in Saudi Arabia as it seeks to expand in the Saudi market, co-head of investment banking Mohamed Fahmi said. The leading investment bank …
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9 October 08:55 PM Egyptian, Gulf investors dominate demand on Sarwa Capital offering
Cairo - Mubasher: Gulf investors have dominated around 30% to 35% of the total orders on the private offering by Sarwa Capital, according to the head of the brokerage sector at Beltone Financial Holding. Sarwa Capital Holding for Financial …
EFG Hermes and Renaissance Capital are working jointly as the global offering coordinators
8 October 02:12 PM Hassan Allam eyes IPO on EGX, GDR listing on LSE
Cairo – Mubasher: Hassan Allam Holding is looking to offer up to 44.3% of the company’s shares on the Egyptian Exchange (EGX), in addition to listing global depositary receipts (GDRs) on the London Stock Exchange (LSE). Leading investment bank EFG …
Qalaa Holdings likely to generate between $1.5 billion and $1.6 billion in EBITDA
8 October 12:18 PM Qalaa Holdings eyes unit IPOs in 2019
Cairo – Mubasher: Qalaa Holdings is expected to offer stakes in Taqa Arabia and the Egyptian Refining Company (ERC) for sale on the Egyptian Exchange (EGX) in the fourth quarter of 2019, chairman said. The ERC project located in Mostorod will …
The private offering has been oversubscribed 10.83 times
4 October 11:45 AM Sarwa Capital sets final IPO price at EGP 7.36/shr
Cairo – Mubasher: Sarwa Capital on Thursday announced the completion of its private offering’s book building. The final price of the initial public offering (IPO) has been set at EGP 7.36 per share, the company added in a statement. The private …
EFG Hermes will manage Eastern Co’s additional 4.5% stake offering on the EGX
3 October 12:37 PM EFG Hermes to manage Eastern Co’s additional offering on EGX
Cairo – Mubasher: Chemical Industries Holding Company and EFG Hermes have signed a deal to manage and begin the roadshow of Eastern Co’s initial public offering (IPO). Upon the deal, the leading investment bank will manage Egypt's monopoly …
The company will direct nearly EGP 700 million of the proceeds to boost capital
2 October 02:01 PM Sarwa Capital eyes EGP 2bn IPO proceeds
Cairo – Mubasher: Sarwa Capital is looking to raise as much as EGP 2 billion in proceeds from its initial public offering (IPO) on the Egyptian Exchange (EGX), managing director said. The company will direct nearly EGP 700 million of the proceeds …
The emerging markets crisis will not affect the government IPOs programme
2 October 12:28 PM Eastern Co to float further stake in October
Cairo – Mubasher: Eastern Co will offer a further stake of 4.5% on the Egyptian Exchange (EGX) in October, a government source said. The initial public offering (IPO) will take place in the second half of this month, the source told Enterprise. …
Sarwa Capital expects to begin EGX trading mid-October
1 October 05:14 PM Sarwa Capital expects to begin EGX trading mid-October
Cairo – Mubasher: Sarwa Capital Holding expects to begin trading its shares on the Egyptian Exchange (EGX) as of 15 October. Subscription for its shares as part of an initial public offering (IPO) will begin on Wednesday, 3 October and end on …