IPO News

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22 May 02:44 PM Thob Al-Aseel IPO oversubscribed 150%
Riyadh – Mubasher: Thob Al-Aseel’s initial public offering (IPO) has been subscribed by 150.33% by a total value of SAR 383.3 million. The number of qualified subscribers reached 204 investors at a value of SAR 3 million at SAR 85 per share, …
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14 May 05:23 PM CIB to sell 10% stake in CI Capital to Egyptian investor
By: Ahmed Allam Mubasher: The Commercial International Bank – Egypt (CIB) has agreed selling a local investor a 10% stake in CI Capital, according to the deputy chairman and group CEO, Mahmoud Attalla. Attalla, the CEO of CI Capital, said on the …
Photo Credit: Mubasher Archive
13 May 04:36 PM Galina to complete 20% issuance with extended subscription period
Cairo - Mubasher: The British Egyptian Company for General Development (GALINA) is expecting to cover 20% of its shares as the subscription period is extended, said the investors relations director Hani Mohamed Khaled. Khaled told Mubasher in a …
UP board meeting (Photo credit: Press release)
11 May 03:32 PM Emicool IPO still understudy – Union Properties
Dubai – Mubasher: The launch of an initial public offering (IPO) for Emirates District Cooling Company (Emicool), a Union Properties (UP) subsidiary, on the Dubai Financial Market (DFM) remains understudy, the property developer said Thursday. …
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10 May 02:03 PM HSBC to manage Olayan unit IPO – Agency
Riyadh – Mubasher: Saudi Olayan family has appointed HSBC to manage the 30% sale of its subsidiary Health Water Bottling Co, Bloomberg reported. Olayan plans to list the unit's shares on the Saudi Stock Exchange (Tadawul) by the beginning of 2018, …
Arabtec's headquarter (Photo Credit: Arabianeye-Reuters)
9 May 02:16 PM Arabtec sets rights issue opening price at 1 fils
Dubai – Mubasher: Arabtec Holding has set the opening price of its rights issue at 1 fils as a minimum price through all of its trading sessions, according to a statement. The rights issue will be free-floated on its inaugural day only, while the …
Photo Credit: Bank Website
7 May 06:57 PM Attijariwafa Bank negates EGX-listing plans
By: Ahmed Allam Cairo - Mubasher: The chairman and general director of Attijariwafa Bank, Mohammed El Kettani, said on Sunday that his group is not considering listing its unit in the Egyptian Exchange (EGX). On the sidelines of a press conference …
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7 May 03:10 PM Enppi to list 24% of its stocks locally, internationally
By: Nermeen Abbas Cairo - Mubasher: The CEO of NI Capital, Ashraf Ghazaly, said that the Engineering for the Petroleum and Process Industries Company (Enppi) will issue 24% of its stocks on the stock market within six months. Ghazaly added in his …
(Photo Credit: Arabianeye-Reuters)
7 May 01:30 PM Thob Al-Aseel IPO shares subscription to start Sunday
Riyadh – Mubasher: Falcom Financial Services on Sunday announced that it has begun receiving offers for Thob Al-Aseel’s initial public offering (IPO) on the Nomu-Parallel Market. The IPO period will last until 18 May 2017, according to a previous …
(Photo Credit: Company Twitter)
4 May 09:50 AM Al-Samaani acquires IPO proceeds of SAR 17.55m
Riyadh – Mubasher: Al-Samaani Factory for Metal Industries has received the proceeds of the initial public offering (IPO) of a value of SAR 17.55 million on Tuesday. The net proceeds will be injected into the company's activities after deducting …
Photo Credit: Press Release
29 April 05:49 PM Al Qudra Holding acquires Al Rayan Investment for AED1bn
Abu Dhabi - Mubasher: Al Qudra Holding Company announced on Saturday that its general assembly has approved buying the shares of Al Rayan Investment for more than AED 1 billion ($272 million). According to the company’s statement, it will raise …
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26 April 07:01 PM Union Properties plans Emicool IPO in 2017
By: Amr Adel Dubai - Mubasher: The Chairman of Union Properties (UP), Khalid Bin Kalban, said Wednesday that he is hoping to list Emirates District Cooling Company (Emicool) in the Dubai Dinancial Market (DFM) before the end of 2017. Bin Kalban …
(Photo Credit: Arabianeye-Reuters)
26 April 10:17 AM Al Saedan Real Estate plans to offer shares on Tadawul
By: Mohamed Idris Riyadh – Mubasher: Al Saedan Real Estate Company is planning an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul), the company’s chief financial officer (CFO) said. Abdulaziz Al Sheikh added to Mubasher that the …
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26 April 09:31 AM Emaar Hospitality to be listed at 'appropriate time'
Dubai – Mubasher: Emaar Properties said that its strategy is to make its business units, including its wholly-owned Emaar Hospitality, independent listed companies, according to a statement. Emaar Hospitality will be listed at the appropriate time …
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25 April 04:13 PM CMA OKs increase of Thob Al-Aseel offered shares
Riyadh – Mubasher: The Capital Market Authority (CMA) approved Thob Al-Aseel Company's request to increase its offered shares to 3 million shares. The raise of the offered shares is a result of increasing the company's capital from SAR 50 million …
The Egyptian Exchange (Photo credit: Mubasher)
20 April 03:45 PM Raya Contact Center IPO covered 10.36 times
Cairo – Mubasher: The Egyptian Exchange (EGX) said Thursday that the initial public offering (IPO) of Raya Contact Center was covered 10.36 times. Total purchase orders amounted to 50.7 million shares, according to a statement. The company had …
(Photo Credit: Arabianeye-Reuters)
17 April 03:31 PM Azizi Developments rules out UAE IPO at present
Dubai – Mubasher: It will be hard to launch an initial public offering (IPO) for Azizi Developments  in the UAE at the present as the company is still considered a family business, AlBayan newspaper reported on Monday, citing the company's CEO. …
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11 April 05:52 PM Egyptian public firms’ IPOs specified at 15%-30%
By: Mostafa Adel Cairo - Mubasher: The chairman of Ayadi Company for Development and Investment, Osama Saleh, said that the stakes of the awaited public companies’ initial public offerings (IPOs) has been set between 15% and 30%. Saleh added on …
(Photo Credit: Arabianeye-Reuters)
11 April 03:48 PM KSA, oil giants put heads together ahead of Aramco IPO
Riyadh - Mubasher: In an attempt to diversify investments in the field, Saudi Arabia is discussing investment opportunities in the oil and gas sector with major international companies, including BP, Chevron, and Eni, Reuters reported on Tuesday. …