IPO News

UNB was the sole lead manager and lead receiving bank for Orient UNB Takaful’s IPO (under incorporation)

22 June 10:26 AM Orient UNB Takaful lists shares on DFM

Dubai – Mubasher: Orient UNB Takaful listed its shares on the Dubai Financial Market (DFM) on Thursday, 22 June, according to a bourse statement. Union National Bank (UNB) said Orient UNB Takaful’s initial public offering (IPO) was oversubscribed …

Initial Public Offerings

NMDC to subscribe to Arabtec capital hike

18 June 12:24 PM NMDC to subscribe to Arabtec capital hike

Abu Dhabi – Mubasher: National Marine Dredging Company’s (NMDC) board on Sunday approved subscribing in Arabtec Holding’s capital top-up. NMDC intends to subscribe by 100 million shares, worth AED 100 million, according to the company’s statement …

Initial Public Offerings

Aramco's IPO to slow down on disputes

15 June 01:56 PM Aramco's IPO to slow down on disputes – WSJ

Riyadh – Mubasher: The pace of Saudi Aramco's planned initial public offering (IPO) is losing steam and slowing down on the back of a disagreement between the ruling family and the company’s executives over where to list the state oil company’s …

Initial Public Offerings

The company holds stakes in Abu Dhabi’s National Petroleum Construction Co and Emirates Steel

15 June 11:14 AM Senaat considers plans for $1bn IPO – Agency

Abu Dhabi – Mubasher: Senaat is considering reviving plans for an initial public offering (IPO) three years after putting them on hold, Bloomberg quoted people with knowledge of the matter as saying. The company holds stakes in Abu Dhabi’s …

Initial Public Offerings

Bond subscription will begin on Thursday

14 June 01:44 PM Kuwait central bank to issue KWD 50m bonds

Kuwait – Mubasher: The Central Bank of Kuwait (CBK) will issue, on behalf of the Ministry of Finance (MoF), 10-year bonds worth KWD 50 million, Alrai newspaper reported, citing sources. Bond subscription will begin on Thursday and continue until …

Initial Public Offerings

The Saudi Stock Exchange

10 June 07:30 PM CMA approved public offering of investment fund

Riyadh - Mubasher: The Saudi Capital Market Authority (CMA) has approved the public offering by Middle East Financial Investment Company of MEFIC Freestyle Saudi Equity Fund, according to a statement by the Saudi Stock Exchange (Tadawul). “An …

Initial Public Offerings

The offering will be alike the IPO of Emaar Malls in 2014

9 June 04:54 PM Emaar Properties to launch IPO of real estate business by November – Chairman

Dubai – Mubasher: Emaar Properties plans to launch the initial public offering (IPO) of its real estate development business by November, the company’s chairman, Mohamed Alabbar, told Al Arabiya TV on Thursday. Alabbar added that the offering will …

Initial Public Offerings

DFM gains 1.44% in week

8 June 05:50 PM DFM gains 1.44% in week

By: Mahmoud Gamal Dubai – Mubasher: The general index of Dubai Financial Market (DFM) witnessed gains in the week ended 8 June, driven by the rise in real estate stocks, led by Drake and Scull International (DSI). The DFMGI rose 1.44% or 48.37 …

Initial Public Offerings

The company plans a capital increase to fund upcoming projects

7 June 04:01 PM BPE Partners eyes capital hike IPO

Cairo - Mubasher: The CEO of BPE Partners said that his company is planning to increase its capital through an initial public offering (IPO) in the Egyptian Exchange (EGX) in October, according to a statement by the Ministry of Investment. Abdel …

Initial Public Offerings

The real estate developer will offer at least 30% of its real estate development business

7 June 03:32 PM Emaar prepares plan for DFM IPO

By: Amr Adel Dubai - Mubasher: Emaar Properties is currently carrying out all the required steps for its anticipated initial public offering (IPO) of part of its real estate development business on the Dubai Financial Market (DFM). Studies are …

Companies Investments

The offering was on a price range between SAR 23 and SAR 31 per share

7 June 01:00 PM Al-Kathiri IPO 251% oversubscribed

Riyadh – Mubasher: Al-Kathiri Holding Company’s initial public offering (IPO) has been oversubscribed by 251% on Tuesday. The number of qualified subscribers reached 97 investors, injecting a total of SAR 60 million or at SAR 31 per share for …

Initial Public Offerings

Emaar's real estate sales increased from AED 4.2 billion in 2012 to AED 14.4 billion in 2016

7 June 08:46 AM Emaar to offer 30% of UAE property business in IPO

Dubai – Mubasher: Emaar Properties plans to offer up to 30% of its UAE property development business through an initial public offering (IPO) on the Dubai Financial Market (DFM). The funds raised through the equity sale will be distributed as …

Initial Public Offerings

The fund is interested even in a minor participation in the IPO

1 June 03:01 PM Bahrain's sovereign fund hopes to take part in Aramco IPO – Agency

Riyadh – Mubasher: Bahrain's sovereign wealth fund Mumtalakat is aspiring to participate in the initial public offering (IPO) of Aramco, expecting more opportunities in the Kingdom's reform programme, according to Reuters. "Everyone globally has …

Initial Public Offerings

The company has not decided on the size of the stake it will sell

1 June 12:29 PM Marafiq plans for IPO by 2019 – Agency

Riyadh – Mubasher: Saudi Arabia’s Power and Water Company for Jubail and Yanbu (Marafiq) is planning an initial public offering (IPO), according to Bloomberg on Thursday. The agency highlighted that the IPO will not take place until 2019, as the …

Initial Public Offerings

Photo Credit: Arabianeye-Reuters

24 May 10:06 PM EFG Hermes showing interest in Nomu-Parallel Market

By: Amr Adel Dubai - Mubasher: The Co-Head of EFG Hermes investment banking, Mohamed Fahmi, said that the group is interested in the Saudi Nomu-Parallel Market. Fahmi said in an answer to a question from Mubasher during a press event in Dubai that …

Initial Public Offerings

Photo Credit: Company Website

24 May 06:27 PM Hermes considering 4-6 M&A deals in the UAE

By: Amr Adel Dubai - Mubasher: The Co-Head of EFG Hermes investment banking, Mohamed Fahmi, said that his group is considering managing six to eight new investment operations in the UAE markets. In a press event in the group’s headquarters in …

Merging and Acquisitions

The Egyptian Ministry of Finance (MoF) - (Photo Credit: Arabianeye-Reuters)

23 May 07:43 PM Egyptian government to obtain EGP5-7bn from IPOs

Cairo - Mubasher: The Egyptian deputy finance minister said on Tuesday that Egypt is targeting EGP 5 to 7 billion ($276-$387 million) through initial public offerings (IPO) of state-owned companies in the current fiscal year, according to Reuters. …

(Photo Credit: Arabianeye-Reuters)

23 May 06:07 PM Leejam Sports seeks raising SAR 1bn through IPO in Tadawul

Riyadh – Mubasher: Saudi Leejam Sports Co seeks an initial public offering (IPO) in the Saudi Stock Exchange (Tadawul) in the fourth quarter of 2017 and expects raising SAR 1 billion ($266.65 million), sources told Reuters on Tuesday. The agency …

Initial Public Offerings

Photo Credit: Press Release

23 May 02:41 PM Egyptian companies’ IPOs progressing as planned - Minister

By: Amr Adel Dubai - Mubasher: The Egyptian minister of public works said on Tuesday that the programme to list some of the public companies on the Egyptian Exchange (EGX) is progressing accordingly to plan. Ashraf El-Sharkawy added on the …

(Photo Credit: Arabianeye-Reuters)

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, …

Initial Public Offerings

Photo Credit: Arabianeye-Reuters

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 …

Merging and Acquisitions

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 …

Initial Public Offerings