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IPO News

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14 March 01:38 PM Parkin raises AED 1.6bn from IPO; final offering price unveiled
Dubai – Mubasher: Parkin Company has concluded the bookbuild process for its initial public offering (IPO), setting the final offer price at AED 2.10 per share. The transaction will result in AED 1.57 billion ($428.69 million) of gross proceeds …
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5 March 12:38 PM Investcorp leads $130m pre-IPO investment round for Saudi Arabia’s Salla
Mubasher: Investcorp, a Bahrain-based alternative asset manager, has led a $130 million pre-IPO investment round in Salla, a Saudi Arabian SaaS e-commerce enablement platform. Sanabil Investment, a wholly owned company by Saudi Arabia’s Public …
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4 March 01:03 PM ADQ reportedly mulls IPO for Etihad Airways
UAE – Mubasher: Abu Dhabi-based investment and holding firm ADQ is studying the initial public offering (IPO) of Etihad Airways to be the first publicly traded carrier in the GCC. ADQ is in talks with banks to launch the IPO in 2024, according to …
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21 February 09:28 PM Saudi Arabia’s IPOs average $450m on NTP – anb Capital CEO
Riyadh – Mubasher: The National Transformation Program (NTP) adopted by Saudi Arabia has resulted in increasing the average size of initial public offerings (IPO) to $450 million from $367 million, Khalid Al Ghamdi, CEO of anb Capital, stated …
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21 February 07:26 PM Saudi Arabia’s IPO pipeline soars 30% in one year - ElKuwaiz
Riyadh – Mubasher: The number of initial public offerings (IPOs) in the pipeline across the Saudi Exchange’s (Tadawul) Main market and the Nomu-Parallel market has surged 30% year-on-year (YoY) to 56, compared to the year before, said Mohammed …
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20 February 12:22 PM Nahr Elkhair to initiate subsidiary listing procedures in March
Cairo – Mubasher: Al Khair River for Development Agricultural Investment and Environmental Services Company (Nahr Elkhair) announced that it plans to submit the documents required for listing its subsidiary Al Ahly Group for Modern Agriculture to …
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19 February 10:49 AM GFH hires SNB Capital to manage cross-listing on Tadawul
Mubasher: GFH Financial Group signed a financial advisory service agreement with SNB Capital, a subsidiary of the Saudi National Bank (SNB), to manage the GFH’s application for cross-listing on the Saudi Exchange (Tadawul). The cross-listing will …
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18 February 07:06 PM Quara Finance concludes Nomu offering at SAR 15/shr
Riyadh - Mubasher: Quara Finance Company has completed the initial public offering (IPO) of 2.65 million shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) to qualified investors at SAR 15 per share. The coverage rate of the …
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15 February 05:20 PM Modern Mills announces price range, book-building period for IPO
Riyadh – Mubasher: Modern Mills Company (MMC) has unveiled that the price range for its initial public offering (IPO) on the Saudi Exchange (Tadawul) is set between SAR 44 and SAR 48 per share. The Saudi-based milling and nutrition company also …
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8 February 11:34 AM Avalon Pharma unveils IPO for Tadawul listing
Riyadh – Mubasher: The final price for the initial public offering (IPO) of Middle East Pharmaceutical Industries Company (Avalon Pharma) has been settled at SAR 82, according to a bourse statement. The retail subscription process, comprising a …
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7 February 01:15 PM Modern Mills rolls out IPO plans on Tadawul
Riyadh – Mubasher: Modern Mills Company (MMC) plans to proceed with the initial public offering (IPO) to trade 30% of its shares on the Main Market of the Saudi Exchange (Tadawul). After obtaining the approval of the Capital Market Authority (CMA) …
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1 January 01:46 PM CMA approves IPOs of Saudi aluminium firm Talco, Modern Mills
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the registration and the initial public offering (IPO) of Modern Mills for Food Products Company, while the prospectus will be published within sufficient time ahead of commencing the …
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31 December 2023 01:38 PM eXtra announces IPO plans for subsidiary
Riyadh – Mubasher: United Electronics Company (eXtra) plans to conduct an initial public offering (IPO) for its subsidiary United International Holding Company, according to a bourse disclosure. The subsidiary owns United Company for Financial …
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21 December 2023 05:20 PM MBC Group IPO attracts SAR 1.4bn orders in retail investor tranche
Riyadh – Mubasher: The MENA region’s media company MBC Group witnessed 359,464 total retail investors placing orders worth SAR 1.46 billion during its IPO process. The subscription coverage reached 17.60 times the offered shares in the retail …
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13 December 2023 00:52 PM Property developer View commences trading on Nomu
Riyadh – Mubasher: View United Real Estate Development Company has listed its shares on the Saudi Exchange (Tadawul) to be traded on Nomu, the parallel market, on Wednesday, 13 December 2023. Tadawul listed View under the trading symbol 9591 and …
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12 December 2023 09:57 AM MBC Group announces final IPO price for Tadawul listing
Riyadh – Mubasher: MBC Group settled the final price for its initial public offering (IPO) on the Main Market of the Saudi Exchange (Tadawul) at SAR 25 per share, according to a press release. The IPO raised gross proceeds of nearly SAR 831 …