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22 June 11:33 PM

IPO News

Aramco IPO timing 'not critical', can be delayed beyond 2019 – Al-Falih
21 June 05:00 PM Aramco IPO timing 'not critical', can be delayed beyond 2019 – Al-Falih
Riyadh – Mubasher: The timing of Saudi Aramco's initial public offering (IPO) isn't critical and can be postponed to 2019 or afterwards, Saudi minister of energy, industry and mineral resources Khalid Al-Falih has said. "It would be nice" if the …
Initial Public Offerings
Warba's issue premium will be 80 fils per share
21 June 10:13 AM Warba Bank gets nod to 50% capital hike
Mubasher: Warba Bank was granted the Central Bank’s (CBK) approval of increasing the capital by 50% to boost the bank’s regulatory capital adequacy ratio. The capital hike will be executed by issuing new shares through an initial public offering …
Initial Public Offerings
Fresh plans to increase sales to EGP 7 billion
19 June 03:31 PM Fresh Electric mulls floating 20% stake on EGX
 Cairo – Mubasher: Fresh Electric Company for Home Appliances is looking to list a 20% stake on the Egyptian Exchange (EGX) in the coming period. The Egypt-based firm also plans to raise production capacity of semi-automatic washing machines by …
Initial Public Offerings
Pharos Holding and Arab African Investment Holding are among the banks
14 June 12:29 PM Three investment banks aim to manage Eastern Co’s IPO
Cairo – Mubasher: Three banks are seeking to manage the sale of Chemical Industries Holding Co’s 4% stake in Eastern Co on the Egyptian Exchange (EGX). Pharos Holding for Financial Investments and Arab African Investment Holding, a subsidiary of …
Initial Public Offerings
Acwa Power expects its IPO to be carried out during the second half of 2018
10 June 01:49 PM Saudi’s Acwa Power expects IPO in H2-18
Riyadh – Mubasher: Acwa Power has appointed financial and legal advisors for its upcoming initial public offering (IPO). We expect the IPO to be carried out sometime during the second half of 2018, Acwa Power chairman Mohammad A. Abunayyan told …
Initial Public Offerings
Al Gioshy Steel to float stake on EGX in 2019
4 June 01:22 PM Al Gioshy Steel to float stake on EGX in 2019
Cairo – Mubasher: Al Gioshy Steel plans to offer a stake of its share on the Egyptian Exchange (EGX) next year. The company aims to establish a new production line at its factory in the 6th of October city with EGP 500 million in investments by …
Corporate Actions
Saudi CMA OKs listing 30% stake of National Company for Learning & Education
31 May 10:13 AM Saudi CMA OKs listing 30% stake of National Company for Learning & Education
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the launch of an initial public offering (IPO) for 13 million shares, representing a 30.23% stake in National Company for Learning & Education on the Saudi Stock Exchange …
Initial Public Offerings
“A final decision has not been made"
27 May 12:00 PM VPS Healthcare hires Rothschild for IPO
Abu Dhabi – Mubasher: VPS Healthcare has hired Rothschild & Co. to advise it on a planned initial public offering (IPO) in London. The Abu Dhabi-based company’ offering could take place in 2019, informed sources told Bloomberg News. “A final …
Initial Public Offerings
Photo Archive
25 May 05:28 PM Aramco’s IPO likely slotted for 2019
Riyadh - Mubasher: The initial public offering (IPO) of Saudi Aramco, the world’s biggest oil company, will most likely be held next year, according to the Saudi minister of energy, industry and mineral resources, Khalid Al-Falih. The delay in the …
Initial Public Offerings
Ataa is one of the largest educational firms in the Kingdom
22 May 02:00 PM HSBC Saudi unit to manage Ataa Educational's IPO on Tadawul
Riyadh – Mubasher: Saudi Arabia-based Ataa Educational Company has announced hiring HSBC Saudi Arabia as a financial advisor, underwriter, and book runner for the planned initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). Ataa is …
Companies Investments
MG Developments plans to offer a stake of its shares on the EGX by the end of 2019
22 May 01:28 PM MG Developments to float stake on EGX end-2019
Cairo – Mubasher: MG Developments plans to offer a stake of its shares on the Egyptian Exchange (EGX) by the end of 2019, as well as raise its capital to finance new real estate projects. The real estate developer is currently getting ready for …
Initial Public Offerings
The government IPO programme aims at boosting the Egyptian bourse’s performance
21 May 03:37 PM Misr Insurance Holding to float 2 subsidiaries on EGX
Cairo – Mubasher: Misr Insurance Holding Company’s extraordinary general meeting (EGM) approved to float stakes in two subsidiaries, namely Misr Insurance and Misr Life Insurance, on the Egyptian Exchange (EGX) within the framework of the …
Initial Public Offerings
Ghabbour has not revealed any further details regarding the value or size of the stake
20 May 12:24 PM GB Auto to float GB Capital on EGX in 2020
Cairo – Mubasher: Ghabbour Auto (GB Auto) plans to offer a stake in its unit, GB Capital, on the Egyptian Exchange (EGX) by 2020. The financial investment firm is currently conducting the required legal procedures for the initial public offering, …
Initial Public Offerings
The Dubai-based school operator is set to unveil plans to be listed on the London Stock Exchange
16 May 11:12 AM GEMS Education proceeds with IPO plans
Dubai – Mubasher: GEMS Education is reportedly drawing up a plan to launch an initial public offering (IPO).  The Dubai-based school operator is set to unveil plans to be listed on the London Stock Exchange, informed sources told Bloomberg News. …
Initial Public Offerings