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IPO News

Trading on the stock will begin on 18 October
14 October 03:59 PM Emerald Development raises EGP 57.6m in public, private offerings
Cairo – Mubasher: The public and private offerings of Emerald Development & Projects Management have been executed on 45 million shares, representing 10.59% of the company’s issued shares, at a price of EGP 1.28 per share, totalling EGP 57.6 …
The company's private offering has been oversubscribed by 190%
13 October 04:29 PM Emerald Development's public offering oversubscribed by 26.34 times
Cairo – Mubasher: The initial public offering (IPO) of Emerald Development & Projects Management has been oversubscribed by 26.34 times. Purchasing orders placed on the shares of Emerald included 414.817 million shares, the Egyptian Exchange (EGX) …
The company is expected to raise around $765 million to $827 million
13 October 09:56 AM Fertiglobe sets IPO offer price range on ADX
Abu Dhabi - Mubasher: Abu Dhabi-based Fertiglobe has set the offer price range for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) between AED 2.45 to AED 2.65 per share. The offer price range for the IPO …
The final deadline for placing orders for IPO is on 17 October
12 October 04:32 PM Egypt's e-finance sets final price for IPO at EGP 13.98/shr
Cairo – Mubasher: Egypt's e-finance For Digital and Financial Investments has set the final price for its initial public and private offerings on the Egyptian Exchange (EGX) at EGP 13.98 per share.  The final deadline for placing orders for the …
NFC received the approval of the CMA for the IPO
12 October 10:38 AM Nayifat Finance to proceed with IPO on Tadawul
Riyadh - Mubasher: Nayifat Finance Company (NFC) has intended to proceed with listing its ordinary shares on the Saudi Stock Exchange (Tadawul). On 29 September 2021, NFC received the approval of the Capital Market Authority (CMA) for the initial …
Financial Regulatory Authority
12 October 10:30 AM FRA approves e-finance's share offering raise
Cairo – Mubasher: The Financial Regulatory Authority (FRA) approved a request by Egypt's e-finance for Digital and Financial Investments to raise the number of the offered shares for sale to 417.77 million, representing 26.1% of the total shares, …
Details of the IPO will likely be announced during October
7 October 11:58 AM Tadawul reportedly close to IPO with expected valuation of $4bn
Riyadh – Mubasher: The Saudi Exchange (Tadawul) is reportedly close to launching an initial public offering (IPO) that could value it at $4 billion, people familiar with the matter told Bloomberg.  Details of the IPO will likely be announced …
The offering includes the sale of up to 257.77 million shares
6 October 02:26 PM FRA approves e-finance's IPO prospectus
Cairo – Mubasher: The Financial Regulatory Authority (FRA) approved the publication of the initial public offering (IPO) prospectus of e-finance For Digital and Financial Investments. The offering includes the sale of up to 257.77 million shares, …
The offering included the allocation of 29.25 million shares
5 October 03:40 PM Emerald Development’s private offering 190% oversubscribed
Cairo – Mubasher: The private placement of Emerald Development & Projects Management has been oversubscribed by 190%. The offering included the allocation of 29.25 million shares at a price of EGP 1.28 apiece, the company said in a statement to …
Acwa Power plans to float 81.19 million shares
3 October 11:28 AM ACWA Power's institutional offering 248 times oversubscribed with SAR 1.12trn orders
Riyadh – Mubasher: International Company for Power and Water Projects (ACWA Power) has completed the book-building process for the participating parties tranche of the initial public offering (IPO). The institutional offering has been 248 times …
ADNOC Drilling's IPO will secure more than $1.1 billion
3 October 10:07 AM ADNOC Drilling commences trading on ADX
Abu Dhabi - Mubasher: Abu Dhabi National Oil Company (ADNOC) will list on Sunday ADNOC Drilling Company on the Abu Dhabi Securities Exchange (ADX). ADNOC Drilling's IPO will secure more than $1.1 billion, to become the largest ADX listing to date …
Proceeds from the IPO will be used to finance the company's expansion plans
30 September 01:47 PM Egypt's e-finance sets IPO price range
Cairo – Mubasher: Egypt's e-payments and fintech platform e-finance has set the price range for its planned initial public offering (IPO) between EGP 12.50 and 13.98 per share The final price of the IPO will be announced on 9 October based on the …
The offering will secure $1.2 billion for ACWA
29 September 01:45 PM ACWA Power sets IPO offer price
Riyadh - Mubasher: Saudi Arabia-based ACWA Power International, specialised in developing renewable energy projects, has set the offer price for its initial public offering (IPO) at SAR 56 riyals ($14.93) per share, Bloomberg reported. To be 44% …
EFG Hermes has been appointed as an advisor
29 September 10:37 AM Abu Auf's parent firm plans to go public on EGX in Q2-22
Cairo – Mubasher: Abu Auf’s parent company, AUF, plans to float a stake on the Egyptian Exchange (EGX) in the second quarter of 2022.  EFG Hermes has been appointed as an advisor for the offering, AUF said in a statement on Tuesday.  in Egypt, the …
The final offer price has been set at SAR 151 a share
28 September 02:23 PM solutions by stc's retail offering oversubscribed with SAR 8.6bn in orders
Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions by stc) announced the completion of the retail offering process for its initial public offering (IPO). The individual investors' tranche was oversubscribed with …
Emerald 10.59% of its shares
28 September 01:13 PM FRA approves Emerald's prospectus
Cairo – Mubasher: The Financial Regulatory Authority (FRA) approved the publication of Emerald Development & Projects Management's prospectus to float 45 million shares, representing a 10.59% stake, at a price of EGP 1.28 apiece.  The offering …
The offer price of AED 2.3 per share remains unchanged
22 September 12:24 PM ADNOC raises IPO offering size for drilling unit
UAE - Mubasher: Abu Dhabi National Oil Company (ADNOC) has increased the size of the initial public offering (IPO) of ADNOC Drilling Company (ADNOC Drilling) from 1.2 billion ordinary shares to 1.76 billion ordinary shares, equivalent to 11% of …
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22 September 09:57 AM stc says nearly SAR 4bn raised through solutions by stc IPO
Riyadh – Mubasher: Saudi Telecom Company (stc) said that the total proceeds from the initial public offering (IPO) of the Arabian Internet and Communications Services Company (solutions by stc) amounted to SAR 3.624 billion. This value was …
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16 September 10:46 AM solutions by stc’s final IPO price is set at SAR 151/shr
Riyadh – Mubasher: The final price for the initial public offering (IPO) of Arabian Internet and Communications Services Company (solutions by stc) has been set at SAR 151 per share. The coverage ratio of the total IPO shares has reached 13,003%, …
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15 September 11:36 AM ACWA Power could raise SAR 4.5bn from IPO
Riyadh – Mubasher: ACWA Power is expected to raise up to SAR 4.55 billion ($1.2 billion) through its initial public offering (IPO), with the listing value reaching $11 billion, Bloomberg reported. The IPO would be the biggest offering in Riyadh …
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14 September 04:37 PM Price range for ACWA Power’s IPO is set at SAR 51-56/shr
Riyadh – Mubasher: The price range for the initial public offering (IPO) of the International Company for Power and Water Projects (ACWA Power) has been set at SAR 51 to SAR 56 per share, the Saudi Exchange (Tadawul) announced on Tuesday. The IPO …
ADNOC Drilling is expected to list on the ADX on or around 3 October
13 September 10:10 AM ADNOC sets offer price per share for ADNOC Drilling IPO
UAE - Mubahser: The Abu Dhabi National Oil Company (ADNOC) has announced an AED 2.3 offer price per share for the initial public offering (IPO) of ADNOC Drilling, the Emirates News Agency (WAM) reported. The offer price has been set by ADNOC as a …
This move is ahead of anticipated IPOs of several major companies
12 September 05:33 PM FRA amends EGX's listing regulations
Cairo – Mubasher: The Egyptian Financial Regulatory Authority's (FRA) board of directors approved new amendments to the listing regulations of the Egyptian Exchange (EGX).  Under the new amendments, companies looking to go public will have to …
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7 September 05:58 PM Burgerizzr to start trading on Wednesday
Riyadh – Mubasher: The Saudi Exchange (Tadawul) will begin the listing and trading of Mataam Bayt AlShatira Lilwajbat Alsariya Company’s (Burgerizzr) shares on the Parallel Market (Nomu) on Wednesday, 8 September. The daily and static fluctuation …
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6 September 12:52 PM ADNOC intends to float minority stake in drilling unit’s IPO
Abu Dhabi – Mubasher: ADNOC announced its plan to float a 7.5% minority stake of the subsidiary ADNOC Drilling on the Abu Dhabi Securities Exchange (ADX) in an initial public offering (IPO). The company said this would mark another key milestone …