IPO News

Shares of e-finance opened at EGP 13.98 apiece

3 hours ago e-finance sets record as Egypt's largest IPO

Cairo – Mubasher: e-finance For Digital and Financial Investments has debuted its trading on the Egyptian Exchange (EGX) on Wednesday under the ticker symbol of EFIH.CA. The fintech platform has set a record as the largest offering in Egypt with …

Initial Public Offerings

e-finance debuted its trading on the EGX on Wednesday

4 hours ago Foreign investors make up 72% of demand for e-finance's offering

Cairo – Mubasher: The offering of e-finance For Digital and Financial Investments has attracted strong demand from investors and investment funds from various countries such as the UAE, Saudi Arabia, Kuwait, the UK, the US, and Sweden, along with …

Initial Public Offerings

The offering size was confirmed at 1.145 billion ordinary shares

5 hours ago Fertiglobe completes IPO bookbuilding process, sets final offer price

Abu Dhabi - Mubasher: Fertiglobe has completed the bookbuilding process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) and set the final offer price at AED 2.55 per ordinary share. The offering size was confirmed …

Companies Investments

The company seeks to list 55 million ordinary shares on the Nasdaq

19 October 03:44 PM Mubadala's GlobalFoundries launches IPO at $42-$47 per share

UAE - Mubasher: GlobalFoundries (GF), a chipmaker owned by Abu Dhabi's Mubadala Investment Company, has launched its initial public offering (IPO) with an expected price of between $42 and $47 per share. The company seeks to list 55 million …

Initial Public Offerings

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18 October 04:48 PM AFG announces IPO of Group Five Pipe Saudi

Riyadh – Mubasher: Aldukheil Financial Group (AFG) announced the initial public offering (IPO) of Group Five Pipe Saudi Company and the listing of its shares on the Saudi Exchange’s (Tadawul) Parallel Market (Nomu). The financial advisor AFG said …

Initial Public Offerings

Trading on e-finance’s issued shares will start on 20 October

18 October 03:22 PM EGX executes public, private offerings on e-finance at EGP 5.84bn

Cairo – Mubasher: The Egyptian Exchange (EGX) said that the public and private offerings of e-finance for Digital and Financial Investments have been executed on 417.777 million shares, representing 26.10% of the company’s issued capital, at a …

Initial Public Offerings

Purchasing orders included 1.58 billion shares

17 October 04:39 PM e-finance's IPO oversubscribed by 61.36 times

Cairo – Mubasher: The initial public offering (IPO) of e-finance For Digital and Financial Investments has been oversubscribed by 61.36 times. Purchasing orders placed on the shares of e-finance included 1.58 billion shares, the Egyptian Exchange …

Initial Public Offerings

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 …

Initial Public Offerings

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) …

Initial Public Offerings

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 …

Initial Public Offerings

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 …

Initial Public Offerings

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 …

Initial Public Offerings

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, …

Initial Public Offerings

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 …

Initial Public Offerings

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, …

Initial Public Offerings

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 …

Initial Public Offerings

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 …

Initial Public Offerings

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 …

Initial Public Offerings

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 …

Initial Public Offerings

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% …

Initial Public Offerings

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 …

Initial Public Offerings

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 …

Initial Public Offerings

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 …

Initial Public Offerings

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 …

Companies Investments

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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 …

Initial Public Offerings