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IPO News

No new date was set for the IPO
05:01 PM Saudi Aramco defers IPO until release of Q3-19 results
Riyadh – Mubasher: Saudi Aramco has reportedly postponed planned initial public offering until the posting of the company’s result for the third quarter of 2019, informed sources told Reuters. The sources added that no new date was set for the …
This is EFG Hermes’ fifth IPO on the LSE
15 October 11:13 AM EFG Hermes completes advisory on GBP 288m IPO of Helios Towers
Cairo – Mubasher: EFG Hermes announced the conclusion of advisory to Helios Towers on its GBP 288 million initial public offering (IPO) on the London Stock Exchange (LSE). EFG Hermes acted as joint bookrunner on the IPO with the stock of the …
Aramco’s IPO comes along with Saudi Arabia’s Vision 2030
14 October 12:43 PM Saudi Aramco’s IPO to be announced ‘very soon’ – CEO
Riyadh – Mubasher: Saudi Aramco’s initial public offering (IPO) will be announced “very soon”, Al Arabiya reported citing Yasir Al Rumayyan, CEO of Saudi Aramco. Al Rumayyan added that the kingdom is working on this IPO three years ago. Aramco’s …
Shamal Az Zour’s profits exceeded KWD 12 million in FY
7 October 04:56 PM Shamal Az Zour’s IPO subscription reaches 17% in 6 days
Mubasher: The number of Kuwaiti subscribers for Shamal Az Zour Al Oula Power and Water Company’s initial public offering (IPO) has reached 24,000 or a rate of 167 subscribers per hour until Sunday, 6 October. The IPO offering was oversubscribed by …
The United Bank has a capital of EGP 3.5 billion
3 October 05:52 PM United Bank’s stake sale advisers to be announced next week
By: Islam Fadl Cairo – Mubasher: The Central Bank of Egypt (CBE) has selected two investment banks to manage the sale of a stake in the Egyptian state-owned United Bank, the CBE’s governor Tarek Amer said. Regulatory approval for the appointment …
CMA’s chairman of the Board of Commissioners Ahmad Al Melhem
30 September 03:50 PM Kuwait’s CMA to launch Boursa Kuwait public offering on Tuesday
Mubasher: Kuwait’s Capital Markets Authority (CMA) announced the launch of the public offering for its full 50% stake in Boursa Kuwait Securities Company on Tuesday, 1 October. Upon completion of the offering, Boursa Kuwait shall become the only …
The privatisation programme's second phase was postponed to January
25 September 10:43 AM Egypt to float shares of 5-6 state-run firms in FY19/20 – PM
Cairo – Mubasher: The Egyptian government is set to float shares of five to six state-run companies on the Egyptian Exchange (EGX) during fiscal year 2019/2020, the country’s prime minister Mostafa Madbouly said. Five to six state-owned firms are …
Deutsche and UBS did not comment
21 September 04:27 PM Aramco hires 2 global banks for IPO
Riyadh – Mubasher: Saudi Aramco hired UBS Group and Deutsche banks as bookrunners for its initial public offering (IPO), informed sources told Reuters on Saturday. The mega oil company assigned global coordinators roles to nine banks, the …
Two state-owned firms will likely list shares on the EGX
15 September 02:34 PM EGX likely to see 4 IPOs before end 2019 – Official
By: Ahmed Allam Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to witness four companies listing their shares in initial public offerings (IPOs) before the end of 2019, head of central department for corporate finance at the Financial …
Acwa Power's headquarters
11 September 05:04 PM Saudi PIF negotiates higher stake in Acwa Power
Riyadh – Mubasher: Saudi Arabia’s Acwa Power Company is in talks with Public Investment Fund of Saudi Arabia (PIF) to increase the fund’s stake in the company to 35% from 25%, Acwa’s chairman, Mohammad Abdullah Abunayyan, stated on Wednesday …
Saudi IPOs market soared in 6M
10 September 08:18 PM Saudi M&As amount to $72.6bn in H1-19
Dubai – Mubasher: The value of Saudi Arabian mergers and acquisitions (M&A) market surged to $72.6 billion during the first six months of 2019. The boom in the kingdom’s M&A market was based on a mega acquisition conducted by Saudi Aramco, …
The company will wait to meet expected profitability before making a final decision on the IPO
4 September 11:54 AM Sobha Realty to file for IPO in 2022
UAE – Mubasher: Sobha Realty, a premium real estate developer based in Dubai, intends to file for an initial public offering (IPO) in 2022, the Banker Middle East reported. The company will wait to meet expected profitability before making a final …
The second phase of the programme include ten state-run companies
1 September 11:19 AM Egypt postpones 2nd phase of privatisation programme to early 2020
Cairo – Mubasher: Egypt’s second phase of state privatisation programme has been postponed from the planned date of September to January 2020, the country’s the public enterprise minister Hisham Tawfik told Enterprise. “Some procedures have taken …
Growthgate Capital had acquired a 33.3% stake in Averda in 2008
22 August 01:43 PM Dubai's Averda Int’l in talks with banks over $700m potential IPO
UAE – Mubasher: Dubai-based Averda International, a leading waste management firm based in Dubai, is in preliminary talks with banks over a $700 million potential initial public offering (IPO), Reuters reported, citing two sources familiar with …