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19 October 11:49 PM

IPO News

This came after plans to take GEMS Education public were suspended
16 October 02:22 PM Dubai's GEMS Education owners mull 25% stake sale
Dubai– Mubasher: Investors in GEMS Education are considering a sale of a 25% stake in the UAE-based international education operator, sources with knowledge of the matter said on Tuesday.   This came after plans to take GEMS Education public were …
Initial Public Offerings
The EGX will support any company interested in increasing investments through going public
15 October 03:26 PM EGX nets EGP 5.2bn from 4 IPOs in 10M
Cairo – Mubasher: The Egyptian Exchange (EGX) has witnessed four initial public offering (IPOs) in the first 10 months of 2018 at a combined value of EGP 5.2 billion, compared to EGP 3.9 billion in the year-ago period. These IPOs are CI Capital, B …
Corporate Actions
Investors must read the terms and conditions to know all details about the fund
15 October 09:59 AM CMA OKs Albilad Murabaha Fund’s IPO
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved AlBilad Investment Company’s request to implement an initial public offering (IPO) for Albilad Murabaha Fund. Investors must read the terms and conditions to know all details …
Management Decisions
The IPO will take place during the period between 22 and 28 October
14 October 04:36 PM Al Dukheil sets NCLE’s IPO price at SAR 19/shr
Riyadh – Mubasher:  Al Dukheil Financial Group, the financial advisor and lead manager of the National Company for Learning and Education (NCLE), on Sunday announced that it has set the share issue price of NCLE’s initial public offering (IPO) at …
Initial Public Offerings
The IPO has been executed through 29.5 million shares
11 October 03:58 PM Sarwa Capital’s IPO on EGX raises EGP 2.1bn
Cairo – Mubasher: The Egyptian Exchange (EGX) on Thursday said that the initial public offering (IPO) and the private offering of Sarwa Capital have been implemented at a combined value of EGP 2.17 billion. The IPO has been executed through 29.5 …
Corporate Actions
The IPOs are forecast to take place in various sectors
10 October 08:45 PM UAE bourses to see 8-10 IPOs in 2019 - Survey
By: Mahmoud Gamal  Dubai - Mubasher: The UAE's stock markets are expected to see eight to ten initial public offerings (IPOs) in 2019 and early 2020, according to Mubasher’s recent survey. The IPOs are forecast to take place in various sectors …
Trading Activities
Total purchasing orders on the private offering reached 887.4 million shares
10 October 04:53 PM Sarwa Capital IPO 30.1x oversubscribed
Cairo – Mubasher: Sarwa Capital’s initial public offering (IPO) has been oversubscribed 30.1 times, the Egyptian Exchange (EGX) said on Wednesday. Total purchasing orders on the private offering reached 887.4 million shares, the Egyptian bourse …
Initial Public Offerings
EFG Hermes has revealed plans to raise the number of its employees
10 October 01:58 PM EFG Hermes eyes Saudi Arabia’s IPOs
Cairo – Mubasher: EFG Hermes is seeking to win a tender for the management of initial public offerings (IPOs) in Saudi Arabia as it seeks to expand in the Saudi market, co-head of investment banking Mohamed Fahmi said. The leading investment bank …
Companies Investments
Photo Archive
9 October 08:55 PM Egyptian, Gulf investors dominate demand on Sarwa Capital offering
Cairo - Mubasher: Gulf investors have dominated around 30% to 35% of the total orders on the private offering by Sarwa Capital, according to the head of the brokerage sector at Beltone Financial Holding. Sarwa Capital Holding for Financial …
Initial Public Offerings
EFG Hermes and Renaissance Capital are working jointly as the global offering coordinators
8 October 02:12 PM Hassan Allam eyes IPO on EGX, GDR listing on LSE
Cairo – Mubasher: Hassan Allam Holding is looking to offer up to 44.3% of the company’s shares on the Egyptian Exchange (EGX), in addition to listing global depositary receipts (GDRs) on the London Stock Exchange (LSE). Leading investment bank EFG …
Trading Activities
Qalaa Holdings likely to generate between $1.5 billion and $1.6 billion in EBITDA
8 October 12:18 PM Qalaa Holdings eyes unit IPOs in 2019
Cairo – Mubasher: Qalaa Holdings is expected to offer stakes in Taqa Arabia and the Egyptian Refining Company (ERC) for sale on the Egyptian Exchange (EGX) in the fourth quarter of 2019, chairman said. The ERC project located in Mostorod will …
Initial Public Offerings
The Crown Prince of Saudi Arabia Mohammed bin Salman
5 October 11:41 PM Aramco’s IPO expected in 2020 - Crown Prince
Riyadh - Mubasher: Saudi Arabia is determined to go through with the intimal public offering of the world’s biggest oil company, according to Crown Prince Mohammed bin Salman who told Bloomberg that the IPO will be accomplished by 2021. Previous …
Trading Activities
Photo Archive
5 October 09:07 PM ENPPI inks deal for IPO with CI Capital, Jefferies, Emirates NBD
Cairo - Mubasher: The Egyptian Engineering for Petroleum and Process Industries (ENPPI), representing the Egyptian General Petroleum Corporation (EGPC), on Friday has signed an agreement with the alliance of CI Capital, Jefferies Bank and Emirates …
Initial Public Offerings
The private offering has been oversubscribed 10.83 times
4 October 11:45 AM Sarwa Capital sets final IPO price at EGP 7.36/shr
Cairo – Mubasher: Sarwa Capital on Thursday announced the completion of its private offering’s book building. The final price of the initial public offering (IPO) has been set at EGP 7.36 per share, the company added in a statement. The private …
Corporate Actions
EFG Hermes will manage Eastern Co’s additional 4.5% stake offering on the EGX
3 October 12:37 PM EFG Hermes to manage Eastern Co’s additional offering on EGX
Cairo – Mubasher: Chemical Industries Holding Company and EFG Hermes have signed a deal to manage and begin the roadshow of Eastern Co’s initial public offering (IPO). Upon the deal, the leading investment bank will manage Egypt's monopoly …
Initial Public Offerings
The company will direct nearly EGP 700 million of the proceeds to boost capital
2 October 02:01 PM Sarwa Capital eyes EGP 2bn IPO proceeds
Cairo – Mubasher: Sarwa Capital is looking to raise as much as EGP 2 billion in proceeds from its initial public offering (IPO) on the Egyptian Exchange (EGX), managing director said. The company will direct nearly EGP 700 million of the proceeds …
Initial Public Offerings
The emerging markets crisis will not affect the government IPOs programme
2 October 12:28 PM Eastern Co to float further stake in October
Cairo – Mubasher: Eastern Co will offer a further stake of 4.5% on the Egyptian Exchange (EGX) in October, a government source said. The initial public offering (IPO) will take place in the second half of this month, the source told Enterprise. …
Initial Public Offerings
Sarwa Capital expects to begin EGX trading mid-October
1 October 05:14 PM Sarwa Capital expects to begin EGX trading mid-October
Cairo – Mubasher: Sarwa Capital Holding expects to begin trading its shares on the Egyptian Exchange (EGX) as of 15 October. Subscription for its shares as part of an initial public offering (IPO) will begin on Wednesday, 3 October and end on …
Companies Investments
Photo Archive
25 September 06:55 PM Cairo Investment IPO oversubscribed 19 times - EGX
Cairo - Mubasher: The Egyptian Exchange (EGX) said that the initial public offering (IPO) of Cairo Investment and Real Estate Development was oversubscribed by 18.87 times.  Purchase orders totalled 273.78 shares, the bourse said in a statement on …
Trading Activities
Aramco to postpone IPO after acquiring stake in SABIC – CEO
24 September 02:50 PM Aramco IPO delayed until after SABIC stake acquisition - FT
Riyadh – Mubasher: Saudi Aramco has postponed its potential initial public offering (IPO) until after it finishes its acquisition of a majority stake in the Saudi Basic Industries Corporation (SABIC), CEO Amin Nasser told the Financial Times (FT). …
Initial Public Offerings
EGA exports around 90% of its output
24 September 09:26 AM US aluminium taxes delay EGA’s IPO
Dubai – Mubasher: US President Donald Trump’s decision of imposing tariffs on aluminium imports has prompted Emirates Global Aluminium (EGA) to delay its initial public offering (IPO) plan.  EGA, the UAE's largest industrial company outside oil …
Corporate Actions
Azizi Developments has 200 underway projects
23 September 12:46 PM Azizi Developments considers IPO – Chairman
Dubai – Mubasher: Azizi Developments is weighing up the launch of an initial public offering (IPO) for its hospitality and development divisions. The IPO decision will depend on the result of the year-end audit report, the company’s chairman …
Companies Investments
The privitisation programme is the centerpiece of Crown Prince Mohammed bin Salman’s “Vision 2030” reform plan
20 September 01:49 PM Saudi Arabia slows down privatisation plans
Riyadh – Mubasher: The delay of the local and international initial public offerings (IPOs) of state-run Saudi Aramco is the latest sign that the Kingdom is slowing down its privitisation drive. Set by the government three years ago when Brent …
Companies Investments
National Company For Learning’s capital amounts to SAR 300 million
20 September 01:05 PM National Co For Learning to offer 30% stake on Tadawul
Riyadh – Mubasher: National Company For Learning & Education unveiled plans to list a 30.23% stake, or 13 million shares, on the Saudi Stock Exchange (Tadawul). The initial public offering (IPO) for institutional investors will start on Monday, 1 …
Initial Public Offerings
The initial public offerings (IPOs) will include floating firms which are currently unlisted on the bourse
12 September 12:24 PM Egypt eyes offering 5 gov’t IPOs on EGX early 2019 - Minister
Cairo – Mubasher: The government is planning to offer a stake in around five state-run companies on the Egyptian Exchange (EGX) in the first quarter of 2019, the finance minister said. The initial public offerings (IPOs) will include floating …
Corporate Actions