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20 April 11:58 AM

IPO News

A slew of companies, including EFG Hermes One, advises Bloom Holding on the potential share sale
18 April 10:29 AM Bloom Holding still mulls share sale – CEO
Abu Dhabi – Mubasher: UAE-based Bloom Holding is still considering offering a stake of its shares on the stock market, CEO Sameh Muhtadi has said. A slew of companies, including EFG Hermes One, advises Bloom Holding on the potential share sale, …
Corporate Actions
The new IPOs are a money-generation instrument
15 April 12:50 PM Emaar's new IPOs to see generous dividends - Analysts
By: Mahmoud Gamal Dubai – Mubasher: Emaar Properties plans to launch two initial public offerings (IPOs) in the coming years in order to be able to distribute generous dividends and pay some dues, analysts told Mubasher on Sunday. Earlier in …
Initial Public Offerings
Overseas investors are pumping more liquidity which positively affects the bourse
9 April 10:42 AM Saudi bourse banks on foreign funds to boost Aramco IPO – CEO
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is expected to see a growing foreign fund inflow that in return will ease the planned initial public offering (IPO) of Saudi Aramco, CEO Khalid al-Hussan has said. Overseas investors are …
Corporate Actions
Egyptian petroleum minister Tarek El-Molla
4 April 02:05 PM Share sale to boost Enppi competitive edge – Minister
Cairo – Mubasher: The share sale of Engineering for the Petroleum & Process Industries (ENPPI) as part of the Egyptian government initial public offerings (IPOs) programme will reinforce the company’s competitiveness with major international …
Macroeconomics
Damac was awarded the $1bn Mina Sultan Qaboos Waterfront
4 April 01:40 PM Damac denies floating stake in hospitality arm
Dubai – Mubasher: Damac Properties has no plan to offer the shares of its hospitality arm, DAMAC Maison, on the UAE markets, chairman Hussain Sajwani said. The UAE-based developer’s management does not consider selling any stakes in the parent …
Initial Public Offerings
CI Capital is considering to allocate 10% of the stake for public subscription
4 April 12:13 PM CI Capital to float 43.6% stake in Q2
Cairo – Mubasher: CI Capital Holding is expected to offer a 43.6% stake of its capital in the second quarter of 2018 at a total value of EGP 100 million ($1.8 billion). The Egyptian investment bank is considering to allocate 10% of the stake for …
Initial Public Offerings
The EGX is likely to see 5 or 6 listings of private sector firms in 2018
3 April 11:08 AM EGX to see 2 state-owned firms' IPOs in 2018 - Chairman
Cairo – Mubasher: Only two state-run companies are projected to be listed on the Egyptian Exchange (EGX) this year, bourse chairman Mohamed Farid said. He also noted that the already floated shares from nine listed state-run firms will be raised, …
Initial Public Offerings
The CMA's move is the final regulatory step for the listing of state-owned Aramco.
29 March 10:51 AM Saudi bourse's rules to be ready for Aramco share sale in June - CMA
Riyadh – Mubasher: Saudi Arabia forecasts to launch a slew of regulations by the end of next June in a bid to prevent large declines in stocks’ prices of recently-listed firms, Saudi Capital Market (CMA) chairman Mohammed Elkuwaiz said. The CMA's …
Initial Public Offerings
Aramco’s IPO on track; ‘downstream’ in focus – CEO
27 March 04:54 PM Aramco’s IPO on track; ‘downstream’ in focus – CEO
Riyadh – Mubasher: Talks of Saudi Aramco’s planned initial public offering (IPO) are underway, as the offering is still likely to be launched in the second half of 2018, CEO Amin Nasser told Bloomberg television on Tuesday. "I think there is a lot …
Initial Public Offerings
Chemical Industries holds a 55% stake in Eastern Co
27 March 12:51 PM Chemical Industries to offer 4% of Eastern Co on EGX
Cairo – Mubasher: Chemical Industries Holding Company plans to sell a 4% of its shares in Eastern Co as part of the government's initial public offerings (IPOs) programme. The Egyptian chemicals firm aims to allocate the return on sale (ROS) of …
Corporate Actions
Photo Archive
23 March 02:11 AM Aramco’s IPO could take place in 2018 - Minister
Riyadh - Mubasher: The Saudi minister of energy revealed that the highly-anticipating public listing of Saudi Aramco could happen this year. Khalid Al-Falih told CNBC in an interview on Thursday that Aramco, the world’s biggest oil company, await …
Initial Public Offerings
Al Mal Capital’s investments could reach AED 2-2.5 billion
20 March 02:05 PM Al Mal Capital to arrange 2 IPOs in 2018
Dubai – Mubasher: Al Mal Capital, a subsidiary of Dubai Investments, is working now on listing one or two companies on the Dubai Financial Market (DFM) by the end of 2018, company CEO Naser Nabulsi said.  Al Mal Capital’s investments in various …
Companies Investments
Al Awqaf Egyptian Authority is in talks with BPE Partners for an EGX stake
19 March 01:50 PM Egypt’s Al Awqaf Authority to inject EGP 100m in B Investments
Cairo – Mubasher: Al Awqaf Egyptian Authority is in talks with BPE Partners, known as B Investments to acquire a stake in the company for EGP 100 million through the company’s shares on the Egyptian Exchange (EGX). Authority chairman Ahmed Abdel …
The EGX expects to see up to 5 private companies' IPOs in 2018
19 March 12:34 PM Up to 5 private firms to launch IPOs in 2018 – EGX vice chairman
Cairo – Mubasher: The Egyptian Exchange (EGX) expects to see between four and five private companies launch initial public offerings (IPOs) on the bourse this year, EGX vice chairman Mohsen Adel said on Monday. These companies will be operating in …
In September 2018, ENPPI's IPO will be taken place
19 March 12:02 PM Egypt eyes raising EGP 12-15bn from gov’t IPOs in 2018
Cairo – Mubasher: Egypt aims to raise stakes of four or six state-owned firms listed on the Egyptian Exchange (EGX) this year in a bid to collect between EGP 12 billion and EGP 15 billion ($679 million - $848 million), finance minister Amr …
Initial Public Offerings
The fund will be listed under the REITs sector
18 March 05:17 PM Alrajhi REIT Fund’s units listing, trading to start Tuesday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) said that listing and trading on units of Alrajhi Real Estate Investment Traded Fund (Alrajhi REIT Fund) will start as of Tuesday, 20 March, with the symbol 4340, and with 10% daily price …
Trading Activities
The IPO will last for 15 working days until 8 April 2018
18 March 11:15 AM IPO of Swicorp Wabel REIT to take place Monday on Tadawul
Riyadh – Mubasher: Swicorp Wabel announced that it will implement an initial public offering (IPO) for Swicorp Wabel Real Estate Investment Traded Fund’s (Swicorp Wabel REIT) units starting from Monday, 19 March on the Saudi Stock Exchange …
Initial Public Offerings
CMA warned that its approval should not be considered as a recommendation to subscribe in the fund
13 March 07:15 PM Saudi CMA nods to Arbah Capital’s fund IPO
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Tuesday announced its approval of Arbah Capital’s request to launch an initial public offering (IPO) for units in its Arbah GCC Diversified Trade Fund. Investors should carefully read …
Initial Public Offerings
The main ally to the Kingdom is its emerging market status
13 March 12:46 PM Aramco’s global listing proves hard – Reuters
Riyadh – Mubasher: Saudi Arabia is settling for a local listing while its planned international initial public offering (IPO) seems a thankless task, informed sources told Reuters. In this battle, the Kingdom's main ally is its emerging market …
Initial Public Offerings