IPO News

The company will raise its capital to EGP 120 million through a rights issue
20 November 06:05 PM MubasherTrade maintains Buy on Kafr El-Zayat
Cairo - Mubasher: MubasherTrade Research has reiterated the Buy/Moderate Risk rating for Kafr El-Zayat Pesticides, according to a recent report. The research firm also adjusted its price target for the stock from EGP 79.33 per share to EGP 52.89 …
The Dubai-based SHUAA Capital will build a market in Emaar Development futures to ease liquidity
20 November 02:48 PM SHUAA Capital to be market maker on Emaar Development
Dubai – Mubasher: The Dubai-based SHUAA Capital will build a market in Emaar Development futures to ease liquidity, Nasdaq Dubai said on Monday. The sale of shares in Emaar Development’s initial public offering (IPO) is valued at AED 4.82 billion, …
ADNOC will offer 1.25 billion to 2.5 billion shares of its fuel-station business at a par value of AED 0.08/shr
20 November 10:21 AM ADNOC distribution to launch IPO 26 November
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) plans to launch part of its distribution unit shares via an initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX) starting from 26 November. The Abu Dhabi-based …
Egyptian President Abd Elfattah El Sisi
19 November 11:06 PM El Sisi directs cabinet to speed up public sector's IPOs
Cairo - Mubasher: Egyptian President Abd Elfattah El Sisi has ordered the government to expedite carrying out the initial public offerings (IPO) programme in the Egyptian Exchange (EGX), in order to attract more investments. The Egyptian …
Emaar Development has set the final price of IPO at AED 6.03/shr
16 November 10:19 AM Emaar Development prices IPO at AED 6.03/shr
Dubai – Mubasher: Emaar Development has set the final price of its initial public offering (IPO) at AED 6.03 per share, according to a company statement to the Dubai Financial Market (DFM) on Thursday. The value of ordinary shares sold by Emaar …
Emaar Properties launched on 2 November an IPO
15 November 11:55 AM Emaar Development’s IPO value rises to AED 4.82bn
Dubai – Mubasher: The value of Emaar Development’s IPO increased to AED 4.82 billion from AED 4.56 billion on Wednesday, according to CNBC Arabia. On 2 November, Emaar Properties stated that the price range of Emaar Development’s shares would be …
Photo Archive
15 November 12:19 AM IPOs to revive ADX - Analysis
Abu Dhabi - Mubasher: Investors and traders in the UAE are awaiting a number of initial public offerings (IPOs) on the Abu Dhabi Securities Exchange (ADX). The Abu Dhabi National Oil Company (ADNOC) recently announced plans to offer no less than …
The IPO will be pending regulatory approvals
13 November 04:06 PM ADNOC eyes offering 10% of distribution unit on ADX
By: Amr Adel  Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) announced that it will offer no less than 10% of its subsidiary “ADNOC Distribution” on the Abu Dhabi Securities Exchange (ADX), according to CEO Sultan Ahmed Al …
Saudi Aramco is the largest oil company in the world
12 November 11:15 PM Aramco yet to choose int’l market for IPO
Riyadh - Mubasher: Although preparations for the awaited Saudi Aramco initial public offering (IPO) are proceeding, the stock market where it will take place is yet to be decided, the company’s CEO said in a TV interview on Sunday. Amin Nasser …
The UK government is considering a $2 billion loan guarantee to Saudi Aramco
9 November 08:21 PM UK may nod to $2bn loan guarantee for Saudi Aramco
Riyadh – Mubasher: The UK government is considering a $2 billion loan guarantee to Saudi Aramco, as the London Stock Exchange (LSE) eyes hosting the flotation of the 5% stake in country’s mega oil company. The UK Treasury on Thursday said it had …
Flynas names Morgan Stanley to manage IPO – Sources
9 November 03:39 PM Flynas names Morgan Stanley to manage IPO – Sources
Riyadh – Mubasher: Saudi budget airline Flynas appointed Morgan Stanley to manage its initial public offering (IPO) that will take place in the Saudi Stock Exchange (Tadawul), Reuters on Thursday reported, citing informed sources as saying. …
KSA’s Olayan Financing puts IPO on hold – Bloomberg
7 November 02:59 PM KSA’s Olayan Financing puts IPO on hold – Bloomberg
Riyadh – Mubasher: Saudi Arabia-based, Olayan Financing Co. decided to postpone the initial public offering (IPO) of a holding company that will include about 20 domestic firms of its subsidiaries, Bloomberg reported, citing sources as saying. The …
The London Stock Exchange made a strong case to Aramco
6 November 05:26 PM LSE tries to attract Aramco listing - PM
Riyadh - Mubasher: The London Stock Exchange (LSE) has made a very strong proposal for Saudi Aramco to lists its shares in Britain, Reuters cited a spokesman for Prime Minister Theresa May said on Monday. “Obviously there are lots of big stock …
Goldman Sachs Group Inc, Morgan Stanley, and EFG Hermes are helping to manage the sale
6 November 09:26 AM ADNOC launches retail unit IPO in December
Dubai – Mubasher: Abu Dhabi National Oil Company (ADNOC) is planning to sell a stake in its network of fuel service stations and retail convenience stores in December 2017, sources told Reuters on Monday. In July, sources said that the Emirati oil …
Emaar Properties stated that it will offer a 20% stake of Emaar Development
2 November 05:02 PM Subscribers cover Emaar Development’s IPO
Dubai – Mubasher: Emaar Properties on Thursday announced that its subsidiary Emaar Development’s initial public offering (IPO) has been fully covered on the first day. The coverage of Emaar Development’s IPO represents a positive indicator for …
The final price of the company’s stock is projected to be determined on 16 November 2017
2 November 12:53 PM Emaar Development’s IPO vital to investors - Alabbar
Dubai – Mubasher: Emaar Development’s initial public offering (IPO) enables investors to contribute to the future of Dubai's real estate sector, said Mohamed Alabbar, Emaar Properties chairman, on Thursday. Emaar Development is developing freehold …
Emaar Development IPO will add to the market and boost liquidity
2 November 10:47 AM Optimism reigns ahead of Emaar Development IPO launch
By: Mahmoud Gamal Dubai – Mubasher: The initial public offering (IPO) of Emaar Development is expected to lure numerous retail and institutional investors to the Dubai FInancial Market (DFM), analysts told Mubasher. The IPO of Emaar Properties’ …
Emaar Properties’ stock stabilisation above AED 8.27 will enable it grow to AED 8.58
2 November 10:29 AM Emaar gains 0.72% on unit’s IPO Thursday
Dubai – Mubasher: Emaar Properties’ stock grew on Thursday on the Dubai Financial Market (DFM), pushed up by the initial public offering (IPO) of Emaar Development and the positive expectations regarding the mother company's quarterly results. By …
Chris O'Donnell previously worked for both Nakheel and Al Futtaim Groups
1 November 10:47 PM Emaar Development appoints new management prior to IPO
Dubai - Mubasher: Chris O'Donnell has been appointed as the new CEO of Emaar Development, a wholly-owned subsidiary by Emaar Properties, as reported by Reuters. Chris O‘Donnell previously served for a five years as the CEO Nakheel Properties until …
The Egyptian Exchange
1 November 06:43 PM EFSA sets new deadline for IPOs
Cairo - Mubasher: The Egyptian Financial Supervisory Authority (EFSA) has recently amended listing regulations, and obliged companies wishing to list shares on the Egyptian Exchange (EGX) with new rules. Rules include first obtaining EFSA’s …
Saudi Aramco’s IPO is expected to be the largest in the world
1 November 01:08 PM UK’s FCA denies gov’t pressure for possible Aramco IPO on LSE
Riyadh – Mubasher: Britain’s Financial Conduct Authority (FCA) has denied allegations that it suggested changes to listing rules in order to facilitate the listing of sovereign-controlled companies, Reuters reported on Wednesday. Media reported …
Mohamed Alabbar, chairman of Emaar
1 November 10:59 AM Emaar unit to plan IPO at premium of up to 20%
Dubai – Mubasher: Emaar Properties is forecasted to offer shares in its Emaar Development at 10% to 20% of the unit’s net asset value, three sources told Bloomberg. This premium percentage represents an offer price of AED 6.63 to AED 7.23 per …
The trading of Emaar Development’s shares will begin on 22 November
31 October 10:18 AM Emaar Development IPO seen good opportunity for investors – Alabbar
Dubai – Mubasher: The listing of Emaar Development’s shares on the Dubai Financial Market (DFM) will help in reflecting the true value of the real estate development activity in Dubai, said Mohamed Alabbar, Emaar properties’ chairman. Emaar …
Emaar Properties allocated 40 million shares worth $1.6 billion to the Emirates Investment Authority
26 October 01:48 PM Emaar Properties to offer 800m shares in unit's upcoming IPO
Dubai – Mubasher: Emaar Properties on Thursday said it will offer 800 million shares in the initial public offering (IPO) of its subsidiary Emaar Development. The offered stake represents 20% of the issued shares, totalling AED 4 billion. The …
Chairman of Ducab Jamal Salem Al Dhaheri
24 October 09:42 AM No plans to launch Ducab IPO - Chairman
Abu Dhabi – Mubasher: Dubai Cable Company (Ducab) does not plan to launch an initial public offering (IPO) on either of the UAE’s stock markets, chairman Jamal Salem Al Dhaheri told Al-Khaleej newspaper. The cable manufacturing company will not …