IPO News

Riyadh – Mubasher: Arabian Drilling Company set the price range of its initial public offering (IPO) on the Main Market of the Saudi Exchange (Tadawul) at SAR 90-100 per share. The Saudi company plans to offer 26.70 million ordinary shares, …

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the initial public offering (IPO) of Power and Water Utility Company for Jubail and Yanbu (Marafiq). Marafiq plans to offer 73.09 million shares, which represents 29.24% of its share …

UAE – Mubasher: Healthcare provider Burjeel Holdings intends to list 11% of its share capital on the main market of the Abu Dhabi Securities Exchange (ADX), the company announced on Monday. The firm said it plans to offer a total of 200.39 million …

Cairo – Mubasher: Egypt plans to collect up to $6 billion before June 2023 by exiting stakes in state-owned companies, Egypt's Minister of Planning, Hala El-said, told Bloomberg Asharq. The step comes amidst a time when the Egyptian government …

Riyadh – Mubasher: Arabian Plastic Industrial Company (APICO) has set the final price of its listing at SAR 27 per share, according to a bourse filing. Yaqeen Capital, the financial advisor and lead manager for the offering, noted that APICO …

Riyadh – Mubasher: Arabian Drilling Company unveiled its intention to proceed with an initial public offering (IPO) and listing on the Main Market of the Saudi Exchange (Tadawul).  The Saudi Capital Market Authority (CMA) approved on 29 June 2022 …

Cairo – Mubasher: Egypt has set up a pre-IPO fund, with the aim of holding public stakes and working with strategic investors ahead of public offerings, Egypt’s Minister of Planning and Economic Development, Hala El-said, told Bloomberg Television …

UAE - Mubasher: Al Ansari Exchange plans to list and trade its shares on Dubai Financial Market (DFM) during the first quarter (Q1) of 2023, Bloomberg recently reported. Egyptian Financial Group Hermes Holding (EFG Hermes) and Emirates NBD will …

Cairo – Mubasher: Arab Developers Holding has hired Solid Capital for Financial Advisory (SCFA) as an independent financial advisor to evaluate one of the holding company’s subsidiaries.  The step aims to study a potential offering of a stake in …