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18 August 10:48 AM

IPO News

The Egyptian gov't is activating its IPOs programme
8 August 05:49 PM NBE receives license to promote, cover IPOs on EGX
Cairo – Mubasher: The National Bank of Egypt (NBE) has been licensed by the Financial Regulatory Authority (FRA) to promote and cover initial public offerings (IPOs) on the Egyptian Exchange (EGX), the Middle East News Agency (MENA) reported on …
Banking and Finance
Fawry’s retail offering was oversubscribed by 30 times
8 August 02:35 PM Egyptian investors make up 80% of Fawry’s IPO
Cairo – Mubasher: The Egyptian Exchange (EGX) on Thursday announced that Fawry for Banking Technology and Electronic Payments has offered 254.6 million shares, representing 36% of the company’s share capital, at EGP 6.46 per share, with a combined …
Initial Public Offerings
Buy orders have been placed on 1.06 billion of Fawry’s shares
5 August 04:46 PM Fawry’s retail offering oversubscribed by 30 times – Sources
By: Ahmed Allam Cairo – Mubasher: The retail offering for the initial public offering (IPO) of Fawry for Banking Technology and Electronic Payment’s shares on the Egyptian Exchange (EGX) was oversubscribed by 30.3 times, informed sources told …
Initial Public Offerings
Trading on Fawry’s shares is expected to began on 8 August
4 August 05:12 PM Fawry receives buy orders for 250.6m shares
By: Ahmed Allam Cairo – Mubasher: A total of 881 buy orders were placed on 250.6 million of Fawry for Banking Technology and Electronics Payments’ shares in the initial public offering (IPO), sources told Mubasher. The private placement of Fawry’s …
Initial Public Offerings
The offering includes 36% of Fawry’s shares
1 August 10:48 PM Fawry’s offering oversubscribed by 16X
Cairo – Mubasher: EFG Hermes has announced that the offering of Fawry for Banking Technology and Electronic Payment’s shares on the Egyptian Exchange (EGX) was oversubscribed by 15.9 times, generating EGP 7.1 billion ($431 million). The offering …
Companies Investments
The financial technology firm plans to increase its capital by 10-15%
30 July 01:11 PM Pharos, Renaissance Capital selected to manage e-finance’s IPO
By: Ahmed Allam Cairo – Mubasher: Egypt's e-finance, majority owned by the state-owned National Investment Bank (NIB), plans to float a stake on the Egyptian Exchange (EGX) through a capital raise, the company’s chairman Ibrahim Sarhan told …
Initial Public Offerings
The stock was listed on Tadawul under the symbol 4292
29 July 01:57 PM Ataa Educational to start trading on Tadawul on Wednesday
Riyadh – Mubasher: Ataa Educational Company will start trading on the Saudi Stock Exchange (Tadawul) on Wednesday, 31 July. The stock was listed on Tadawul under the symbol 4292, and a 10% daily price fluctuation limit, according to Tadawul’s …
Companies Investments
The remaining shares will be allocated pro-rata
25 July 02:13 PM Ataa Educational assigns 10 shares per subscriber in IPO
Riyadh – Mubasher: Ataa Educational Company allocated a minimum of ten shares per subscriber in its initial public offering (IPO), according to a recent statement by the financial advisor and lead manager HSBC Saudi Arabia. The group added that …
A total number of 38,560 investors subscribed to 1.2 million shares
24 July 11:08 AM Ataa Educational’s IPO oversubscribed by 426%
Riyadh – Mubasher: Ataa Educational Company’s retail offering was oversubscribed by 426%, according to a recent statement by the financial advisor and lead manager HSBC Saudi Arabia. A total number of 38,560 investors subscribed to 1.2 million …
A total of 707.3 million shares will be listed
22 July 04:42 PM EGX approves listing Fawry’s shares with EGP 354m capital
Cairo – Mubasher: The Egyptian Exchange's (EGX) Listing Committee approved listing shares of Fawry Banking and Payment Technology Services (Fawry) with a capital of EGP 353.65 million.  A total of 707.3 million shares will be listed at a nominal …
Corporate Actions
Fawry approved listing around 36% of the company’s shares on the EGX
22 July 11:51 AM NBE acquires 7% of Fawry’s IPO shares – Vice chairman
By: Islam Fadl Cairo – Mubasher: The National Bank of Egypt (NBE) has acquired 7% of Fawry’s shares to be listed on the Egyptian Exchange (EGX), the bank’s vice chairman Yehia Aboul Fotouh told Mubasher. The value of the deal wasn’t disclosed. …
Initial Public Offerings
KAMCO will complete the contracting procedures
18 July 11:49 PM KAMCO wins contract to manage Boursa Kuwait Securities’ offering
Mubasher: KAMCO Investment Company won a tender to manage the offering of a stake in Boursa Kuwait Securities Company. KAMCO will complete the contracting procedures, according to a bourse statement released on Thursday. The transaction has no …
Initial Public Offerings
EFG Hermes previously advised on the IPO of Finablr
18 July 10:57 AM EFG Hermes likely to list major firm on LSE before end 2019
By: Ahmed Allam Cairo – Mubasher: EFG Hermes plans to list a multi-million dollar company on the London Stock Exchange (LSE) before the end of 2019, co-head of EFG Hermes’ Investment Banking Division (IBD) Mostafa Gad said. The name of the major …
Companies Investments
EFG Hermes will offer a tech company
17 July 10:28 PM EFG Hermes to offer two companies before year-end
By: Ahmed Allam Cairo – Mubasher: EFG Hermes is planning to offer two private companies on the Egyptian Exchange (EGX) before the end of the current fiscal year, co-head of EFG Hermes’ Investment Banking Division (IBD) Mostafa Gad told Mubasher. …
Initial Public Offerings
The electronic payments firm seeks to enhance cooperation with Egypt Post
14 July 03:22 PM Egypt’s e-finance to launch Khales as independent entity in August
Cairo – Mubasher: Egypt's e-finance, majority owned by the state-owned National Investment Bank (NIB), announced that its subsidiary Khales payment portal will be an independent entity as of 1 August, local newspaper Akhbar El-Yom reported. The …
A total of 12 million shares will be assigned to institutional advisors
11 July 10:33 AM Ataa Educational sets IPO issue price at SAR 29/shr
Riyadh – Mubasher: Ataa Educational Company has determined the issue price for its initial public offering (IPO) that will start on Sunday, 14 June, at SAR 29 per share, after finishing the book-building process. HSBC Saudi Arabia, the financial …
Companies Investments
CMA approves the IPO of Alinma Mosque's Endowment Fund
10 July 11:50 AM CMA greenlights IPO of Alinma Mosque's Endowment Fund
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Alinma Investment Company’s proposal to implement the initial public offering (IPO) of Alinma Mosque's Endowment Fund. Investors should carefully read the Terms and …
Initial Public Offerings
Aafaq Islamic Financeto considers filing for an IPO on the DFM in 2020
9 July 02:11 PM Aafaq Islamic Finance eyes listing on DFM
UAE – Mubasher: Aafaq Islamic Finance, a leading financial company based in the UAE, is looking at filing for an initial public offering (IPO) on the Dubai Financial Market (DFM) in 2020, Emarat Al Youm reported. The IPO will take place once …
Corporate Actions
Bayt.com will go public based on the stock markets’ conditions
7 July 09:42 AM UAE’s Bayt.com eyes going public
UAE – Mubasher: Bayt.com, a leading online marketplace for jobs in the Middle East, is planning to file for an initial public offering (IPO) over the coming period, Al Bayan newspaper reported. The Dubai-based company will go public based on the …
Mergers and Acquisitions
The two state-run companies may offer up to 30% stake
4 July 11:55 AM Misr Insurance Holding to float 2 units on EGX by end-2020
Cairo – Mubasher: Misr Insurance Co. and Misr Life Insurance are expected to finalise procedures to float their shares on the Egyptian Exchange (EGX) by the end of 2020, chairman of Misr Insurance Holding Co. (MIHC) told CNBC Arabia.   The two …
Initial Public Offerings
“We have always been clear that the IPO"
2 July 06:34 PM Saudi Aramco may offer Aramco’s shares in 2021
Riyadh – Mubasher: Saudi Aramco is ready to work on the postponed major offering, which may take place in 2020 or 2021, Saudi Arabia’s energy minister Khalid al-Falih said, according to Reuters. The Saudi official denied the full suspension of the …
Initial Public Offerings
Aramco’s IPO faces some concerns
2 July 04:39 PM Saudi Aramco may bring IPO plan back to life
Riyadh – Mubasher: State-run Saudi Aramco, known formally as Saudi Arabian Oil Co., is reportedly trying to revive a shelved initial public offering (IPO) plan, informed sources told Bloomberg News. The Saudi oil giant is in talks with investment …
Companies Investments