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IPO News

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16 September 10:46 AM solutions by stc’s final IPO price is set at SAR 151/shr
Riyadh – Mubasher: The final price for the initial public offering (IPO) of Arabian Internet and Communications Services Company (solutions by stc) has been set at SAR 151 per share. The coverage ratio of the total IPO shares has reached 13,003%, …
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15 September 11:36 AM ACWA Power could raise SAR 4.5bn from IPO
Riyadh – Mubasher: ACWA Power is expected to raise up to SAR 4.55 billion ($1.2 billion) through its initial public offering (IPO), with the listing value reaching $11 billion, Bloomberg reported. The IPO would be the biggest offering in Riyadh …
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14 September 04:37 PM Price range for ACWA Power’s IPO is set at SAR 51-56/shr
Riyadh – Mubasher: The price range for the initial public offering (IPO) of the International Company for Power and Water Projects (ACWA Power) has been set at SAR 51 to SAR 56 per share, the Saudi Exchange (Tadawul) announced on Tuesday. The IPO …
ADNOC Drilling is expected to list on the ADX on or around 3 October
13 September 10:10 AM ADNOC sets offer price per share for ADNOC Drilling IPO
UAE - Mubahser: The Abu Dhabi National Oil Company (ADNOC) has announced an AED 2.3 offer price per share for the initial public offering (IPO) of ADNOC Drilling, the Emirates News Agency (WAM) reported. The offer price has been set by ADNOC as a …
This move is ahead of anticipated IPOs of several major companies
12 September 05:33 PM FRA amends EGX's listing regulations
Cairo – Mubasher: The Egyptian Financial Regulatory Authority's (FRA) board of directors approved new amendments to the listing regulations of the Egyptian Exchange (EGX).  Under the new amendments, companies looking to go public will have to …
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7 September 05:58 PM Burgerizzr to start trading on Wednesday
Riyadh – Mubasher: The Saudi Exchange (Tadawul) will begin the listing and trading of Mataam Bayt AlShatira Lilwajbat Alsariya Company’s (Burgerizzr) shares on the Parallel Market (Nomu) on Wednesday, 8 September. The daily and static fluctuation …
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6 September 12:52 PM ADNOC intends to float minority stake in drilling unit’s IPO
Abu Dhabi – Mubasher: ADNOC announced its plan to float a 7.5% minority stake of the subsidiary ADNOC Drilling on the Abu Dhabi Securities Exchange (ADX) in an initial public offering (IPO). The company said this would mark another key milestone …
The IPO includes 24 million ordinary shares
5 September 04:10 PM Price Range for solutions by stc IPO is set at SAR 136-151/shr
Riyadh – Mubasher: The price range for the initial public offering (IPO) of Arabian Internet and Communications Services Company (solutions by stc) has been set at SAR 136 – 151 per share, according to a bourse disclosure on Sunday. The IPO …
The final price will be determined at the end of the book-building period
2 September 05:11 PM ACWA Power to issue 11% of capital in IPO
Riyadh – Mubasher: International Company for Power and Water Projects (ACWA Power) plans to proceed with an initial public offering (IPO) and list its shares on the Main Market of the Saudi Exchange (Tadawul), according to a statement on Thursday. …
The offering period started on Sunday, 15 August
2 September 10:11 AM Final IPO price for Burgerizzr is set at SAR 165/shr
Riyadh – Mubasher:  The final price for the initial public offering (IPO) of Mataam Bayt AlShatira Lilwajbat Alsariya Company (Burgerizzr) has been set at SAR 165 per share, according to a bourse filing on Thursday. The coverage ratio amounted to …
The listing may value the utility at $10 billion
1 September 11:04 AM ACWA Power plans to raise over $1bn in IPO
Riyadh – Mubasher: ACWA Power, which is backed by the Saudi Public Investment Fund (PIF), is reportedly close to announcing an initial public offering (IPO) to raise more than $1 billion. The listing may value the utility at $10 billion or more, …
EGA is eyeing to sell between 10% and 20% of its shares
29 August 11:28 AM UAE's Emirates Global Aluminium eyes IPO in 2022
UAE - Mubasher: Emirates Global Aluminium (EGA) is considering a potential initial public offering (IPO) in 2022, which could be marked as one of the biggest share sales in the UAE in recent years, three sources told Reuters. The sources said that …
The company is studying a number of acquisitions worth a few billion dollars
24 August 10:22 AM IHC eyes IPO for majority-owned Pure Health in 2022
Abu Dhabi – Mubasher: International Holdings Company (IHC) is mulling an initial public offering (IPO) for its majority-owned healthcare company, Pure Health, in 2022, the CEO and Managing Director of IHC, Syed Basar Shueb, told Reuters. Shueb …
The Egyptian market accounts for 10-15% of Mrsool's total operations
16 August 02:39 PM Mrsool eyes expansion in Africa via Egypt, listing on an Arab stock exchange
By: Ahmed Allam  Cairo - Mubasher: Mrsool has invested about EGP 300 million in the Egyptian market since launching its operations in the country in mid-2019, Country Manager for Egypt Osama Harfoush revealed.  The Saudi delivery platform is …
Similar plans are expected be implemented for New Alamein City
15 August 11:34 AM Administrative Capital for Urban Development to list on EGX in two years - El-Sisi
Cairo - Mubasher: The Egyptian President, Abdel Fattah El-Sisi, revealed a plan to offer the shares of the Administrative Capital for Urban Development (ACUD) in an initial public offering (IPO) on the Egyptian Exchange (EGX) within the coming two …