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Initial Public Offerings

Board says greater returns can be achieved from the current growth strategy
15 April 11:11 AM UAE's Tristar Transport to withdraw from planned IPO on DFM
Mubasher: The board and shareholders of the UAE-based Tristar Transport, a 65.12%-owned subsidiary of Agility Public Warehousing, have decided to withdraw from the planned initial public offerings (IPO) on the Dubai Financial Market (DFM). This …
The public offering was oversubscribed by 29.38 times
12 April 12:40 PM StonePine announces listing of Taaleem's shares at EGP 4.2bn
Cairo – Mubasher: StonePine ACE Partners announced that its portfolio company Taaleem Management Services listed its shares on the Egyptian Exchange (EGX) at a valuation of EGP 4.2 billion ($267 million), which represents a doubling in …
Fertiglobe was established in 2019
12 April 12:02 PM ADNOC, Dutch-listed OCI eye IPO for fertiliser joint venture
UAE – Mubasher: Abu Dhabi National Oil Company (ADNOC) and the Netherlands-based OCI, a producer of natural gas-based fertilisers and industrial chemicals, are considering an initial public offerings (IPO) for their fertiliser joint venture …
The determining factor in the decision is the market’s capacity to absorb multiple offerings
12 April 11:03 AM Macro Capital delays IPO
Cairo – Mubasher: Macro Pharmaceuticals Group (Macro Capital) announced the postponement of its initial public offering (IPO) on the Egyptian Exchange (EGX). After coordinating and consulting with regulatory authorities, the company decided to …
Saudi Tadawul Group will become the parent company of four subsidiaries
7 April 03:40 PM Tadawul becomes Saudi Tadawul Group ahead of IPO
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced on 7 April its transformation into a holding group structure, dubbed Saudi Tadawul Group, signalling its readiness for the initial public offering (IPO) in 2021. Saudi Tadawul Group …
The company has priced its share at a maximum value of EGP 6.15.
6 April 12:32 PM FRA approves Macro Capital's IPO prospectus
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of the initial public offering (IPO) prospectus of Macro Pharmaceuticals Group (Macro Capital). The prospectus includes the offering of up to 264.51 …
The IPO will include 199 million new shares issued by Tristar
4 April 03:46 PM Dubai's Tristar Transport sets IPO price range
Mubasher: The Dubai-headquartered logistics firm Tristar Transport, a 65.12% subsidiary of Agility Public Warehousing, has set a price range for its planned initial public offering (IPO) on the Dubai Financial Market (DFM) at AED 2.20 to AED 2.70 …
Investors have placed orders for 525.616 million shares
1 April 05:56 PM Taaleem's IPO oversubscribed by 29.38 times
Cairo – Mubasher: The Egyptian Exchange (EGX) announced that the initial public offering of (IPO) of Taaleem Management Services has been oversubscribed by 29.38 times. Investors have placed orders for 525.616 million shares at a value of EGP 5.75 …
The final price has been set at EGP 5.75 per share
29 March 03:31 PM Taaleem's private offering 2.34 times oversubscribed
Cairo – Mubasher: Taaleem Management Services announced that its private offering has been oversubscribed by 2.34 times The private offering for retail and institutional investors with high financial solvency includes 339.93 million shares valued …
Mohammed Al Kuwaiz, Chairman, Capital Markets Authority of Saudi Arabia - (Photo Archive)
29 March 02:35 PM Tadawul saw 34% more IPOs despite pandemic: CMA Chairman
Riyadh – Mubasher: Financial markets have faced exceptional challenges in 2020 due to the coronavirus (COVID-19) pandemic and the consequent preventive measures, but managed to play a major role despite the economic hardships, Chairman of the …
The prospectus includes the sale of up to 357.822 million shares
25 March 05:47 PM FRA approves Taaleem's IPO prospectus
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of the initial public offering (IPO) prospectus of Taaleem Management Services. The prospectus includes the sale of up to 357.822 million shares, or 49% …
A total of 1.29 million shares was allocated for retail investors
25 March 11:20 AM Theeb Rent a Car’s retail offering 3,385% oversubscribed; SAR 1.7bn in orders
Riyadh – Mubasher: Retail investors have submitted orders worth SAR 1.746 billion to purchase 1.29 million shares of Theeb Rent a Car Co at SAR 40 per share, the financial advisor Saudi Fransi Capital announced.   The retail offering has been …
CI Capital owns a direct and indirect stake of about 16.5% in Taaleem.
23 March 05:56 PM EGX approves listing of Taaleem Management Services with EGP 730m capital
Cairo – Mubasher: The Egyptian Exchange's (EGX) listing committee approved listing the shares of Taaleem Management Services with an issued capital of EGP 730.250 million distributed over 730.250 million shares. The listing will be conducted over …
Tristar will present up to 24% of the total issued ordinary shares to the IPO
23 March 11:33 AM UAE-based Tristar plans to launch IPO on DFM
Mubasher: The UAE-based Tristar Transport, a 65.12% subsidiary of Agility Public Warehousing, plans to proceed with an initial public offering (IPO) on the Dubai Financial Market (DFM), expecting to receive between $120 million and $160 million of …