Initial Public Offerings

The company was planning to list gas stations owned by ADNOC Distribution $14 billion
20 July 01:05 PM ADNOC hires UAE, global banks to manage IPO
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has selected a number of UAE and global banks to manage its initial public offering (IPO), Reuters reported, citing sources. The chosen banks are First Abu Dhabi Bank, HSBC, Bank of …
Pioneers owns a controlling stake of 60% of Rooya’s shares
18 July 02:11 PM Pioneers Holding OKs Rooya listing on EGX
Cairo – Munasher: Pioneers Holding Company for Financial Investment’s board of directors have approved the listing of Rooya Group on the Egyptian Exchange (EGX). Pioneers owns a controlling stake of 60% of Rooya’s shares, which it acquired for EGP …
Al Maathar REIT’s total value is SAR 613.7 million, and the price per unit is SAR 10
18 July 12:35 PM Al Maather REIT Fund IPO 1520% oversubscribed
Riyadh – Mubasher: Saudi Arabia-based Osool and Bakheet Investment Company on Tuesday said that the subscription of Al Maather Real Estate Investment Traded Fund (Al Maather REIT) was closed at a coverage ratio of 1520%. Investors and companies …
One of Emaar's ads
18 July 11:29 AM Emaar business IPO likely to near AED 22-28bn – SICO
Dubai – Mubasher: Initial public offering (IPO) valuation of Emaar Properties’ Dubai real estate business could range between AED 22 billion and AED 28 billion, equivalent from AED 0.9 to AED 1.2 per share, according to a report by Investment Bank …
The UAE Football Association Securities recently signed an MoU the Securities and Commodities Authority
17 July 06:15 PM UAE football clubs on road to become listed companies - Report
By: Amr Adel and Mahmoud Gamal Dubai - Mubasher: Football clubs in the United Arab Emirates are stepping up into major business entities, mimicking in a way its European counterparts. On Sunday, the Securities and Commodities Authority signed a …
ADCorp’s board is currently considering increasing the capital to $150 million
17 July 01:25 PM ADCorp launches operations in ADGM
Abu Dhabi – Mubasher: ADCorp announced the launch of its operations in the Abu Dhabi Global Market (ADGM), according to a statement. The move follows the ADGM Financial Service Regulatory Authority’s (FSRA) decision on 4 July to allow ADCorp to …
Banque du Caire
16 July 06:02 PM Banque du Caire not planning bigger IPO
Cairo - Mubasher: The deputy chairperson of Banque du Caire, Soha Soliman, has negated any plans to increase the percentage of the awaited 20% initial public offering (IPO) before the end of the year. Soliman added that procedures regarding the …
Goldman Sachs and JPMorgan are among the banks competing offering proposals to ADNOC
13 July 12:44 AM Major global banks competing for ADNOC’s IPO
Mubasher: Abu Dhabi National Oil Company (ADNOC) said is considering a number of proposals from different banks to manage the listing of its retail unit in the stock exchange. These banks are Goldman Sachs, First Abu Dhabi Bank, HSBC, and …
ADNOC is owned by the government of Abu Dhabi
12 July 09:58 PM ADNOC considers listing minority stakes - CEO
By: Amr Adel Abu Dhabi - Mubasher: The spokesperson of the Abu Dhabi National Oil Company (ADNOC) said that listing some of its subsidiaries in the capital market, by offering some minority stakes, is still under study. More information will soon …
ADNOC may appoint investment banks for the share sale
12 July 09:57 AM ADNOC plans IPO of retail unit at $14bn value
Abu Dhabi – Mubasher: Abu Dhabi National Oil Co (ADNOC) is planning an initial public offering (IPO) of its service stations unit for $14 billion, Bloomberg reported, quoting people familiar with the matter as saying. ADNOC may appoint investment …
In 2016, the SCA approved ten requests for IPOs in UAE bourses
9 July 11:13 AM SCA studies requests for IPOs on UAE bourses
Abu Dhabi – Mubasher: The Securities and Commodities Authority (SCA) is studying a number of requests of initial public offerings (IPOs), Al Khaleej newspaper quoted acting CEO Obaid Saif Al Zaabi as saying. The new subscriptions the local stock …
The Egyptian Exchange (EGX)
5 July 08:03 PM CI Capital, Jefferies, EmiratesNBD to manage Enppi IPO
Cairo - Mubasher: The consortium of CI Capital, Jefferies International, and Emirates NBD Capital has been chosen as the investment bank to manage the initial public offering (IPO) of the Engineering for Petroleum and Process Industries (Enppi). …
The Saudi Capital Market Authority approved AlMa'athar REIT last month
2 July 03:19 PM Tadawul launches trading on AlMa'athar REIT
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) announced that trading on the units of AlMa'athar Real Estate Investment Traded Fund (REIT) will begin on Sunday, and will last until Thursday 6 July 2017. The Saudi Capital Market Authority …
UNB was the sole lead manager and lead receiving bank for Orient UNB Takaful’s IPO (under incorporation)
22 June 10:26 AM Orient UNB Takaful lists shares on DFM
Dubai – Mubasher: Orient UNB Takaful listed its shares on the Dubai Financial Market (DFM) on Thursday, 22 June, according to a bourse statement. Union National Bank (UNB) said Orient UNB Takaful’s initial public offering (IPO) was oversubscribed …
NMDC to subscribe to Arabtec capital hike
18 June 12:24 PM NMDC to subscribe to Arabtec capital hike
Abu Dhabi – Mubasher: National Marine Dredging Company’s (NMDC) board on Sunday approved subscribing in Arabtec Holding’s capital top-up. NMDC intends to subscribe by 100 million shares, worth AED 100 million, according to the company’s statement …
Aramco's IPO to slow down on disputes
15 June 01:56 PM Aramco's IPO to slow down on disputes – WSJ
Riyadh – Mubasher: The pace of Saudi Aramco's planned initial public offering (IPO) is losing steam and slowing down on the back of a disagreement between the ruling family and the company’s executives over where to list the state oil company’s …
The company holds stakes in Abu Dhabi’s National Petroleum Construction Co and Emirates Steel
15 June 11:14 AM Senaat considers plans for $1bn IPO – Agency
Abu Dhabi – Mubasher: Senaat is considering reviving plans for an initial public offering (IPO) three years after putting them on hold, Bloomberg quoted people with knowledge of the matter as saying. The company holds stakes in Abu Dhabi’s …
Bond subscription will begin on Thursday
14 June 01:44 PM Kuwait central bank to issue KWD 50m bonds
Kuwait – Mubasher: The Central Bank of Kuwait (CBK) will issue, on behalf of the Ministry of Finance (MoF), 10-year bonds worth KWD 50 million, Alrai newspaper reported, citing sources. Bond subscription will begin on Thursday and continue until …
The Saudi Stock Exchange
10 June 07:30 PM CMA approved public offering of investment fund
Riyadh - Mubasher: The Saudi Capital Market Authority (CMA) has approved the public offering by Middle East Financial Investment Company of MEFIC Freestyle Saudi Equity Fund, according to a statement by the Saudi Stock Exchange (Tadawul). “An …