Initial Public Offerings

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25 September 06:55 PM Cairo Investment IPO oversubscribed 19 times - EGX
Cairo - Mubasher: The Egyptian Exchange (EGX) said that the initial public offering (IPO) of Cairo Investment and Real Estate Development was oversubscribed by 18.87 times.  Purchase orders totalled 273.78 shares, the bourse said in a statement on …
Aramco to postpone IPO after acquiring stake in SABIC – CEO
24 September 02:50 PM Aramco IPO delayed until after SABIC stake acquisition - FT
Riyadh – Mubasher: Saudi Aramco has postponed its potential initial public offering (IPO) until after it finishes its acquisition of a majority stake in the Saudi Basic Industries Corporation (SABIC), CEO Amin Nasser told the Financial Times (FT). …
EGA exports around 90% of its output
24 September 09:26 AM US aluminium taxes delay EGA’s IPO
Dubai – Mubasher: US President Donald Trump’s decision of imposing tariffs on aluminium imports has prompted Emirates Global Aluminium (EGA) to delay its initial public offering (IPO) plan.  EGA, the UAE's largest industrial company outside oil …
Azizi Developments has 200 underway projects
23 September 12:46 PM Azizi Developments considers IPO – Chairman
Dubai – Mubasher: Azizi Developments is weighing up the launch of an initial public offering (IPO) for its hospitality and development divisions. The IPO decision will depend on the result of the year-end audit report, the company’s chairman …
The privitisation programme is the centerpiece of Crown Prince Mohammed bin Salman’s “Vision 2030” reform plan
20 September 01:49 PM Saudi Arabia slows down privatisation plans
Riyadh – Mubasher: The delay of the local and international initial public offerings (IPOs) of state-run Saudi Aramco is the latest sign that the Kingdom is slowing down its privitisation drive. Set by the government three years ago when Brent …
National Company For Learning’s capital amounts to SAR 300 million
20 September 01:05 PM National Co For Learning to offer 30% stake on Tadawul
Riyadh – Mubasher: National Company For Learning & Education unveiled plans to list a 30.23% stake, or 13 million shares, on the Saudi Stock Exchange (Tadawul). The initial public offering (IPO) for institutional investors will start on Monday, 1 …
“That would value the whole company at as much as EUR 10 billion"
17 September 03:07 PM Mubadala to launch EUR 3bn IPO on Spanish stock markets
Abu Dhabi – Mubasher: Abu Dhabi’s Mubadala Investment Company is set to launch an initial public offering (IPO) for Cia Espanola de Petroleos SAU, which is expected to be the largest offering of oil producer in a decade. Mubadala is planning to …
The initial public offerings (IPOs) will include floating firms which are currently unlisted on the bourse
12 September 12:24 PM Egypt eyes offering 5 gov’t IPOs on EGX early 2019 - Minister
Cairo – Mubasher: The government is planning to offer a stake in around five state-run companies on the Egyptian Exchange (EGX) in the first quarter of 2019, the finance minister said. The initial public offerings (IPOs) will include floating …
CMA Oks to carry out IPO for Maarif REIT Fund
11 September 02:53 PM CMA nods to Maarif REIT Fund IPO
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Osool & Bakheet Investment Company’s request to launch an initial public offering (IPO) for Maarif REIT Fund's units on the Saudi Stock Exchange (Tadawul). Maarif REIT Fund’s …
The car manufacturer could be valued at up to GBP 5 billion
10 September 05:11 PM Kuwait-backed Aston Martin’s listing on LSE to kick off in October
Mubasher: Aston Martin, the British manufacturer of luxury sports cars and grand tourers, said Monday that it will start trading on the London Stock Exchange (LSE) in October, AFP said. The luxury British sports car brand driven by fictional spy …
The value of shares ranges between EGP 3 billion and EGP 3.45 billion prior to the IPO
10 September 12:04 PM Cairo investment sets indicative price for floating stake on EGX
Cairo – Mubasher: Cairo Investment and Real Estate Development has set an indicative price ranging between EGP 5.45 and EGP 6.3 per share to its stake offered for sale on the Egyptian Exchange (EGX). The value of shares ranges between EGP 3 …
Offering an additional stake in Egypt's monopoly cigarette maker on the EGX has two key benefits for the company
6 September 02:44 PM Eastern Co's further share sale to boost liquidity – Analysis
By: Heba El-Kordy Cairo – Mubasher: The Egyptian finance minister on Thursday announced the launch of the state-run initial public offerings (IPOs) programme by floating a further 4.5% stake in Eastern Co on the Egyptian Exchange (EGX) next …
The state-run IPOs aim to develop the Egyptian capital market and attract liquidity to the EGX
6 September 11:47 AM Egypt starts gov't IPO scheme with Eastern Co’s additional 4.5% stake
Cairo – Mubasher: The Egyptian finance minister on Thursday announced the launch of government initial public offerings (IPOs) programme by floating a further 4.5% stake in Eastern Co on the Egyptian Exchange (EGX). NI Capital, the consultant of …
EFG Hermes’s first implemented transaction in the Omani market is part of its expansion strategy
5 September 12:05 PM EFG Hermes carry out 1st IPO on Omani bourse
Cairo – Mubasher: EFG Hermes on Wednesday announced the completion of Dhofar Power Company’s initial public offering (IPO) on Muscat Securities Market at a total value of $52 million. The leading investment bank was the global coordinator and …
HSBC and FAB were named advisors to the deal
4 September 05:30 PM Brooge Petroleum plans to launch $400m IPO on LSE
Dubai – Mubasher: Brooge Petroleum and Gas Investment Company (BPGIC) is reportedly planning to raise $400 million in an initial public offering (IPO) on the London Stock Exchange (LSE) prior to the end of 2018.  The UAE-based firm could utilise …
EFG Hermes is currently working on closing between 2 and 3 merger and acquisition (M&A) transactions
4 September 03:38 PM EFG Hermes to manage 5 IPOs on EGX, GCC bourses
Cairo – Mubasher: EFG Hermes has implemented 12 transactions since the beginning of 2018, compared to 16 deals during the full-year 2017, the group's co-head of Investment Banking said on Tuesday. The Egyptian investment bank is currently working …
EBRD is highly interested in the Egyptian government's privatisation process
4 September 02:54 PM EBRD mulls buying stakes in Egyptian firms
Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD) has enticed an interest in Egypt’s initial public offerings (IPOs) programme of state-run firms on the Egyptian Exchange (EGX). The London-based lender is highly …
The company seeks to fetch around $120 million to $125 million by selling 40% of its shares
4 September 02:51 PM Sarwa Capital plans $125m IPO
Cairo - Mubasher: Sarwa Capital hoped that its evaluation reaches $300 million, before its initial public offering (IPO) in the Egyptian Exchange (EGX). The company seeks to fetch around $120 million to $125 million by selling 40% of its shares, …
The remaining 15.06 million shares will be offered in the second phase
4 September 02:35 PM Kima’s 1st phase capital increase subscribed 93.85%
Cairo – Mubasher: Egyptian Chemical Industries (Kima) on Tuesday said that the first phase of its capital increase shares covered by 93.85%. The remaining 15.06 million shares will be offered in the second phase after obtaining the approval of the …
The oil giant Aramco’s IPO was the centrepiece of the crown prince’s “Vision 2030” reform plan
3 September 06:15 PM Aramco IPO suspension to impede Saudi economic diversification scheme - Moody’s
Riyadh – Mubasher: The delay of state-run Saudi Aramco’s local and international initial public offerings (IPOs) is expected to take its toll on the oil-rich kingdom’s economic diversification plan, Moody's Investors Service said in a report on …
NI Capital is looking to complete the secondary sale this year
2 September 01:00 PM EFG Hermes eyes managing gov’t IPOs on EGX
Cairo – Mubasher: EFG Hermes Holding on Sunday will present an offer for government-owned financial institution NI Capital to manage one of the state-run firms’ initial public offering (IPO) on the Egyptian Exchange (EGX). The launching time of …
Hassan Allam eyes offering GDRs on LSE
30 August 12:22 PM Hassan Allam eyes offering GDRs on LSE
Cairo – Mubasher: Hassan Allam Holding is looking to offer global depository receipts (GDRs) on the London Stock Exchange (LSE), a step that coincides with floating its shares on the Egyptian Exchange (EGX) in October. The company is expected to …
Banque du Caire eyes floating 30% stake on EGX in 2019
30 August 11:33 AM Banque du Caire eyes floating 30% stake on EGX in 2019
Cairo – Mubasher: Banque du Caire is looking to offer up to 30% of it capital on the Egyptian Exchange (EGX) in early 2019 within the framework of the government initial public offerings (IPOs) programme. The bank will float the stake on the EGX …
MENA countries are still feeling the impact of the significant drop in oil prices
29 August 03:02 PM Saudi Arabia tops MENA in IPO, REIT activity in Q2
Mubasher: Countries in the Middle East and North Africa (MENA) region have raised $881.5 million through nine initial public offerings (IPOs), including four Real Estate Investment Trust (REIT) listings, during the second quarter of 2018, …
“Our biggest concern would be a drain of liquidity"
28 August 11:20 AM Aramco’s IPO suspension in favour of Tadawul - Credit Suisse
Riyadh – Mubasher: Despite the expected unfavourable consequences that could follow a reported suspension of Aramco’s planned initial public offering (IPO), Saudi stocks can finally breathe a sigh of relief. The potential IPO will – undoubtedly – …