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Initial Public Offerings

KSA is facing a sharp recession due to the coronavirus crisis
23 July 12:09 PM Saudi Arabia could expand privatisation amid COVID-19
Riyadh – Mubasher: Saudi Arabia is exploring selling off assets in sectors that were not previously considered for privatisation, as the country is grappling with the economic impact of sustained low oil prices, Reuters reported citing the …
The sale may happen in the first half (H1) of 2021
22 July 11:12 AM Al Othaim family mulls IPO for malls unit
Riyadh – Mubasher: Saudi Arabia’s Al Othaim family is said to be considering to sell shares in its malls business in a deal that could value the company between $1.5 billion and $2 billion, Bloomberg reported citing people familiar with the …
The dividends represent 5% of the share’s par value
14 July 09:37 AM Arabian Centres to pay SAR 0.50/shr dividends for H2
Riyadh – Mubasher: Arabian Centres Company’s Board of Directors decided to distribute cash dividends worth SAR 237.5 million or 0.50 per share to shareholders for the second half (H2) ending 31 March 2020. The number of shares eligible for …
The excess money refund procedures will be completed on 12 July
12 July 09:45 AM Amlak International to begin trading on Tadawul tomorrow
Riyadh - Mubasher: The allocation of shares for retail subscribers of the Amlak International for Real Estate Finance’s initial public offering (IPO) has been completed, NCB Capital announced. The listing and trading of Amlak …
Arabian Centres' ownership in Amlak’s capital reached 5.91% following the IPO
8 July 10:43 AM Arabian Centres gains SAR 37m from Amlak's IPO
Riyadh – Mubasher: Arabian Centres Company has gained SAR 36.72 million worth of proceeds from Amlak International for Real Estate Finance initial public offering (IPO) completed on Sunday, 5 July, at a share price of SAR 16. The said amount …
The total number of retail subscribers reached 266,821
7 July 09:23 AM Retail tranche of Amlak IPO oversubscribed at 2,690%
Riyadh - Mubasher: The initial public offering (IPO) of Amlak International for Real Estate Finance was completed on Sunday, 5 July, after finalising the retail subscription tranche at a total coverage of 2,690%, NCB Capital announced. The total …
Individual investors can subscribe to a maximum of one million shares
2 July 09:42 AM Amlak International’s IPO retail subscription begins today
Riyadh - Mubasher: The retail subscription period for 2.718 million shares offered by Amlak International for Real Estate Finance through an initial public offering (IPO) at a share price of SAR 16 will kick off on Thursday, 2 July, said NCB …
The IPO registered a 500% institutional coverage
30 June 05:26 PM Amlak International sets IPO share price at SAR 16
Riyadh - Mubasher: The book-building process for institutions and investment funds subscribing to Amlak International for Real Estate Finance’s shares has been successfully completed, said the initial public offering's (IPO) financial Advisor, …
The government cancelled its plan for selling a stake in Heliopolis Housing
30 June 02:11 PM Egypt postpones IPO programme on COVID-19 crisis
Cairo – Mubasher: The Egyptian government has delayed its plans to sell stakes in state-owned companies until further notice due to the current “unfavorable” market conditions, the public business sector minister Hesham Tawfik told Bloomberg in a …
ACWA Power is still committed to go public soon
29 June 02:08 PM ACWA Power nears $10bn investment target despite COVID-19
Riyadh - Mubasher: ACWA Power could achieve its target of $10 billion worth of new investments this year as the company’s projects saw a minor impact from the coronavirus (COVID-19), Reuters reported on Monday. The company is still committed to an …