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Initial Public Offerings

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5 December 05:14 PM Al Rajhi Capital discloses details on REIT IPO
Riyadh – Mubasher: Al Rajhi Capital announced that the subscription period for its real estate investment trust (Al Rajhi REIT) total asset value increase offering will begin on 12 December, until 18 December 2019. The initial public offering …
he IPO was subscribed 1.27 times
5 December 03:00 PM Shamal Az Zour’s IPO subscribed 1.27 times; allotment concluded
Mubasher: Kuwait Authority for Partnership Projects (KAPP) announced the final results for Shamal Az Zour Al Oula Power and Water Company’s initial public offering (IPO), which was wrapped up on 29 November. The IPO was subscribed 1.27 times by …
The National Investment Bank (NIB) owns a 69% stake in e-finance
4 December 05:54 PM Egypt’s e-finance to determine IPO date late December
By: Islam Fadl Cairo – Mubasher: Egypt’s e-finance will decide on the date of floating its shares on the Egyptian Exchange (EGX) by the end of December, the company’s chairman Ibrahim Sarhan told Mubasher. The state-run financial technology …
Saudi Capital Market Authority (CMA)
4 December 05:37 PM CMA approves Sumou share offering
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved offering Sumou Real Estate Company's shares on the Nomu- Parallel Market, according to a statement by the Saudi Stock Exchange (Tadawul). Sumou is offering 7.5 million …
Investors placed 1,816 buy orders for 683.2 million shares
4 December 05:10 PM Rameda’s public offering 36.3 times oversubscribed – Sources
Cairo – Mubasher: The public offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed by 36.28 times on the last day of subscription, informed sources told Mubasher on Wednesday. Investors …
Financial institutions accounted for 75% of total orders
4 December 01:53 PM Rameda’s private offering oversubscribed by 117%
Cairo – Mubasher: The private offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed by 117% at EGP 4.66 per share, according to a company statement released on Wednesday. Financial …
Institutional bookbuilding ends on 4 December 5:00 PM Local Time
4 December 11:23 AM Institutional demand for Aramco shares exceeds $50bn
Riyadh – Mubasher: Samba Capital and Investment Management Company, the lead manager of the Saudi Arabian Oil Company’s (Saudi Aramco) initial public offering (IPO) posted updates on the first 17 days of the offering process. Samba Capital, …
SASCO wants to subscribe to the Saudi Aramco IPO
4 December 10:56 AM SASCO inks deal with SABB for Aramco’s IPO
Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) has signed a Shariah-compliant bank facility agreement with Saudi British Bank (SABB), according to a bourse filing. The medium-term financing of SAR 190 million aims at diversifying the …
Investors submitted buy orders for 165.78 million shares
3 December 03:50 PM Rameda’s public offering 8.8 times oversubscribed on 4th day
Cairo – Mubasher: The public offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed by 8.8 times on the fourth day of subscription, capital market sources told Mubasher on Monday. The …
Taqa Arabia’s shares will be offered in Q2-20
3 December 03:45 PM Qalaa Holdings to float two units in 2020 – Chairman
Cairo – Mubasher: Qalaa Holdings is planning to float shares of two subsidiaries on the Egyptian Exchange (EGX) next year, the company’s chairman Ahmed Heikal told CNBC Arabiya. Taqa Arabia’s shares will be offered in the second quarter of 2020, …
Investors submitted 251 buy orders for 61.6 million shares
2 December 04:54 PM Rameda’s public offering oversubscribed 3.3 times on 3rd day
Cairo – Mubasher: The retail offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed by 3.27 times on the third day of subscription, capital market sources told Mubasher on Monday. …
Retail subscriptions for the IPO ended on 28 November
2 December 02:44 PM Aramco IPO sees high institutional demand in 15 days
Riyadh – Mubasher: Joint financial advisors and joint global coordinators of the Saudi Arabian Oil Company’s (Saudi Aramco) initial public offering (IPO) announced updates on institutional bids received during the first 15 days of the bookbuilding …
Investors placed 91 buy orders for 29.96 million shares
1 December 06:03 PM Rameda’s retail offering 1.6 times oversubscribed on 2nd day
Cairo – Mubasher: The retail offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed by 1.6 times on the second day of subscription, capital market sources told Mubasher on Sunday. …
IPO subscription period for institutional investors ends on 4 December
29 November 05:08 PM Aramco IPO raises SAR 166bn in 12 days
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) raised SAR 166.04 billion ($44.3 billion) from its initial public offering (IPO) in the first 12 days, according to lead manager of the oil giant, Samba Capital. The world’s biggest oil …
Total ordered shares stood at 19.65 million
28 November 05:19 PM Rameda’s offering oversubscribed on 1st day
Cairo – Mubasher: The offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has been oversubscribed on the first day of subscription, sources in the Egyptian Exchange (EGX) told Mubasher on Thursday. Total …
The IPO process is set to conclude on 4 December
27 November 02:42 PM UAE, Kuwait funds plan investing in Aramco’s IPO
Riyadh – Mubasher: Sovereign wealth funds in Abu Dhabi and Kuwait are reportedly planning to invest in the initial public offering (IPO) of the Saudi Arabian Oil Company (Saudi Aramco). Reuters reported that the Abu Dhabi Investment Authority …
The IPO involves selling 376.6 million secondary shares
27 November 12:56 PM Rameda to list 49% stake on EGX in IPO at EGP 4.66/shr
Cairo – Mubahser: The Egyptian Financial Regulatory Authority (FRA) approved to publish the prospectus of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) to proceed in its initial public offering (IPO). The IPO …
Rania Nashar, Deputy Chairman, Samba Capital
26 November 10:01 AM New updates on Aramco IPO revealed
Riyadh – Mubasher: Samba Capital and Investment Management Company, the lead manager of the Saudi Arabian Oil Company’s (Saudi Aramco) initial public offering (IPO), announced updates on retail subscription results. The number of subscribers …
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25 November 10:58 AM Implications of Aramco IPO on Saudi banks - Report
Riyadh – Mubasher: The initial public offering (IPO) of the Saudi Arabian Oil Company (Saudi Aramco) will likely to be positive for Saudi banks during the fourth quarter (Q4) of 2019 due to banking fees, however, Al Rajhi Capital Research expects …
Foreign investments inflows to Saudi Arabia reached SAR 82 billion in 2019
24 November 06:52 PM Tadawul among top 10 markets after Aramco IPO – CEO
Riyadh – Mubasher: Listing the Saudi Arabian Oil Company (Saudi Aramco) on the Saudi Stock Exchange (Tadawul) will help attract more liquidity and foreign investments, according to Saudi Capital Market Authority (CMA) Chairman Mohammed bin …
Khalid Abdullah Al Hussan, Chief Executive Officer (CEO) of Tadawul
24 November 02:28 PM Tadawul could launch derivatives market in 2020
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) will announce the expected to launch a financial derivatives market before the end of 2019, said CEO Khalid Abdullah Al Hussan During an event organized by the Riyadh Chamber, Al Hussan said …
Institutional subscriptions amounted to SAR 58.4bn
22 November 12:07 PM Subscriptions in Aramco’s IPO reach SAR 73bn in 5 days
Riyadh – Mubasher: The value of subscriptions in Saudi Aramco’s IPO has reached SAR 72.99 billion ($19.46 billion) in the first five days of the offering, according to a report released by Sama Capital, the IPO’s lead manager. Institutional …
Aramco’s IPO began Sunday on 1.5% of the company’s shares
20 November 12:51 PM Aramco’s weight on TASI to exceed 9%
Riyadh – Mubasher: The stock of the Saudi Arabian Oil Company (Saudi Aramco) is likely to have a weight of 9.1% to 9.7% in the main index of the Saudi Stock Exchange (Tadawul), based on the SAR 30-32 share price range. Meanwhile, Al Rajhi Bank is …
Saudi Stock Exchange (Tadawul)
18 November 03:32 PM Are foreigners allowed to buy Aramco shares in IPO?
Riyadh – Mubasher: Subscription of individuals and entities in the Saudi Arabian Oil Company’s (Saudi Aramco) intimal public offering (IPO) began on Sunday on 1.5% of the company’s share, with a price range set between SAR 30 and SAR 32 ($8-8.5). …
The IPO began today and will continue until 4 December
17 November 04:16 PM Market experts foresee success for Aramco’s IPO
By: Bedour Al Raee  Riyadh – Mubasher: Market analysts are expecting huge success for the Saudi Aramco initial public offering (IPO), which could be the biggest in history, thus taking the Saudi Stock Exchange (Tadawul) into a new stage and …