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Initial Public Offerings

Interested investors can contact HSBC Saudi Arabia
25 June 01:34 PM Ataa Eduction’s book building for IPO starts on Thursday
Riyadh – Mubasher: Ataa Education Company will commence the book building for its initial public offering (IPO) on Thursday, 27 June in preparation for floating 12 million shares, equaling a 30% stake of the company’s SAR 400 million capital. The …
The planned IPO will comprise 36.5 million ordinary new shares
17 June 06:08 PM Nayifat Finance to launch IPO on Tadawul
Riyadh – Mubasher: Nayifat Finance Company announced plans to float part of its shares in an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). The planned IPO will comprise 36.5 million ordinary new shares, representing 30.041% …
The second phase of the state’s IPO programme will include 6-7 companies
16 June 03:02 PM Egypt’s state-run enterprises to launch IPO contingent on restructuring – Minister
By: Abdullah Bedeir Cairo – Mubasher: Listing government-owned companies on the Egyptian bourse is contingent on the results of restructuring these firms, the country’s public enterprise minister Hisham Tawfik said on Sunday.  The ministry is …
Aramco raised $12 billion in its first-ever international bond issue in April.
16 June 11:14 AM Saudi Aramco IPO likely to be in 2020/2021 – Crown Prince
Riyadh – Mubasher: Saudi Arabia is committed to commencing the initial public offering (IPO) of the Saudi Arabian Oil Co, better known as Saudi Aramco, under “the proper circumstances,” the kingdom’s crown prince, Mohammed bin Salman, told Asharq …
ENPPI is expected to launch its IPO in the first half of 2019
9 June 11:51 AM Egypt to launch 2nd phase of state IPOs in September
Cairo – Mubasher: Egypt’s government will commence the second phase of the state’s initial public offering (IPO) programme in September as planned, the public enterprise minister told Enterprise. The schedule set for the second phase of the IPO …
About 14,280 shares were subscribed
3 June 12:28 PM ICON’s capital raise covered by 93.85%
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) announced that the first phase of its issued capital increase has been covered by 93.85%. About 14,280 shares were subscribed during the first phase of …
Ataa Educational Company will offer 12 million shares
30 May 01:19 PM Ataa Educational obtains CMA’s approval for IPO
Riyadh – Mubasher: Ataa Educational Company received the approval of the Capital Market Authority (CMA) for an initial public offering (IPO). Kingdom-based Ataa Educational will offer 12 million shares, representing 30% of the company’s capital …
The size of the offering has not determined yet.
27 May 02:23 PM Napco National plans to go public
Riyadh – Mubasher: Napco National is seeking to float a stake of its shares on the stock market, Reuters reported on Monday. The Dammam-based home disposables manufacturer is working with Banque Saudi Fransi’s investment banking arm, Saudi Fransi …
The issuance proceeds will be used to finance potential acquisitions over the coming period.
27 May 02:14 PM Saudi Maaden reportedly mulls rights issue worth $5bn
Riyadh – Mubasher: Saudi Arabian Mining Company (Maaden), with a 65% stake owned by the kingdom's sovereign investor Public Investment Fund (PIF), reportedly plans to raise as much as $5 billion via a rights offering, people familiar with the …
Saher is as a country-wide system monitoring traffic flow
22 May 02:46 PM Saudi PIF mulls floating stake in traffic management arm
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) plans an initial public offering (IPO) of its traffic management firm, Saher, wholly owned by its subsidiary Tahakom Comprehensive, Bloomberg News reported. Tahakom, formally known as …
The retail offering attracted around 26,476 individual investors
20 May 02:50 PM Arabian Centres’ shares deposited into investors’ accounts – Edaa
Riyadh – Mubasher: The Securities Depository Center (Edaa) announced the deposit of Arabian Centres Company’s subscribed shares into investors’ accounts after finishing the initial public offering (IPO). In mid-April, the Saudi Capital Market …
Mahara allocated 90% of the total offering size to institutional investors
20 May 10:31 AM Mahara Human Resources’ IPO oversubscribed by 230%
Riyadh – Mubasher: Samba Capital announced that the initial public offering (IPO) of Mahara Human Resources has been oversubscribed by 230%. The financial advisor, bookrunner, lead manager, and sole underwriter of the IPO added that the offering …
Finablr’s shares began trading at 175 pence per share
15 May 03:18 PM EFG Hermes completes GBP 337m IPO advisory for Finablr
Cairo – Mubasher: EFG Hermes on Wednesday announced the completion of its advisory on the initial public offering (IPO) of Finablr, global platform for payments and foreign exchange solutions, on the London Stock Exchange (LSE). The Cairo-based …
The fund is fully owned by Al Bilad Investment
15 May 12:56 PM CMA greenlights IPO of ‘Albilad Al-Ameen’ Fund
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the request of Al Bilad Investment Company to sell the units of “Albilad Al-Ameen Capital Protection Fund” via an initial public offering (IPO). The fund is fully owned by Al …
The retail offering made up 6% of the offer shares
14 May 12:20 PM Arabian Centres closes IPO, retail offering
Riyadh – Mubasher: Arabian Centres Company (Arabian Centres) completed its initial public offering (IPO), along with concluding the retail offering taken place on 9 May. The retail offering attracted around 26,476 individual investors, subscribing …
Operational revenue fell by 7% to AED 6.8 million in Q1-19
12 May 12:44 PM Eshraq Investments Q1 profit plunges 73%; board mulls listing on Tadawul
Abu Dhabi – Mubasher: Eshraq Investments, listed on the Abu Dhabi Securities Exchange (ADX), has posted a net profit of AED 2.1 million for the first quarter of 2019. Operational revenue fell by 7% to AED 6.8 million during the three-month period …