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Initial Public Offerings

Shares will be listed on the EGX on 29 January
23 January 03:00 PM EGX approves listing Emerald Real Estate Investment's shares
Cairo – Mubasher: The listing committee of the Egyptian Exchange (EGX) decided to list Emerald Real Estate Investment’s stock with an issued capital of EGP 250 million. A total of 250 million shares at a nominal value of EGP 1 apiece will be …
Saudi Minister of Finance Mohammed Al Jadaan - Photo Archive
22 January 05:17 PM Another IPO remains an option for Aramco – Minister
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) is still considering to list its shares on a foreign stock exchange, following its recent initial public offering (IPO) on the local market, according to the Saudi Minister of Finance …
Photo Archive
14 January 02:04 PM Sulaiman Al Habib plans IPO in February – Report
Riyadh – Mubasher: Sulaiman Al Habib Medical Group, a Saudi-based private healthcare operator, plans an initial public offering (IPO) as early as next month, Bloomberg reports. The company has reportedly hired Jadwa Investment and Riyad Capital as …
Photo Archive
12 January 01:19 PM Aramco’s IPO value exceeds $29bn
Riyadh – Mubasher: Saudi Aramco revealed that the value of its initial public offering (IPO), which was already the largest in the world, has reached SAR 100.4 billion ($29.4 billion). This came following the exercise of the greenshoe option or …
The world's biggest IPO size reached $29.4 billion
12 January 10:56 AM Aramco allocates 450m shares to IPO investors
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) announced today that the Stabilising Manager of its recent initial public offering (IPO), Goldman Sachs, has carried out no stabilisation transactions during the stabilisation period. …
The main index EGX30 advanced by 925.79 points over the course of 2019
1 January 10:48 AM EGX chairman expects IPOs of 3-4 private firms in 2020
Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to have initial public offerings (IPOs) of 3-4 private-sector companies during 2020, the EGX’s chairman Mohamed Farid said in a press conference on Tuesday.  The year 2019 has witnessed …
50% of AMAN REIF will be offered in a private offer
31 December 2019 03:48 PM Oman's AMAN REIF to launch IPO on Thursday
Mubasher: Omani fund under formation AMAN REIF has announced that its initial public offering (IPO) is set to be launched on Thursday, 2 January 2020 and last for 15 days until 16 January. The announcement took place during a press conference held …
Hamburgini is a Saudi fast-food burger chain that launched in 2013
26 December 2019 03:24 PM Hamburgini to list on Tadawul in 2020 – CEO
Riyadh – Mubasher: Founder and CEO of Food Basics Company, Nawaf Al Fouzan, revealed his company’s plans to list the Hamburgini brand on the Saudi Stock Exchange (Tadawul) in 2020. The stock market allows a better opportunity for growth and …
Fawry’s IPO led the 2019 offerings
26 December 2019 02:19 PM EGX sees EGP 5.1bn offerings in 2019
By: Heba El-Kordy Cairo – Mubasher: The Egyptian Exchange (EGX) has witnessed four initial and secondary public offerings during 2019. The EGX hosted the offerings of Eastern Co, Speed Medical Co, Fawry for Banking Technology and Electronic …
The IPO shares represent 30% of Amlak International’s capital
26 December 2019 11:29 AM CMA approves Amlak International IPO
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Amlak International for Real Estate Finance Company's initial public offering (IPO) of 27.18 million shares, representing 30% of the company's capital. The offering …
The IPO will be announced soon
21 December 2019 08:05 PM MAG Development considers IPO on DFM
UAE – Mubasher: MAG Holding Group’s real estate unit, MAG Development, is planning to launch an initial public offering (IPO) on the Dubai Financial Market (DFM), the group’s CEO Sar Haffar said, according to Khaleej Times. The IPO will be …
Total value of subscribed units reached SAR 116.62 million
20 December 2019 10:56 AM Al Rajhi Capital’s REIT IPO sees SAR 117m units subscribed
Riyadh – Mubasher: Al Rajhi Capital announced the result of the initial public offering (IPO) for its real estate investment trust (Al Rajhi REIT) total asset value, which was covered by 78.63%. The IPO, which was completed on 18 December, ended …
The Egyptian investment bank acted as joint bookrunner of Aramco’s offering
11 December 2019 01:29 PM EFG Hermes completes advisory on Aramco’s IPO
Cairo – Mubasher: EFG Hermes announced that it has completed advisory on the world’s biggest-ever initial public offering (IPO) of oil giant Saudi Arabian Oil Co (Aramco). The Egyptian investment bank acted as joint bookrunner of Aramco’s offering …
Aramco CEO Amin Nasser ringing the opening bell in Tadawul
11 December 2019 00:42 PM Aramco begins trading on Tadawul in celebratory sentiment
Riyadh – Mubasher: Listing and trading the shares of the Saudi Arabian Oil Company (Saudi Aramco) began today on the Saudi Stock Exchange (Tadawul), following the largest initial public offering (IPO) the world has ever seen. Minutes after trading …
Aramco offered 1.5% of its shares through the initial public offering (IPO)
9 December 2019 06:29 PM Aramco allocates $1bn shares for employee incentives
Riyadh – Mubasher: The Saudi government’s ownership in the Saudi Arabian Oil Company (Saudi Aramco) stands at 98.21%, as shown by the data of the Saudi Stock Exchange (Tadawul). Aramco offered 1.5% of its shares through an initial public offering …
The story of Fawry was featured in the 2019 RiseUp Summit
9 December 2019 04:47 PM Fawry encourages startups to consider listing on EGX
By: Moslem Ali Cairo – Mubasher: The story of Fawry was featured in a session titled “An IPO Story” on the third and final day of the 7th RiseUp Summit, held on 5-7 December 2019 at the American University in Cairo (AUC), under the theme “Journey …
Kuwaiti stock exchange's headquarters
9 December 2019 11:04 AM Boursa Kuwait’s stock allocation concluded–CMA
Mubasher: Kuwait’s Capital Market Authority (CMA) announced on Monday the finalisation of the stock allocation of 50% of Boursa Kuwait Securities Company’s (BKSC) issued share capital and paid-in capital for subscribing citizens. As from 19 …
The public offering included 18.8 million shares
8 December 2019 03:49 PM Rameda raises EGP 1.75bn in IPO
Cairo – Mubasher: The public and private offerings of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) have been executed on 376.6 million shares, representing 48.99% of the company’s capital shares, at EGP 4.66 per …
Mubasher interviewed EGX Chairman, Mohamed Farid Saleh, during RiseUp Summit 2019
8 December 2019 03:30 PM EGX to expect more startup IPOs – Chairman Interview
By: Moslem Ali Cairo – Mubasher: The Chairman of the Egyptian Exchange (EGX), Mohamed Farid Saleh, has asked all stakeholders to take part in nationwide efforts to increase public participation in the stock market, especially youth. “The value …
The shares are valued at SAR 106.444 million
8 December 2019 02:54 PM Boubyan Petrochemical subscribes to Aramco’s IPO shares
Mubasher: Boubyan Petrochemical Company has subscribed to Saudi Arabian Oil Co's (Saudi Aramco) initial public offering (IPO) and was allocated 3.326 million shares.   The subscribed shares are valued at SAR 106.444 million (KWD 8.6 million), …
Aramco’s IPO raised $25.6 billion
7 December 2019 05:07 PM Wider industry downturn affects Aramco’s valuation – Minister
Riyadh – Mubasher: Aramco is worth more than $1.7 trillion, but the company has fallen victim of a wider industry downturn, Saudi Arabian energy minister Prince Abdulaziz bin Salman said during an interview with Reuters. However, as Aramco’s …
IPO price was fixed at SAR 32 per share
6 December 2019 05:30 PM Saudi Aramco shares to kick off trading next Wednesday
Riyadh – Mubasher: Saudi Aramco shares will start trading on 11 December, the Saudi securities exchange Tadawul said in a statement on Friday. Aramco shares will trade under the symbol 2222, while they will have a daily fluctuation limit of plus …
Retail stock allocation was finalised
6 December 2019 05:05 PM Saudi Aramco’s retail IPO 154% oversubscribed
Riyadh – Mubasher: Saudi Aramco’s stock allocation for retail subscribers was finalised, initial public offering (IPO) lead manager Samba Capital & Investment Management said. The oil giant allotted as much as 1,500 shares per retail investor, …
Photo Archive
5 December 2019 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 2019 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 …