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Initial Public Offerings

Elm is fully owned by the Public Investment Fund (PIF)
18 May 12:24 PM Saudi Arabia's wealth fund mulls IPO of information security firm
Riyadh – Mubasher: Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF), is considering an initial public offering (IPO) of its Elm Information Security Company, Reuters reported citing sources familiar with the matter as saying. …
Sumou will be listed on the Nomu – Parallel Market
11 May 10:39 AM Trading Sumou Real Estate shares begins today
Riyadh – Mubasher: Listing and trading the shares of Sumou Real Estate Company began on Monday, 11 May 2020, as announced by the Saudi Stock Exchange (Tadawul). Sumou will be listed on the Nomu – Parallel Market, with a 20% daily share price …
Total IPO proceeds raised on African exchanges reached $15.9 billion
4 May 03:55 PM Egypt raises $2.2bn from IPOs in 10 yrs – Report
Cairo – Mubasher: The Egyptian Exchange (EGX) raised $2.2 billion from 23 initial public offerings (IPO) over the last decade, PwC said in its latest report: “Africa Capital Markets Watch 2019.” Between 2010 and 2019, the EGX accounted for the …
Capital Market Authority
28 April 11:11 AM Sumou Real Estate to offer 1.25m shares
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the request by Sumou Real Estate Company to reduce the number of shares to be offered in the Nomu Parallel Market. The real estate firm will now offer 1.25 million shares, …
The listing was previously scheduled for 19 April
14 April 09:42 AM Boursa Kuwait delays listing date due to COVID-19
Mubasher: Boursa Kuwait has postponed the initial date to list its shares on the official stock market to another date that will be scheduled later, state-run Kuwait News Agency (KUNA) reported.     The decision comes in light of the prevailing …