Initial Public Offerings

Finablr aims to raise $200 million from the IPO
17 April 11:01 AM Finablr plans IPO on LSE in May
UAE – Mubasher: UAE-based Finablr is set to float a stake of its shares of on the London Stock Exchange (LSE), Reuters reported.   The payments and foreign exchange company is expected to launch its initial public offering (IPO) in May, while the …
The Saudi shopping malls operator will offer 95 million shares
16 April 11:55 AM Arabian Centres Co may raise $1bn from planned IPO
Riyadh – Mubasher: Saudi-based Arabian Centres Company on Tuesday announced that the net proceeds from its planned initial public offering (IPO) will be used in slashing debt along with achieving general corporate purposes, according to a …
Arabian Centres Company will offer 95 million shares
15 April 04:45 PM CMA greenlights Saudi Arabian Centres’ IPO
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Arabian Centres Company’s request to float a 20% stake in an initial public offering (IPO). The Saudi shopping malls operator, owned by Fawaz Alhokair Group, will offer 95 …
The real value of the company’s share will be evaluated
15 April 03:31 PM Boursa Kuwait Co’s IPO to kick off in Q1-20 - CMA
Mubasher: The initial public offering (IPO) of Boursa Kuwait Securities Company is expected to take place in the first quarter of 2020, the chairman of Capital Market Authority (CMA) Board of Commissioners said. The real value of the company’s …
Network International’s shares will be traded on the LSE’s main market under the ticker (NETW)
15 April 10:17 AM UK regulators greenlight Network International’s trading on LSE
Dubai – Mubasher: Emirates NBD’s payment processing unit, Network International, announced that its entire issued ordinary share capital of 500 million shares has been admitted to the premium listing segment of the Financial Conduct Authority …
The gross proceeds from the sale amounted to GBP 66.55 million
14 April 10:40 AM Emirates NBD sells 15.3m shares in Network International
Dubai – Mubasher: Emirates NBD on Sunday confirmed that the Greenshoe option has been exercised by selling 15% of Network International’s offering size from the selling shareholders to Citigroup Global Markets Limited. The Dubai-based lender has …
The IPO was sealed through issuing 6.03 million shares
11 April 04:58 PM Speed Medical’s IPO sealed at EGP 21.5m
Cairo – Egypt: The initial public offering (IPO) of Speed Medical Co’s shares was executed at a total value of EGP 21.53 million. The IPO was sealed through issuing 6.03 million shares representing 11.6% of the company’s issued capital at a value …
Network International’s IPO is the biggest listing in Europe in 2019
11 April 03:53 PM Allen & Overy advises Network International on London IPO
Abu Dhabi – Mubasher: Allen & Overy has advised Network International Holdings, the largest payment processing firm across the Middle East and Africa, on its GBP 2.2 billion ($2.88 billion) initial public offering (IPO) and listing on the premium …
The Carlyle team and Mubadala team are driven value creation
10 April 05:41 PM Mubadala Investment will consider IPO for Spanish Cepsa
Abu Dhabi – Mubasher: Mubadala Investment Company plans to consider an initial public offering (IPO) for its full-owned Spanish oil company, Cepsa, CEO of petroleum and petrochemicals at Mubadala Investment Musabbeh Al Kaabi told Bloomberg …
Finablr’s net debt stood at $564.2 million at the end of 2018
10 April 10:44 AM UAE’s FX firm Finablr mulls IPO on LSE
Abu Dhabi – Mubasher: UAE-based Finablr is mulling over floating a stake of its shares on the London Stock Exchange (LSE), Reuters reported. The initial public offering (IPO) of the payments and foreign exchange company could raise at least $200 …
Saudi Aramco is the world's largest oil producer.
3 April 03:26 PM Saudi Aramco mulls floating stakes in three subsidiaries
Riyadh – Mubasher: Saudi Arabian Oil Company, better known as Saudi Aramco, expects to float parts of its stakes in some subsidiaries on the Saudi Stock Exchange (Tadawul), according to a prospectus issued by the kingdom-based oil giant. Saudi …
The price range for the IPO has been set at 395 pence to 465 pence per share
1 April 02:58 PM Network International unveils price range of IPO on London exchange
Dubai – Mubasher: Network International, an affiliated associate of Emirates NBD, on Monday announced the pricing range for its initial public offering (IPO) on the London Stock Exchange (LSE). The price range for the IPO has been set at 395 pence …
The IPO programme aims at offering further investment opportunities to the Egyptian securities market
1 April 02:40 PM Egypt eyes EGP8bn proceeds via gov’t IPOs in FY19/20 - MoF
Cairo – Mubasher: Egypt is looking to net around EGP 8 billion in proceeds from the government initial public offering (IPO) programme in fiscal year 2019/2020, the Ministry of Finance (MoF) revealed on Monday. The government plans to offer …
ACQA Power aims to sell a 30% stake in the IPO
24 March 04:35 PM Saudi ACWA Power to launch IPO in Q4-18
Riyadh – Mubasher: Saudi-based ACWA Power is planning to launch an initial public offering (IPO) in the fourth quarter of 2018, Mohammed Abu Nayan, the company’s chairman, said. These plans still require the approval of the concerned regulatory …
The admission is expected to take place in April
21 March 01:53 PM Emirates NBD unit to proceed with IPO on LSE
Dubai – Mubasher: Network International, an affiliated associate of Emirates NBD Group, on Thursday has confirmed its plan to proceed with an initial public offering (IPO) on the London Stock Exchange (LSE). Further announcements will be made in …
Farid did not name the would-be private firms
19 March 03:52 PM Three Egyptian companies to go public in 2019 – EGX chairman
Cairo – Mubasher: Three private Egyptian companies are planning to launch initial public offerings (IPOs) by the end of 2019. Two of the three companies have a combined market value of EGP 14 billion ($807.78 million), the Egyptian Exchange’s …
The company also aims to invest around EGP 3.8 billion into its network in 2019
18 March 04:13 PM Orange Egypt mulls refloating stake on EGX in 2019
Cairo – Mubasher: Orange Egypt for Telecommunications is considering floating a stake on the Egyptian Exchange (EGX) again, the company’s CEO and managing director said. The telecom Egyptian subsidiary of France-based Orange has invested around …
This approval should not be considered as a recommendation to subscribe in the fund
18 March 11:48 AM Saudi CMA nods to IPO of Itqan Capital Saudi Equity Fund
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Monday has greenlighted the initial public offering (IPO) of Itqan Capital Saudi Equity Fund over the coming period. This approval should not be considered as a recommendation to …
Network International is the largest payment processing firm across the Middle East and Africa
14 March 11:15 AM Emirates NBD’s payment processing unit to go public on LSE
Dubai – Mubasher: Network International, an affiliated associate of Emirates NBD Group, on Thursday announced that it plans to proceed with an initial public offering (IPO) on the London Stock Exchange (LSE). If Network International’s …
Saudi Fransi Capital is the lead manager
13 March 03:17 PM Al Moammar Information Systems’ shares oversubscribed by 1.1x
Riyadh – Mubasher: The initial public offering (IPO) of Al Moammar Information Systems Company has been oversubscribed by 1.1 times at SAR 45 per share. Slated for launching on 17 March on the Saudi Stock Exchange (Tadawul), the offering will last …
Egyptian public business sector minister Hisham Tawfiq
13 March 12:04 PM EGX to see 6-7 state-run IPOs in Q4 - Minister
Cairo – Mubasher: The second phase of the Egyptian government's initial public offering (IPO) programme will be launched during the fourth quarter of 2019, the public business sector minister said. This phase will feature between six and seven …
Nasdaq plans to list Lyft
12 March 02:16 PM Nasdaq plans to list Lyft
Riyadh – Mubasher: Saudi Arabia’s Kingdom Holding Company (KHC) on Tuesday has said that its 2.30% subsidiary Lyft will be listed on Nasdaq Stock Exchange over the coming period. Lyft, which started business in 2012 is based in the US and provides …
Banque Du Caire to postpone EGX listing to 2020
12 March 11:09 AM Banque Du Caire to postpone EGX listing to 2020
Cairo – Mubasher: Banque Du Caire could postpone floating a stake on the Egyptian Exchange (EGX) to the first quarter of 2020, a government source said. Banks are currently settling procedures that make it difficult for them to file for initial …
Eastern Company’s additional share sale has attracted a large number of global, GCC, and Egyptian investors
7 March 01:04 PM EFG Hermes advises on Eastern Co’s further share sale
Cairo – Mubasher: EFG Hermes Holding on Thursday announced that it has acted as the international coordinator and lead manager for floating an additional stake in Eastern Company on the Egyptian Exchange (EGX). Eastern Company’s further share sale …
Aramco IPO to start within 2 yrs – Al-Falih
7 March 12:07 PM Aramco IPO to start within 2 yrs – Al-Falih
Riyadh – Mubasher: The Saudi Arabian Oil Co, known internationally as Saudi Aramco, is expected to kick off its initial public offering (IPO) within two years, Okaz newspaper reported, citing the kingdom’s energy minister Khalid Al-Falih as …