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Initial Public Offerings

21 July 01:30 PM Mubadala's GlobalFoundries committed to IPO plan in 2022 - CEO
UAE - Mubasher: The US-based GlobalFoundries, a chipmaker owned by Abu Dhabi's Mubadala Investment Company, is committed to its plan for an initial public offering (IPO) in 2022, the company's CEO, Tom Caulfield, confirmed during a recent …
The transaction is the first IPO in Abu Dhabi since 2017
15 July 11:28 AM EFG Hermes advises on Mubadala-owned Yahsat’s AED 2.7bn IPO on ADX
Cairo - Mubasher: EFG Hermes has completed advisory to Al Yah Satellite Communications (Yahsat), a fixed and mobile satellite services operator owned by UAE's Mubadala Investment Company (Mubadala), on its AED 2.7 billion initial public offering …
Yahsat will be listed on the ADX under the trading symbol (YAHSAT)
11 July 02:33 PM Yahsat's shares to be listed on ADX from Wednesday
Abu Dhabi - Mubasher: The shares of Al Yah Satellite Communications Company (Yahsat) will be listed on the Abu Dhabi Securities Exchange (ADX) under the trading symbol (YAHSAT) starting from Wednesday, 14 July 2021, on the main market.  The …
The individual investors’ subscription requests will be for a one-day period
6 July 02:45 PM Tanmiah IPO final offer price set at SAR 67/share
Riyadh – Mubasher: The final offer price of Tanmiah Food Company’s initial public offering (IPO) has been at SAR 67 per share, with the coverage ratio reaching 9,534%. Saudi Fransi Capital, the financial advisor, lead manager, bookrunner, and …
No further details about the public offering were disclosed
5 July 10:15 AM Saudi CMA approves public offering of Murabaha fund
Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority (CMA) gave the green light on 4 July to the public offering of Blominvest Saudi Riyal Murabaha Fund by Blominvest Saudi Arabia Company, according to a bourse disclosure. Murabaha funds are …
Tadawul did not disclose further details about the public offering
5 July 10:05 AM CMA nods to public offering of AlAhli - KSU Waqf Fund
Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority (CMA) has approved the public offering of King Saud University (KSU) Waqf Fund by SNB Capital, according to a disclosure by the Saudi Exchange (Tadawul). KSU has endowments that aim to …
The CMA’s approval is valid for six months
4 July 04:01 PM ACWA Power gets CMA’s approval to offer 81.2m shares in IPO
Riyadh - Mubasher: The Saudi Capital Market Authority’s (CMA) board of directors approved a request by the International Company for Water and Power Projects (ACWA Power) to offer 81.2 million shares, or 11.1% of the company's share capital, in an …
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4 July 03:27 PM ADNOC adds Goldman Sachs to lead role on drilling unit’s IPO
UAE – Mubasher: Abu Dhabi National Oil Company (ADNOC) has selected Goldman Sachs to become a global coordinator for the initial public offering (IPO) of the company’s drilling unit, Reuters reported. The sources referred that ADNOC Drilling's …
Yahsat seeks to raise as much as $810 million from the IPO
29 June 02:06 PM Mubadala-owned Yahsat's IPO order book fully covered
UAE - Mubasher: Al Yah Satellite Communications Company (Yahsat), owned by Mubadala Investment Company (Mubadala), has attracted investor demands enough to cover the order book for its initial public offering (IPO) on Abu Dhabi Securities Exchange …
A payment company is currently discussing listing on EGX
29 June 01:12 PM EGX to witness two IPOs before 2021-end - FRA Chairman
By: Ahmed Allam Cairo - Mubasher: The Financial Regulatory Authority's (FRA) Chairman, Mohamed Omran, expects the Egyptian Exchange (EGX) to witness two initial public offerings (IPOs) before the end of 2021. On the sidelines of a press conference …
CMA approved two IPOs on Monday
28 June 05:15 PM CMA nods to IPOs of Arabian Contracting, stc’s subsidiary
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved the initial public offering (IPO) of 15 million shares of Arabian Contracting Services Company. The amount represents 30% of the company’s capital, according to a bourse filing …
Minister of Public Business Sector Hisham Tawfik
27 June 04:57 PM Egypt to list Ghazl El-Mahalla Club on EGX before new season starts
Cairo - Mubasher: Egypt is planning to list Ghazl El-Mahalla Sporting Club on the Egyptian Exchange (EGX) before the beginning of the new season, Minister of Public Business Sector Hisham Tawfik revealed.  It is planned to offer EGP 135 million …
The institutional subscription period will continue until 1 July 2021
27 June 12:11 PM Tanmiah Food sets IPO price range at SAR 59-67/shr
Riyadh – Mubasher: The price range of Tanmiah Food Company’s initial public offering (IPO) has been set between SAR 59 and SAR 67 per share, according to a press release on Sunday. Saudi Fransi Capital said the process of building the order book …
The final offer price for the shares is expected to be set on 9 July
27 June 11:10 AM Mubadala's Yahsat announces offer price range for IPO, subscription period opening
Abu Dhabi - Mubasher: Al Yah Satellite Communications Company, owned by Mubadala Investment Company (Mubadala), has set the offer price range for its initial public offering (IPO) on Abu Dhabi Securities Exchange (ADX) at AED 2.55 to AED 3.05 per …
Yahsat will include at least 30% of its issued share capital
21 June 11:33 AM Mubadala's Yahsat prepares for listing on ADX
UAE - Mubasher: Al Yah Satellite Communications Company, owned by Mubadala Investment Company (Mubadala), is intending to proceed with the initial public offering (IPO) to list its shares on the Abu Dhabi Securities Exchange (ADX). Yahsat will …
Tadawul remained the MENA region’s top listing venue in Q1-21
17 June 11:27 AM Saudi Arabia continues to lead MENA’s IPO market – EY
Mubasher: Saudi Arabia witnessed the most active initial public offering (IPO) transactions across the MENA region, topping the regional listing venue in the first quarter (Q1) of 2021, a recent report by Ernst & Young (EY) unveiled. The Saudi …