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ADX partners with Eureeca
The collaboration will bolster accessibility to ADX IPOs.
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UAE, Saudi Arabia to lead IPO MENA markets: EFG Hermes
The investment bank is working on five diverse sectoral IPOs in the GCC market which will be launched between the second and fourth quarters of the year. -
Presight to list on ADX
It will make an initial public offering before listing. -
ADNOC Gas announces final IPO pricing, to raise $2.5 billion
The ADNOC Gas offering was set at 2.37 dirhams ($0.65) per share, towards the top of its range, implying a market capitalization of about $50 billion. Total demand topped $124 billion, making it more than 50 times oversubscribed, ADNOC said, calling it the biggest demand yet seen for an IPO... -
ADNOC Gas increases IPO size to $2.5 billion on high investor demand
ADNOC Gas said that ADNOC will now offer 3.83 billion shares, equivalent to approximately 5 percent of ADNOC's total issued share capital. Previously, the offering size was $2 billion or 3.07 billion shares. The final offer price is expected to be announced on March 3. -
ADNOC Gas IPO offer price range
The subscription period opens on February 23. -
Saudi Arabia, UAE set to lead IPO activities in GCC
Around 27-39 companies in the Gulf region are expected to come out with IPOs in the first few months of this year with the Kingdom and UAE leading from the front, reports suggest. -
Abu Dhabi stock exchange expects boom in listings in 2023
Abu Dhabi, UAE-- The Chairman of the Abu Dhabi Securities Exchange Hisham Khalid Malak expects an increase in listings on the stock exchange in 2023. "We have a healthy pipeline of IPOs and listings with aspirations to surpass 2022. There will always be challenges, but also opportunities," he told media.... -
MENA IPO Summit discusses ‘regulatory structure for capital markets’
Dubai, UAE-- On the second day of the MENA IPO Summit Dubai 2023, many experts called for the creation of a a dynamic and advanced regulatory structure for capital markets and educating market participants on the best practices. During the summit’s workshops and discussions, securities companies and experts talked about... -
ADNOC Gas set up as processing, operations and marketing firm
ADNOC said the company combines the operations, maintenance and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global and market-leading consolidated business. ADNOC Gas will operate eight processing sites both onshore and offshore with a pipeline network of over 3,250km. -
MENA IPO Summit to attract top industry experts
Dubai, UAE-- Top industry experts will share first-hand knowledge of the IPO process and the opportunities and challenges of becoming a public company at the MENA IPO Summit, to be held in Dubai from 23 to 25th January. The event will also showcase a roadmap for startups and SMEs in... -
Roadmap for startups on agenda of MENA’s only IPO-focused summit
The summit, which will be held from 23-25 Jan, 2023, ""will shed light on the strong impetus and promising prospects of the IPO sector in Dubai". The emirate's media office said the summit comes on the back of a record IPO activity in 2022. -
MEEZA to offer 50% of its shares
It will be Qatar's first firm to use book building for IPO. -
DEWA approves special $552m dividend
The record date for the dividend is 22 Dec. 2022. -
GCC IPOs resilient to volatility hurting other markets
Various IPOs raised nearly $4.8 billion in the GCC in the first five months of 2022 alone, which was higher than in Europe. -
Saudi Aramco subsidiary Luberef expects to raise $1.32 bn from IPO
Dubai, UAE---Luberef, a subsidiary of Saudi oil giant Aramco, expects to raise up to SAR 4.95 billion ($1.32 billion) from its Initial Public Offering (IPO), the company said. The company will sell nearly 30 percent of its share capital to individual and institutional investors, which translates into 50.045 million shares,... -
Americana revises timetable for concurrent dual listing on ADX, Saudi Exchange
The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively. -
Americana IPO: UAE retail offer doubled
Saudi retail tranche remains unchanged at 10 percent. -
Private school operator Taaleem’s IPO oversubscribed 18 times
Dubai, UAE---United Arab Emirates private school operator Taaleem Friday said it has set the price of its Initial Public Offering (IPO) at AED3 per share ($0.8168), raising AED750 million ($204 million). Taaleem, which runs 26 premium schools in the UAE, will sell 250 million shares, equivalent to 25 percent of... -
Tencent Q3 revenue down 2 percent
It is Tencent's second consecutive quarterly decline in revenue. -
Private school operator Taaleem offers 25 percent stake in IPO
Taleem set the price range at AED2.95 ($0.80) and AED3 per share, implying a market capitalization at time of listing of between AED2.962 billion and AED3 billion. It plans to sell up to 254.2 million shares, or about a 25.32 percent stake. -
Burjeel’s nine-month net profit $55.83m
The company's revenue grew 17.8 percent year on year. -
Marafiq IPO oversubscribed
It attracted total orders of nearly $1.7 billion. -
Americana to sell 30% stake in IPO
The company will list on ADX and Saudi Tadawul by Dec. 6. -
Empower IPO priced AED1.31-1.33 per share
The total offering size expected between $357m and $362m. -
Taaleem to raise US$204.21 million in IPO
Dubai school operator plans to expand its network. -
Empower to sell 10% stake, list on DFM
Empower will make 1 bn shares, each valued AED0.10, available in IPO. -
Bayanat AI IPO tranche oversubscribed
The offering saw significant demand and commitment from IHC. -
DEWA shares drop 2.8%
The decline came amid reports of economic slowdown. -
Saudi Top to list on Nomu
The company will list 880,000 ordinary shares via an IPO. -
Burjeel begins trading on ADX
Shares closed the debut session up 15 percent ($0.62). -
Burjeel IPO raises $300m
VPS Healthcare Holdings will continue to own a 70 per cent stake. -
Salik begins trading on DFM, after large investor interest
Dubai, UAE— Salik, Dubai toll operator, has listed on Dubai Financial Market under the name of "SALIK", after the offering was oversubscribed by 49 times. It is the third public offering and listing on the DFM in 2022 to date, as part of the accelerated steps to implement Dubai’s strategy... -
Defying turmoil, Porsche to go ‘full throttle’ with blockbuster IPO
Even as stocks worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car is pushing ahead with the blockbuster flotation. The initial public offering (IPO) has generated buzz in Porsche's home market of Germany, where top tabloid Bild described it as "crazy, cool, fast-paced". -
CMA clears three new IPOs for listings on Saudi bourses
The CMA has approved an application from Power and Water Utility Co. for Jubail and Yanbu to register and sell 73.09 million shares, or 29.24 percent of equity, on the Saudi Exchange. -
ADC sets price for IPO
Its share will be available in the price range of $24-$27. -
Porsche, luxury carmaker with storied history
The Porsche-Piech family are the main shareholders of the Volkswagen group, and have roots in Germany's auto industry stretching back decades. An Austrian-born engineer, Ferdinand Porsche was founder of the luxury car brand that bears his name. In addition, he created the Volkswagen Beetle and designed the iconic, open-top Mercedes-Benz... -
AlBabtain launches IPO
The company has set a price range of $18 to $21 per share. -
Salik IPO oversubscribed
The company raised $1.017 billion in IPO on the DFM. -
APICO to list on Nomu
The Arabian Plastic will offer 1m shares at $7.19 per share. -
Salik ups number of IPO shares
The subscription period for the IPO remains unchanged. -
Al-Ittefaq plans an IPO
The $2bn worth Saudi steel giant will list on Tadawul. -
Dubai looks to raise $817m from IPO of Salik Company
Dubai is looking to raise $817 million in the initial public offering of Salik. It is selling 1.5 billion shares at 2 dirhams ($0.54) apiece, giving the company an implied market capitalization of $4.1 billion. The IPO subscription will run until 20th September 2022 for the UAE retail offering. -
Dubai road-toll operator Salik’s IPO to sell 20% shares
According to its intention-to-float document, the company is selling 1.5 billion shares and the offer price will be confirmed on September 22. -
DEWA ranks as 3rd most valuable utility brand in Middle East
Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and the third fastest growing brand in the UAE according to the annual report issued by 'Brand Finance'. -
APICO posts 29% profit increase
It will proceed with an IPO of 20 percent of its capital on Nomu. -
Conflicts, inflation keep GCC markets on their toes
Though GCC markets witnessed an IPOs rush in the first half of 2022 due to the rising investment interest, the future is not comforting for the rest of the year, says an expert. -
Arabian Plastic to list on Nomu
The company has won approval for an IPO of 1m shares. -
Tecom lists 12.5% shares on DFM
Price for the 625,000,000 shares ranges between AED2.46 and AED2.67 per share. -
Abu Dhabi bourse records highest trading value in Arab markets: AMF
Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at 292.64 percent while the Palestine Exchange topped the list in terms of trade volume increase, according to Arab Monetary Fund (AMF). The AMF noted in its monthly newsletter that covers... -
ADNOC’s Borouge IPO its largest ever, oversubscribed 42 times
ADNOC and its partner Borealis AG have announced the completion of bookbuild and public subscription for the IPO of Borouge, which is their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX). The offering of 3,005,769,158 ordinary shares (Offer Shares), equivalent to 10 percent of total issued share capital,...