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MENA startup investment surges in March 2023
Saudi startups were the biggest beneficiaries of LEAP24 tech conference, securing the lion's share of the total investment of S254 million.
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ADNOC Gas to pay $3.25bn in dividends
The company had paid an interim cash dividend of $1.62bn in Dec 2023. -
Reddit to make trading debut on NYSE
It comes amid a slowdown in the tech sector IPOs. -
ADX partners with Eureeca
The collaboration will bolster accessibility to ADX IPOs. -
Parkin record-breaking IPO raises $428m
The offer was oversubscribed 165 times for all tranches combined. -
Parkin to give more shares to retail investors in its IPO
Dubai, UAE - Parkin Company on Tuesday announced an increase in the number of shares offered in the UAE Retail Offer of its initial public offering (IPO) following an exceptional level of over-subscription and demand from retail investors. Following the approval of the Securities and Exchange Authority (SCA), the UAE... -
Potential investors value Telegram at $30bn, says co-founder Pavel Durov
MOSCOW, RUSSIA – The Telegram is valued by potential investors at more than US$30 billion, the co-founder of the social network Pavel Durov said. The US$30 billion valuation was made by global technology funds in particular, Durov said in an interview with The Financial Times. “Generally speaking, we see value... -
Parkin IPO price AED2-2.1
The price range implies a market capitalization of $1.63bn-$1.72bn. -
Presight net profit $155m
The net profit grew by 5.1 percent to $155 million. -
48 Middle East and North Africa IPOs raise $10.7bn in 2023: Report
Five listings, mainly in the energy and logistics sectors, contributed 58 percent towards the total IPO proceeds raised, said the EY MENA IPO Eye Q4 2023 report. During Q4 2023, 19 IPOs raised $4.9 billion in proceeds. ADES Holding Company raised the most funds. -
DFM net profit climbs 124 percent
Its board has proposed a cash dividend of US$76.24m. -
Avalon sets sights on Tadawul listing
The firm will offer 6 million shares in its Initial Public Offering. -
MBC IPO retail subscription begins
MBC Group runs a group of TV and radio channels. -
PureHealth offer price $0.89 per share
The IPO witnesses demand of over AED 265bn ($72.15bn). -
Dubai Taxi IPO raises US$315m
It received more than US$41 billion in investor orders. -
Abu Dhabi IPO Fund looks to launch three IPOs by end of 2024
Abu Dhabi, UAE--Abu Dhabi IPO Fund (ADIPOF) is working on three initial offerings in the technology, hospitality, restaurants, and financial sectors, expected toward the end of 2024. It was revealed by Bassel Al Khawaja, Advisory Head at Abu Dhabi IPO Fund (ADIPOF) on the sidelines of the 2nd day of... -
MBC Group IPO plea okayed
The conglomerate intends to sell 33.25 million shares. -
DTC sets IPO offer price range
Final offer price will be fixed through a book-building process -
Dubai Taxi to sell 624 million shares in IPO, plans to list on DFM
Dubai, UAE -- Dubai Taxi Company Monday announced its intention to proceed with an Initial Public Offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). In a statement on Monday, the company said that 624.750 million shares, each with a nominal value of... -
Investcorp to float IPO
The listing of shares on ADX is set for November 17. -
Phoenix set for IPO on ADX
It is the first crypto entity to be listed on a Middle East bourse. -
Birkenstock to list on NYSE
The German sandals maker has set its share price at $46. -
Porsche sales revenue up
The sports car maker posted gains one year after its IPO. -
Chinese high-end EV brand Zeekr to make Middle East debut
Dubai, UAE - Chinese luxury electric vehicle manufacturer Zeekr, a subsidiary of Geely, is set to make its debut in the Middle East next year, as part of its global expansion efforts leading up to a planned initial public offering (IPO) in the United States, Financial Times reported on Friday. ... -
Alibaba plans to list subsidiary in IPO
It did not give a timetable for the move or how much it hoped to raise. -
Investcorp portfolio firm listed
The firm, PT Multitrend Indo, was listed on the Indonesian stock exchange. -
Lumi IPO 11.5 times oversubscribed
The daylong retail offering saw 124,900 investors subscribe. -
Birkenstock to enter stock market
Birkenstock employs around 6,200 workers globally. -
ADES prices IPO $3.33-$3.60 per share
The book-building process starts Sunday and run through Sept. 14. -
Gulf Bank to up paid-up capital
It will be hiked by US$79.6m through a public offering. -
Egypt looks to raise US$5bn from offloading stake in state-owned companies
Cairo, Egypt--Egypt is looking to raise $5 billion from the offering of power plants and state-owned companies from October 2023 until the end of June 2024, according to a report on the Government IPO Program by the Cabinet's Information and Decision Support Center (IDSC). The report showed that Egypt plans... -
PIF-backed oil driller ADES International Holding announces IPO
Riyadh, Saudi Arabia -- ADES International Holding, an oil and gas driller backed by Saudi Arabia’s sovereign wealth fund, PIF, has announced its intention to go public and list its shares on Saudi stock exchange (Tadawul), with the planned Initial Public Offering expected to reportedly fetch more than $1 billion.... -
Vietnam’s VNG files for US IPO
VNG operates music streaming, mobile payment and online games. -
Borouge Q2 net profit $231m
The company posted first-half revenues of $2.8 billion. -
Jamjoom Tadawul debut on Jun 20
Jamjoon Pharma IPO was launched on May 25 at SAR 60 per share. -
UAE’s ADNOC Logistics surges 50 percent in share float
Shares in UAE state oil company ADNOC's logistics unit soared 50 percent as they hit the market in a $769 million initial public offering on Thursday. The listing comes just weeks after ADNOC floated its gas unit in a $2.5 billion IPO in March. -
ADNOC L&S Q1 net profit $144m
The net profit increased by 79 percent over Q1 2022. -
First Mills IPO price SAR60 per share
This implies a market capitalization of $888 million. -
Meeza to offer 50% shares in IPO
The company will follow it up with a listing on QSE. -
ADNOC L&S IPO: Offer price AED2.01 per share, raises $769m
Abu Dhabi, UAE -- Abu Dhabi National Oil Company (ADNOC) on Wednesday announced that the final offer price for the Initial Public Offering of its ADNOC Logistics & Services has been fixed at AED2.01 per ordinary share price. This implies a market capitalization of AED 14.9 billion ($4.05 billion) of... -
NDMC to invest $60m in ADNOC (L&S) IPO
The decision came a day after ADNOC raised the size of the offering. -
ADNOC increases size of logistics unit’s IPO by 4% on high demand
Abu Dhabi, UAE --Abu Dhabi National Oil Company (ADNOC) Monday said it has increased by the number of shares offered in the initial public offering (IPO) of ADNOC Logistics and Services by 4 percent on high investor demand across all tranches. ADNOC will now offer 1.40 billion ordinary shares, equivalent... -
ADNOC Gas records earnings’ rise
ADNOC sold 5% stake in ADNOC Gas to investors through an IPO. -
Alibaba to split into six groups
Each will be managed by its own CEO and board of directors. -
G42 is leading listings of tech companies on ADX: Presight chairman
Abu Dhabi, UAE - Mansour Ibrahim Al Mansouri, Mansour Ibrahim Al Mansouri, Chairman of the Board of Directors of Presight, stated on Monday that Presight's IPO is the second initial public offering from G42's portfolio, after the listing of Bayanat last October, which became the first tech company to be... -
Presight begins trading on ADX
Its IPO had been oversubscribed by 136 times. -
Al Ansari Financial Services completes IPO, raising $195 million
Dubai, UAE - Al Ansari Financial Services on Monday announced it has set the final offer price for its IPO at AED1.03 per share ($0.26), at the top of the previously announced price range. The announcement follows the completion of the book building and subscription process for its IPO on... -
UAE’s Al Ansari raises size of IPO retail tranche to 7.5%
The UAE-based exchange house said the number of ordinary shares has been increased from 37.50 million to 56.25 million. But the total size of the IPO— 750 million shares, equivalent to 10 percent of the Group’s issued share capital—remains unchanged. -
UAE bodies sign MoU to establish general framework for IPOs
Dubai, UAE -- The Securities and Commodities Authority (SCA) and the Abu Dhabi IPO Fund (ADIPOF) have signed a Memorandum of Understanding (MoU) to establish a general framework for initial public offerings (IPOs). The MoU aims to increase the number of IPOs, support local financial markets, and promote the country's... -
Presight to list on 27 Mar
Presight IPO received $496 million. It was oversubscribed 136 times. -
Tadawul market cap vaults 477% to US$2.6trn over last 5 years: CMA
Riyadh, Saudi Arabia-- The market capitalization of Tadawul, the Saudi stock exchange, has shot up 477 percent to $2.6 trillion during the last five years. According to Yazid Al-Dumaiji, the Capital Market Authority’s (CMA) Undersecretary for Strategic and International Affairs, the exchange takes the ninth place among the world’s stock...