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 sold 5% stake in ADNOC Gas to investors through an IPO.

Each will be managed by its own CEO and board of directors.

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...

Its IPO had been oversubscribed by 136 times.

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...

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.

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 IPO received $496 million. It was oversubscribed 136 times.

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...

The G24 data analytics firm received $496 million in its offering.

Dubai, UAE -- Al Ansari Financial Services, a remittance and foreign exchange services provider in the UAE, will be offering 7.5 million shares (each valued AED0.01) in its IPO, which will be Dubai's first in 2023. The company said in a statement that the offering represents 10 percent of its...

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.

It will make an initial public offering before listing.

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 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.

The subscription period opens on February 23.

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, 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....

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 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.

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...

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.

It will be Qatar's first firm to use book building for IPO.

The record date for the dividend is 22 Dec. 2022.

Various IPOs raised nearly $4.8 billion in the GCC in the first five months of 2022 alone, which was higher than in Europe.

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,...

The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively.

Saudi retail tranche remains unchanged at 10 percent.

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...

It is Tencent's second consecutive quarterly decline in revenue.

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.

The company's revenue grew 17.8 percent year on year.

It attracted total orders of nearly $1.7 billion.

The company will list on ADX and Saudi Tadawul by Dec. 6.

The total offering size expected between $357m and $362m.

Dubai school operator plans to expand its network.

Empower will make 1 bn shares, each valued AED0.10, available in IPO.

The offering saw significant demand and commitment from IHC.

The decline came amid reports of economic slowdown.

The company will list 880,000 ordinary shares via an IPO.

Shares closed the debut session up 15 percent ($0.62).

VPS Healthcare Holdings will continue to own a 70 per cent stake.

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...

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".

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.

Its share will be available in the price range of $24-$27.

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...

The company has set a price range of $18 to $21 per share.

The company raised $1.017 billion in IPO on the DFM.