Upon listing, Alpha Data’s market capitalisation stood at approximately Dhs1.5bn, reinforcing its strong position in the UAE’s technology sector
Derayah’s listing aligns with Saudi Arabia’s broader efforts to deepen its capital markets as part of the Financial Sector Development Program under Vision 2030
The completion of the offering and the listing of Alpha Data shares on ADX is subject to market conditions and obtaining all necessary regulatory approvals
This pricing reflects an implied market capitalisation of SAR1.5bn (approximately $400m) at listing
The MENA markets saw 25 IPOs during Q4 2024, raising $7.9bn in proceeds, the report shared
The Saudi Exchange granted conditional approval on December 8, 2024, for the listing of Umm Al Qura’s shares on Tadawul’s Main Market
State-owned energy companies include electric transmission company TEIAS, electricity producer EUAS, gas grid operator BOTAS and oil and gas developer TPAO
The price range for the shares remains unchanged at between Dhs1.94 and Dhs2.04 per share
The catering firm is offering 9 billion shares, representing 40 per cent of the company’s total issued share capital
The IPO attracted six cornerstone investors, including Al-Hosn Investment Company, Bank Dhofar and Tanmia, which agreed to subscribe for shares worth as much as OMR156m
The airline had planned to go public this year, but it decided to wait until 2024 to showcase its strong financial performance
The construction and dredging services firm offered 1.15 billion shares in NMDC Energy, and the offering was 31.3 times oversubscribed
The subscription period is expected to commence this month, with the listing anticipated in October
The company has a robust presence in the Saudi flour market, and it is known for its premium FOOM brand, which holds the largest market share
The IPO remains subject to market conditions and regulatory approval from the Securities and Commodities Authority
The perfume retailer is offering 7,500,000 shares to investors—equivalent to 30 per cent of the company’s paid-up capital
SEDCO Capital’s new fund is expected to attract both local and international investors, offering them a vehicle to tap into the growing Saudi market
Eight out of the 14 MENA IPOs in Q2 2024 delivered positive returns by the end of June, with Miahona Company achieving the highest gain of 90.4 per cent