Dubizzle operates property portal Bayut and dominates key classifieds segments in the region
The IPO, priced at Dhs1.40 per share, valued ALEC at Dhs7bn ($1.91bn) and attracted around Dhs30bn ($8.1bn) in orders, more than 21 times oversubscribed
Net proceeds will be used to settle the employee stock ownership plan, fund strategic mergers and acquisitions, and maintain strategic flexibility for growth
Shares are expected to begin trading on the Dubai Financial Market (DFM) on or around October 15 under the symbol “ALEC”
The entire IPO represents a secondary sale by Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai
Jio wants to achieve higher revenues and a bigger subscriber base for its telecom business
Earlier this month, on June 3, RSI appointed a special committee of three independent directors to advise shareholders regarding the proposed IPO
As global and regional dynamics continue to shift, the Gulf Business panel reaffirmed the UAE’s position as a strategic hub for investment innovation and long-term growth planning
SMC Healthcare’s CEO discusses the company’s growth strategy, digital innovations, and its alignment with the kingdom’s evolving healthcare landscape
The co-head of Investment Banking at EFG Hermes shares the outlook for IPOs and other key investment trends across the region
The final offer price was set at SAR 50 per share — the top of the previously announced price range — implying a market capitalisation of SAR2bn
The offer price range has been set between Dhs1.07 and Dhs1.10 per unit, implying a market capitalisation of between Dhs13.9bn and Dhs14.3bn
The airline is selling a 30 per cent stake to investors in the first IPO by a Gulf airline in almost 20 years
Investor appetite in the region remains strong across local, regional, and international participants
Google sweetened its original offer for $23bn in July to $32bn, making it one of the largest tech deals ever
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 airline, which started operations in 2003, is eyeing a public listing of some of its shares
Last week, Etihad Airways reported a net profit that more than tripled last year to $476m
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
Since its last funding round in October 2023, Tabby has nearly doubled its annualised transaction volume to over $10bn while maintaining profitability
The Saudi Exchange granted conditional approval on December 8, 2024, for the listing of Umm Al Qura’s shares on Tadawul’s Main Market
The brokerage is offering 49.94 million shares, representing 20 per cent of the company’s total issued share capital
Etihad is looking at a listing this quarter and the airline is said to be targeting both local and international investors
Asyad Shipping transports LNG, crude oil, and other products and counts BP, Shell and trading firm Trafigura among its customers and partners
The company’s shares opened at Dhs1.70, higher than the price at which Germany’s Delivery Hero sold 4.7 billion shares last month
The indicative share price of SAR123 and SAR127 per share implies a market valuation of around SAR5.6bn at the top of the range
The MENA region must recognise this potential and work diligently to create a more inclusive funding environment
The healthcare operator is offering 13.3 million shares to investors – equivalent to 30 per cent of the company’s paid-up capital