#IPO
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
The German firm initially planned to raise $1.52bn (Dhs5.6bn) by offering a 15 per cent stake in Talabat
Founded in 2017, Nice One has rapidly grown to become the largest online platform for beauty and personal care products in Saudi Arabia
The central bank is offering 330 million shares in United Bank at a maximum price of EGP15.6 apiece
State-owned energy companies include electric transmission company TEIAS, electricity producer EUAS, gas grid operator BOTAS and oil and gas developer TPAO
OQ is offering 1.69 billion shares, equivalent to 49 per cent of OQ Base Industries’ total issued share capital, at Bzs106 to Bzs111 per share
The indicative share price of Dhs1.50 and Dhs1.60 per share implies a market valuation of around Dhs37.3bn at the top of the range
The offer period runs from November 24 to December 8, and the trading debut on the Bahrain Bourse is scheduled for December 19
The national airline reported a profit after tax of $368m (Dhs1.4bn), up from $222m a year earlier
Delivery Hero is offering 3.5 billion shares in Talabat at a nominal value of Dhs0.04 apiece, representing 15 per cent of its total issued share capital
The hypermarket chain operator initially planned to sell a 25 per cent stake and raise as much as $1.43bn, but it increased the size of the IPO
The listing would allow investors to invest in Oman’s only production company of methanol, ammonia and LPG products
The price range for the shares remains unchanged at between Dhs1.94 and Dhs2.04 per share
The indicative price range was set between SAR120 and SAR132 per share, implying a market capitalisation of between SAR3bn and SAR3.3bn