#IPO

JPMorgan, FAB poised to win roles on IPO of ADNOC drilling unit

ADNOC is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to $10bn

Schlumberger-backed Arabian Drilling planning Saudi IPO

Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year

Tristar pulls Dubai IPO as investors push back on valuation

Tristar’s IPO was slated to be the second listing in three years on the Dubai Financial Market

Mubadala says it’s close to IPO of Emirates Global Aluminium

The company had planned an IPO in 2018 or 2019 but it was pulled after then-US President Donald Trump imposed tariffs on aluminum imports from the UAE

Mubadala discusses GlobalFoundries IPO at $20bn value

Technology companies have already raised $20bn in US IPOs this year

Saudi bourse restructures itself with eye on IPO in second half

The newly created Saudi Tadawul Group will have four subsidiaries

Logistics firm Tristar sets price range for second Dubai IPO in three years

The company plans to offer up to 24 per cent of its shares in the IPO

Dubai eyes its second IPO in three years with Tristar listing

The company plans to offer up to 24 per cent of its shares in the IPO

Citigroup names key banker on Aramco IPO as Saudi CEO

Wassim Al Khatib will lead Citigroup’s investment banking and markets business in Saudi Arabia

Abu Dhabi’s Mubadala mulling IPO of Yahsat, says CEO-designate

Yahsat provides integrated satellite communications solutions to over 150 countries

Saudi chemical giant SABIC sees vaccinations boosting income

SABIC earned net income of SAR40m in 2020, down sharply from SAR5.2bn in 2019

SABIC to shortlist Citi, Morgan Stanley for specialty chemicals IPO

SABIC hasn’t decided on a venue for the sale

UAE-based Trukker seeks new funding, weighs IPO

Trukker raised $23m last year in one of the largest Series A funding rounds in the region

sabic

SABIC is said to weigh IPO of specialty chemicals business

SABIC reported its biggest quarterly loss in at least a decade in the three months through June

UAE to allow 100% foreign business ownership: Key points to note

The new decision is hoped to enhance the UAE’s attractiveness for investment and business growth

Oman

Oman planning its biggest property trust IPO

Oman REIT Fund is planning an initial public offering that could raise about $100m

Nasdaq Dubai Growth Market

Dubai launches new stock market for SMEs

The Nasdaq Dubai Growth Market will be operational by early 2021

Saudi tycoons expand fortune as grocery chain soars after IPO

Members of the family own a 67 per cent stake worth about $2.2bn in BinDawood Holding Co

Saudi BinDawood delays listing to disclose related-party deals

With the offering already more than 50 times oversubscribed, the delay is not currently expected to significantly affect the final pricing

Saudi Telecom said to weigh IPO for internet-services unit

Saudi Telecom is considering selling as much as 30 per cent of the unit

Oil giant Aramco regains top spot from Apple as tech rally fades

Apple and Aramco are the only two companies to have achieved valuations of $2 trillion

BinDawood said to seek as much as $580m from Saudi IPO

BinDawood plans to sell 22.86 million shares through a book-building process

Saudi car rental firm Theeb hires Fransi Capital for IPO

The IPO could happen next year, depending on how quickly the company recovers from the impact of the coronavirus outbreak

Saudi Arabia’s Al Othaim family said to plan IPO for malls unit

The sale may happen in the first half of 2021

Amlak International announces intent to list on Saudi bourse

The offering will comprise of 27,180,000 ordinary shares

Four MENA IPO deals raise $814.2m in Q1 2020

Globally, 235 IPOs raised $28.5bn in Q1 2020, compared to $15.1bn in Q1 2019

Saudi Aramco is first oil major to regain pre-price-war share price

Aramco’s recovery has been achieved on much smaller share volumes than its international counterparts

Aramco keeps $75bn dividend promise even with oil’s plunge

The kingdom needs an oil price of $84 to balance this year’s budget

World’s biggest IPO just got bigger: Saudi Aramco IPO at $29.4bn

Goldman Sachs Group, one of the underwriters of the deal, exercised the over-allotment option and increased the offering

Dubai’s Al Habtoor To Raise $1.6bn In IPO

The family-owned business plans to issue new shares as it prepares to float on the stock market.