Miahona was established as one of the first proponents of the public-private partnership (PPP) model in the kingdom
The subscription period for UAE retail investors will run from April 23-29, and for professional investors until April 30
FIVE Hotel Group could be valued at $2.5-$3bn as per internal estimates
Gulf markets have been riding an IPO boom over the last two years on high oil prices and foreign institutional investor interest
Investment Corporation of Dubai is said to consider listing ALEC
LuLu’s potential IPO is poised to be among the most notable listings in the Gulf region this year
By the end of Thursday, Parkin’s share price soared to Dhs2.84, putting the company’s market capitalisation at Dhs8.5bn
The initiative is expected to tap into the growing interest from regional and global retail investors, and high net-worth individuals
The GCC region is set to see more equity capital markets activity in 2024 as more companies are considering public listings amid a global slowdown
The IPO will offer 120,000,000 shares, representing 30 per cent of SMASCO’s total issued share capital
Dubai Investment Fund sold 749,700,000 shares, equivalent to 24.99 per cent of Parkin’s paid-up capital
The emirate’s continued listing activity is being driven by the implementation of various initiatives such as the IPO accelerator programme
Following the theme of its conference, EFG Hermes highlights opportunities available in frontier emerging markets
Aramco’s shares were up about 1.7 per cent to SAR32.3 a share, slightly above their 2019 IPO price of SAR32
The sovereign fund may add more banks later and the final lineup of advisers may change as there is no final decision on the timing of the IPO
Etihad will publish a 2023 annual report by mid-April for the first time, including details of pandemic-related government support
The airline reported a 2023 net profit of Dhs525m and a previously unreported 2022 net profit of Dhs92m
The company will offer around 25 per cent stake, in the emirate’s first privatisation deal this year, giving it an overall valuation of up to Dhs6.3bn
The company said the delay was due to the regulatory framework still being finalised in Saudi Arabia to enable the listing of foreign companies
Parkin — spun out of the Dubai Roads and Transport Authority (RTA) late last year — is set to float 24.99 per cent of its shares
Dubai Financial Market applied no price limits on DTC shares during the first day of trading
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The company will offer six million shares, or 30 per cent of its issued share capital, on the Saudi Exchange
The patented formulas that will emerge from the collaboration will undergo a few months of formulation, tests and assessment process
The pharmaceutical firm said the final offer price will be determined following a January 14-18 book-building period
The offering drew Dhs186bn in orders from professional investors within the UAE and the region
The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing
The healthcare firm is offering about 1.11 billion shares, equivalent to 10 per cent of the total issued share capital
Based on the final offer price, the company’s market capitalisation upon listing is expected to be approximately Dhs4.6bn
The market regulator invited participants in the capital market as well as relevant and interested persons to participate in a 30-day public consultation