#IPO
The indicative share price of Dhs1.94 and Dhs2.04 per share implies a market valuation of around $5.74bn (Dhs21.07bn)
The entire amount raised will be distributed to United Electronics Company (eXtra), the selling shareholder
Lulu plans to offer more than 2.582 billion shares in the IPO, which will run from October 28 to November 5, according to its intention to float document
The offering was priced at the top of its indicative range of 370-390 baizas per share and was oversubscribed by around 2.7 times, including anchor investors
The indicative share price of Dhs0.91 and Dhs0.96 per share implies a market valuation of around $588m at the top of the range
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 Central Bank of Egypt is currently pursuing approval from the Financial Regulatory Authority and the Egyptian Stock Exchange
The indicative share price of SAR5 and SAR5.30 per share implies a market valuation of around SAR 2.8bn ($763.2m)
The milling firm said that the retail subscription period will run from September 18 to September 19
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
Al Majed for Oud is offering 7,500,000 shares to investors – equivalent to 30 per cent of the company’s paid-up capital – at a price range of SAR90 to SAR94
The milling is offering the shares in two tranches — to institutional investors and retail investors — between September 1-19
The perfume retailer is offering 7,500,000 shares to investors—equivalent to 30 per cent of the company’s paid-up capital
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
For the first half of 2024, Parkin reported a 10 per cent increase in total revenue, reaching Dhs421m
ADNOC Distribution CEO Bader Al Lamki reveals the strategic pillars and innovative measures driving the company’s robust growth
The total trading value on the DFM rose by 4 per cent, to Dhs48bn, in the first half of 2024
Etihad had an operating fleet size of 92 aircraft in H1 2024 compared to 76 in the same period the previous year
The company was part of a wider privatisation programme under Saudi Arabia’s Vision 2030 strategy aimed at diversifying the oil-dominated economy
The final offer price was set at SAR7.50 per share, at the top end of the price range, raising gross proceeds of approximately SAR900m
The shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital
The company owns one of Dubai’s biggest party hotels, where guests can park their supercars inside a nightclub for $2,723 (Dhs10,000)
Alef is offering the shares in two tranches, with the edtech firm expected to debut on the Abu Dhabi Securities Exchange on June 12
The company priced its IPO at the top of the range, selling its shares at 500 fils apiece to raise KWD45m
The energy firm expects to pay $31bn in dividends, despite reporting lower earnings for the first quarter
The food hall, covering 4,950 square feet, is located on the Lower Ground Floor in Dubai Mall
The company priced its IPO at the top of the previously announced range, selling its shares at SAR37 per share apiece to raise SAR841m