#IPO
The first tranche subscription period is expected to run from May 28 to June 4, with the second tranche subscription period expected to end on June 5
Saudi Manpower Solutions Company (SMASCO) has determined the final offer price at SAR 7.5 per share for its IPO
dnata’s chief executive Steve Allen says “there is significant scope for consolidation in airport ground handling globally”
The holding firm has hired National Investments Company and EFG-Hermes UAE as joint bookrunners and global coordinators on the deal
The pricing of SAR57.5 per share implies a market valuation of around SAR13.3bn at listing
The company’s gross profit surged by more than 15 per cent YoY to reach Dhs336m in Q1 2024
The airline carried 4.2 million passengers in the January-March period, while passenger revenue came in at Dhs966m
The company’s shares started trading at Dhs1.70, against its IPO price of Dhs1.53, the top end of the price range
Sheikh Ahmed provided an insight into the decision-making process surrounding the question of an Emirates IPO
The fintech firm is offering 5.3 million new shares and 17.4 million existing shares to investors – equivalent to 30 per cent of the company’s paid-up capital
The hospital group is offering 49.8 million shares, equivalent to 21.47 per cent of the company’s total issued share capital
The new platform is a regulated alternative to conventional financing routes and helps private companies access capital markets
The company priced its IPO at the top of the previously announced range, selling its shares at Dhs1.53 per share to raise $375m (Dhs1.38bn)
The supermarket chain aims to raise up to Dhs1.38bn($375m) from its IPO
The healthcare group plans to offer 30 million new shares and 19.8 million existing shares to investors – equivalent to 21.47 per cent of the company’s paid-up capital
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