#IPO

Oman

Oman oil-drilling IPO draws Saudi wealth fund as anchor investor

Anchor investors will subscribe for 40 per cent of the shares at the maximum price

DEWA

Dubai’s DEWA reports 22% rise in consolidated net profit for 2022

DEWA’s annual consolidated revenue increased 15 per cent to Dhs27.35bn in 2022

CEO of TAM, abdullah-yusuf.png

Saudi management consultancy TAM receives CMA approval for IPO

The consultancy will list shares on Tadawul’s Nomu-Parallel Market

Mubadala kkr tie-up

Davos 2023: Mubadala says Emirates Global Aluminium IPO may happen this year

A listing of the company this year would follow a boom for IPOs in the region that started in 2022 and fetched almost $23bn

Olam Group plans to list agribusiness unit in Saudi Arabia

Olam Group plans to list agribusiness unit in Saudi Arabia

The proposed initial public offering of Olam Agri in Saudi Arabia would be the first listing of a global company in the country

Saudi Aramco refiner drops in debut after $1.3bn IPO

Saudi Aramco refiner drops in debut after $1.3bn IPO

Luberef, as the refiner is known, dropped as much as 6.6 per cent in Riyadh to SAR92.5  ($24.61), valuing the company at SAR15.9bn

Jadwa divests stake in Luberef

Saudi Arabia’s Jadwa Investment divests stake in Luberef through IPO on Tadawul

The Luberef IPO marks the firm’s eighth private equity exit, and at SAR5bn the offering brings Jadwa’s aggregate private equity distributions to clients to SAR11bn

Americana, Luberef IPO managers set to share $74m in fees

Americana and Luberef IPOs take the proceeds of Gulf listings this year to over $20bn

Saudi

Saudi Aramco refiner Luberef’s IPO to raise up to $1.32bn

Luberef becomes the latest billion-dollar plus IPO in the Gulf

Saudi Aramco

Aramco unit hires HSBC, Citigroup for Riyadh share sale

The company is planning to sell 50 million shares, or a nearly 30 per cent stake

Saudi Aramco announces record Q2 and H1 2022 results

Saudi Aramco Base Oil gets approval for Riyadh share offering

Saudi Aramco is aiming to sell 50 million shares – a 29.7 per cent stake – in the company

Mideast KFC operator Americana raises $1.8bn from IPO

Mideast KFC operator Americana raises $1.8bn from IPO

Americana will be the first company to have its shares traded in both Riyadh and Abu Dhabi

americana courtesy WAM

KFC operator Americana doubles UAE retail offer for IPO

The subscription periods remain unchanged and will continue until November 21, for individuals and other investors in the UAE and Saudi Arabia

Taaleem

Dubai school operator Taaleem’s IPO draws $3.7bn in orders

Taaleem’s shares are due to start trading on November 29

Liv. offers region's first in-app IPO subscription service

Digital bank Liv. offers region’s first in-app IPO subscription service

The initiative aims to support investor participation for upcoming listings

Empower

Empower rises in Dubai trading debut after $724m IPO

Empower is Dubai’s fourth privatisation in recent months

KFC

Gulf KFC operator seeks up to $1.8bn from Saudi, UAE IPO

The final offer price is expected to be announced on November 23 and trading on both exchanges will start December 6

Salik Q3 2022 earnings

Dubai’s Salik reports net profit of Dhs242m for Q3 2022

Salik’s Q3 revenue increased 9.1 per cent YoY to Dhs445m, with travel activity fast approaching pre-Covid levels

Taaleem IPO

UAE’s Taaleem sets offer price range, looks to raise $204m from IPO

The subscription period starts today, with trading of shares expected to commence on November 29

empower Dubai

Empower IPO raises over Dhs2.6bn

Upon listing, Empower will become the world’s largest district cooling services provider on a stock exchange

Empower

Dubai’s Empower increases IPO stake size from 10% to 15%

The company’s market capitalisation at listing is expected to be between $3.56bn and $3.62bn

Empower reports robust growth of 41.3%

Dubai seeks to raise $362m from district cooling firm IPO

Empower will start taking investor orders for the IPO from Monday, with final pricing scheduled for November 9

Saudi Stock Exchange CEO Sees Strong IPO Pipeline in Busy Year

Saudi stock exchange CEO sees strong IPO pipeline in busy year

The Middle East is having a banner year for IPOs on the back of high oil prices, investor inflows and strong demand for share sales

JPMorgan set to hire 20 more bankers in Saudi Arabia expansion

JPMorgan set to hire 20 more bankers in Saudi Arabia expansion

The US bank will have doubled the size of its Saudi operations by the end of the year, compared to 2016

Dubai district cooling firm Empower to sell 10% stake in IPO

The firm has said it expects the minimum dividend to remain at $231m annually for two years after the IPO

Healthcare provider Burjeel soars in debut of scaled-down IPO

Burjeel Holdings rose 20 per cent to almost Dhs2.4 in Abu Dhabi

Saudi utility Marafiq seeks to raise $897m in share sale

Book-building for Marafiq’s IPO opens on Sunday and lasts until October 14, followed by a retail offering from October 26-29

Burjeel Holding

Burjeel Holdings opens subscription period for IPO in UAE, announces price range

The opening of the subscription period for the offering commences on September 30 and will continue until October 4

Oman oil driller Abraj Energy hires banks for $500m IPO

Oman oil driller Abraj Energy hires banks for $500m IPO

Abraj Energy was created in 2006 and owns about 20 land rigs

Salik

Dubai’s Salik soars in trading debut after huge IPO order book

The Middle East has been one of the most active IPO markets in 2022