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 and Luberef IPOs take the proceeds of Gulf listings this year to over $20bn
Luberef becomes the latest billion-dollar plus IPO in the Gulf
The company is planning to sell 50 million shares, or a nearly 30 per cent stake
Saudi Aramco is aiming to sell 50 million shares – a 29.7 per cent stake – in the company
Americana will be the first company to have its shares traded in both Riyadh and Abu Dhabi
The subscription periods remain unchanged and will continue until November 21, for individuals and other investors in the UAE and Saudi Arabia
Taaleem’s shares are due to start trading on November 29
The initiative aims to support investor participation for upcoming listings
Empower is Dubai’s fourth privatisation in recent months
The final offer price is expected to be announced on November 23 and trading on both exchanges will start December 6
Salik’s Q3 revenue increased 9.1 per cent YoY to Dhs445m, with travel activity fast approaching pre-Covid levels
The subscription period starts today, with trading of shares expected to commence on November 29
Upon listing, Empower will become the world’s largest district cooling services provider on a stock exchange
The company’s market capitalisation at listing is expected to be between $3.56bn and $3.62bn
Empower will start taking investor orders for the IPO from Monday, with final pricing scheduled for November 9
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
The US bank will have doubled the size of its Saudi operations by the end of the year, compared to 2016
The firm has said it expects the minimum dividend to remain at $231m annually for two years after the IPO
Burjeel Holdings rose 20 per cent to almost Dhs2.4 in Abu Dhabi
Book-building for Marafiq’s IPO opens on Sunday and lasts until October 14, followed by a retail offering from October 26-29
The opening of the subscription period for the offering commences on September 30 and will continue until October 4
Abraj Energy was created in 2006 and owns about 20 land rigs
The Middle East has been one of the most active IPO markets in 2022
Oman and Bahrain are the only countries in the GCC not classified as emerging markets by MSCI
The subscription period for institutional and retail investors will open on September 30 and close on October 4
Salik is expected to commence trading on the Dubai Financial Market on September 29
The German carmaker is selling a 12.5 per cent stake of Porsche’s total share capital
Deliberations about a potential listing are in the early stages and no final decisions have been made
The institutional offering will end on September 21, while the book for retail buyers will close the day before