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
The share sale, targetted to value Porsche at as much as EUR85bn – roughly the same as its parent – could deliver some 10.6 billion euros in proceeds to VW
The move will direct funds to Europe’s biggest carmaker to foot the staggering cost of electrification and software development
A total of 1.5 billion shares with a nominal value of Dhs0.01 each will be made available in the offering
Once listed, Burjeel is considering a dividend payout ratio of 40 per cent to 70 per cent of net income from 2023 depending on its investment requirements at the time
The UAE-based money-exchange firm held initial talks with potential advisers about the Dubai listing that may happen in the first quarter of 2023
A total of 625,000,000 shares, equivalent to 12.5 per cent of Tecom Group’s issued share capital, were issued
Abdullah Al Othaim Investment Company decided to cancel the listing of a 30 per cent stake on the Saudi stock exchange
The global offering drew substantial demand from both the qualified institutional offer and UAE retail offer, with total gross demand reaching Dhs35.4bn
Carlyle is selling a 41.7 per cent stake in Alamar, or 10.6 million shares, to institutional and retail investors
The Executive Council of Dubai is authorised to determine the percentage of shares that can be offered for subscription either through an IPO or private placement
The final offer price is expected to be announced on June 27, 2022
The share sales are part of Oman Investment Authority’s plan to exit state assets in a bid to bolster the country’s coffers and expand its stock exchange
The company expects to pay a dividend amount of Dhs800m per annum over the next three years
The market value of shares owned by foreign investors in Q1 2022 jumped 163 per cent to total Dhs131bn
This is a significant milestone for EFG Hermes, as it’s the firm’s first IPO on Boursa Kuwait where it has acted as a joint bookrunner for the offering
The retail offering, which attracted higher retail demand than any UAE IPO in nearly 20 years, was 74 times oversubscribed
Borouge’s shares will start trading on June 3
Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group
The IPO subscription period has commenced today, May 23, and will close for retail investors on May 28, 2022
It intends to float 10 per cent of its petrochemicals joint venture that it entered into with Austria’s Borealis
The state-owned energy company and Austrian chemicals producer plan to sell a 10 per cent stake in their Borouge plastics unit by the end of the quarter
DEWA said in a statement that the selling commissions would amount to Dhs213.7m
EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX
The IPO valued DEWA at $33.8bn