The government will still be the largest shareholder in Aramco
The toll system could add additional banks before the listing
The company plans to sell just over two million shares to raise about SAR1.8bn.
The number of shares and proposed price range for an IPO haven’t been determined
The government said last month it wants to sell shares in 10 companies, and it has been encouraging private and family-owned businesses to follow suit
Tadawul set the price at SAR105 per share after an institutional book-building process
StarLink provides cybersecurity and cloud services across the Middle East, Africa and Turkey
DEWA reported net income of $1.3bn for 2019
Are special purpose acquisitions companies becoming a serious alternate funding avenue for private companies?
The offering could value the bourse at between $3bn and $4bn
The city merged its economic and tourism departments on Saturday
The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years
Established in 1969, Olayan Financing controls the billionaire family’s investments in the Middle East
The listing is the third biggest on a US exchange this year
The company reported revenue of $1.55bn in 2020 and $1.26bn for the first six months of 2021
The company will be valued at $5.8bn and the stock will start trading in Abu Dhabi on October 27
ADNOC and OCI are offering 13.8 per cent of Fertiglobe in the IPO
ACWA Power is now valued at $14.2bn, making it one of the biggest listed companies in Riyadh
Initial demand amounted to several billion dollars
An IPO of Tadawul has been on the cards since at least 2016
The IPO will be the largest-ever listing on the bourse
Total gross demand for the IPO amounted to over $34bn
The offer price of Dhs2.30 per share remains unchanged
Riyadh has been the hottest market for IPOs in the Middle East over the past two years
The $1.2bn IPO by ACWA Power International had initial demand amounting to several billion dollars
ADNOC Drilling is expected to list on the ADX on or around October 3, 2021
ADNOC Drilling is the largest national drilling company in the Middle East by rig fleet size
EGA is the Middle East’s biggest aluminium producer and is equally owned by Mubadala and Investment Corporation of Dubai
Mubadala sold 975.9 million Yahsat shares, representing a 40 per cent stake, for Dhs2.75 each
The IPO gives Yahsat a market value of about Dhs6.7bn