The company is set to name Ziad Al-Murshed as chief financial officer, replacing Khalid al-Dabbagh
The satellite operator plans to list a stake of as much as 40 per cent next month
The IPO could add to a string of listings in Saudi Arabia
Jahez has also been expanding in other areas such as last-mile logistics and cloud kitchens
ADNOC is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to $10bn
Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year
Tristar’s IPO was slated to be the second listing in three years on the Dubai Financial Market
The company had planned an IPO in 2018 or 2019 but it was pulled after then-US President Donald Trump imposed tariffs on aluminum imports from the UAE
Technology companies have already raised $20bn in US IPOs this year
The newly created Saudi Tadawul Group will have four subsidiaries
The company plans to offer up to 24 per cent of its shares in the IPO
Wassim Al Khatib will lead Citigroup’s investment banking and markets business in Saudi Arabia
Yahsat provides integrated satellite communications solutions to over 150 countries
SABIC earned net income of SAR40m in 2020, down sharply from SAR5.2bn in 2019
SABIC hasn’t decided on a venue for the sale
Trukker raised $23m last year in one of the largest Series A funding rounds in the region
SABIC reported its biggest quarterly loss in at least a decade in the three months through June
The new decision is hoped to enhance the UAE’s attractiveness for investment and business growth
Oman REIT Fund is planning an initial public offering that could raise about $100m
The Nasdaq Dubai Growth Market will be operational by early 2021
Members of the family own a 67 per cent stake worth about $2.2bn in BinDawood Holding Co
With the offering already more than 50 times oversubscribed, the delay is not currently expected to significantly affect the final pricing
Saudi Telecom is considering selling as much as 30 per cent of the unit
Apple and Aramco are the only two companies to have achieved valuations of $2 trillion
BinDawood plans to sell 22.86 million shares through a book-building process
The IPO could happen next year, depending on how quickly the company recovers from the impact of the coronavirus outbreak
The sale may happen in the first half of 2021
The offering will comprise of 27,180,000 ordinary shares
Globally, 235 IPOs raised $28.5bn in Q1 2020, compared to $15.1bn in Q1 2019