#IPO
The offering drew Dhs186bn in orders from professional investors within the UAE and the region
The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing
The healthcare firm is offering about 1.11 billion shares, equivalent to 10 per cent of the total issued share capital
Based on the final offer price, the company’s market capitalisation upon listing is expected to be approximately Dhs4.6bn
The market regulator invited participants in the capital market as well as relevant and interested persons to participate in a 30-day public consultation
On Tuesday, November 21, the kingdom’s Capital Market Authority approved the company’s application for registering 10 per cent of its share capital
The taxi fleet and operating company has revealed the initial target pricing for its share offers, in what is one of the most anticipated IPOs of the year
Subject to obtaining regulatory approvals and other relevant considerations it is expected that trading on ADX will commence in December
The country’s financial markets possess significant potential and flexibility, combined with its continuous commitment to innovation and development
Sheikh Hamdan issued Executive Council Resolution No (92) of 2023 forming the Board of Directors of Dubai Taxi Company
The vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange
The subscription will be open from November 2 to November 9
Founded in 2017, the company is set to be the first privately owned crypto and blockchain entity to be listed on a Middle East stock market
Birkenstock is the fourth major company to launch a US IPO in the last four weeks
The proposed dividend payout is in line with the company’s previously announced dividend policy of distributing Dhs600m
The school operator added 28,490 new students for the 2022/23 academic year, a 35.9 per cent year-on-year increase in enrolments
The offering marks EFG Hermes’ fifth IPO this year and is the latest in a series of transactions the investment bank has advised on in the GCC region
The logistics firm set the price range at SAR98 and SAR106 per share, implying a market capitalisation on listing of as much as SAR8.5bn
ADES set the final offer price for the offering at SAR13.50 per share, implying a market capitalisation of SAR15.2bn at listing
The institutional investor tranche represents 40 per cent of the offering while the retail portion accounts for 30 per cent
The shareholders are offering 24 million shares in the cargo firm, equivalent to 30 per cent of the paid-up capital post-listing
The company is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares
The selling shareholders reserve the right to amend the size of the offering at any time before the end of the subscription period
The company expects its full-year sales volume to be in line with 2022 even as prices have declined over the last 12 months
The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase
The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year
Saudi Arabia dominated the region in terms of the number of listings, with four listings on the Tadawul’s main market raising $0.8bn
The government reportedly plans to sell shares in the taxi business as soon as this year, while the parking unit’s listing is slated to follow next year
The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn
After a strong performance last year, the GCC region is set to see more activity in its capital markets in the medium term