#IPO

Citi, HSBC set to share up to $97m in fees from DEWA IPO

DEWA said in a statement that the selling commissions would amount to Dhs213.7m

EFG Hermes completes advisory on $6.1 bn DEWA IPO

EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX

Dubai utility surges after pulling off year’s second-biggest IPO

The IPO valued DEWA at $33.8bn

Dubai’s DEWA increases stake size from 6.5% to 17% in IPO

DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022

Alpha Dhabi invests Dhs367m in DEWA’s IPO

The investment has been made through its subsidiary Alpha Dhabi Partners Holding

UAE’s DEWA IPO subscription period opens today

The price range is set between Dhs2.25 and Dhs2.48 per share, implying a market capitalisation of between Dhs112.5bn and Dhs124bn

KFC Operator

Middle East KFC operator starts early talks over listing

Discussions are ongoing, but no advisers have been hired

Saudi Arabia’s first movie chain plans landmark IPO

Muvi Cinemas is Saudi Arabia’s first homegrown cinema brand

ADNOC, Borealis hiring banks for IPO of plastics joint venture

Borouge manufactures plastics used in everything from automobiles and food packaging to medicine vials and piping systems

Saudi Aramco

Saudi Arabia transfers 4% of Aramco stake to state wealth fund

The government will still be the largest shareholder in Aramco

Salik

Moelis wins another top Dubai IPO role with Salik mandate

The toll system could add additional banks before the listing

Saudi food delivery company Jahez prices IPO at top of range

The company plans to sell just over two million shares to raise about SAR1.8bn.

Reddit says it filed confidentially for US IPO

The number of shares and proposed price range for an IPO haven’t been determined

Dubai plans to list district cooling firm Empower in IPO push

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

Saudi stock exchange sets IPO offer price at top end of range

Tadawul set the price at SAR105 per share after an institutional book-building process

Dubai tech firm StarLink unveils listing plan

StarLink provides cybersecurity and cloud services across the Middle East, Africa and Turkey

Dubai’s utility asks banks to pitch for multi-billion dollar IPO

DEWA reported net income of $1.3bn for 2019

Shailesh Dash

Charting the growth of SPACs

Are special purpose acquisitions companies becoming a serious alternate funding avenue for private companies?

Saudi stock exchange set for December trading debut, CEO says

The offering could value the bourse at between $3bn and $4bn

Dubai to encourage IPOs from private firms to revive market

The city merged its economic and tourism departments on Saturday

Dubai announces plans to list utility DEWA in the ‘coming months’

The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years

Billionaire Olayan family considers reviving plans for Saudi IPO

Established in 1969, Olayan Financing controls the billionaire family’s investments in the Middle East

GlobalFoundries, Mubadala raise $2.6bn in top-of-range IPO

The listing is the third biggest on a US exchange this year

Fertiglobe surges 20% in Abu Dhabi debut after $795m IPO

The company reported revenue of $1.55bn in 2020 and $1.26bn for the first six months of 2021

Abu Dhabi fertilizer firm Fertiglobe raises $800m in IPO backed by Singapore

The company will be valued at $5.8bn and the stock will start trading in Abu Dhabi on October 27

Fertiglobe set to price Abu Dhabi IPO at top end of price range

ADNOC and OCI are offering 13.8 per cent of Fertiglobe in the IPO

Biggest Saudi IPO since Aramco jumps 30% on trading debut

ACWA Power is now valued at $14.2bn, making it one of the biggest listed companies in Riyadh

Masdar and Germany’s Uniper to build green hydrogen plant in UAE

Biggest Saudi IPO since Aramco set for Riyadh trading debut

Initial demand amounted to several billion dollars

Saudi exchange Tadawul is said close to IPO at $4bn value

An IPO of Tadawul has been on the cards since at least 2016

ADNOC Drilling lists IPO on Abu Dhabi Securities Exchange

The IPO will be the largest-ever listing on the bourse