#IPO

Lulu Mall in Fujairah

Lulu to raise $2.7bn ahead of possible IPO

The Abu Dhabi-based hypermarket chain is realigning its capital structure before a possible listing in 2024 after delaying those plans this year

Middle East IPOs raise $1.8bn Q2 2023

MENA stock markets maintain IPO momentum, raises $1.8bn in Q2 2023

Saudi Arabia dominated the region in terms of the number of listings, with four listings on the Tadawul’s main market raising $0.8bn

RTA picks banks for taxi and parking IPOs-image-RTA-twitter

Dubai’s RTA selects banks for taxi and parking IPOs

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

DFM’s H1 2023 profit jumps 77% to Dhs112.2m

Dubai Financial Market reports Dhs112.2m half-year profit, up 77%

The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn

GCC stock markets are hitting record highs

GCC stock markets are hitting record highs. Here’s why

After a strong performance last year, the GCC region is set to see more activity in its capital markets in the medium term

Taaleem Holdings posts $54.5m in 9M 2023 net profit

Dubai’s Taaleem posts $54.5m profit since IPO

The school operator added 28,563 students for the 2022/23 academic year, a 36.2 per cent YoY increase in enrolments

Wio Bank, ADX partner to enable instant, digital IPO subscriptions

Wio Bank, ADX partner to enable instant, digital IPO subscriptions

The bank allows its customers to digitally create an investor number on the Abu Dhabi bourse and apply for IPO subscriptions

ADNOC L&S secures contract for artificial island

ADNOC L&S secures $975m contract to build offshore artificial island

The contract covers dredging, land reclamation and marine construction of an artificial island for the Lower Zakum offshore field

National Bonds raises stake in Taaleem oup CEO image National Bonds

National Bonds increases stake in Taaleem to 22%

Taaleem operates 26 schools with 27,000 students, supported by more than 1,700 faculty members and 3,000 administrative staff in the UAE

https://gulfbusiness.com/wp-content/uploads/2023/03/ADNOC-Gas-IPO.jpg

ADNOC L&S soars over 50% above listing price on ADX

ADNOC L&S expects to increase the annual dividend per share by at least 5 per cent per annum

Olam Group postpones IPO of Olam Agri

Olam Group delays listing agri unit on Saudi Exchange

The company will continue to pursue the IPO of Olam Agri at the next practical window without providing any approximate time frame

First Mills IPO on Saudi Exchange

Saudi First Mills’ $266.4m IPO attracts bids worth $18bn

The milling company said big investors placed orders worth SAR68.8bn, almost 69 times more than was available to them

Dubai exchange launches futures contracts

Dubai bourse launches futures contracts on general index

The futures contracts will help investors effectively hedge against market volatility and make profitable trades

Qatar sets up a $275m market-maker fund

Qatar allots $275m to a new market-making programme

The initiative will help enhance liquidity in the market, improve price discovery and diversify the capital markets

ADNOC L&S IPO

ADNOC raises size of its logistics unit IPO on heavy demand

The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process

Tam Development founder and CEO

Saudi’s TAM Development opens IPO subscription on Nomu-Parallel Market

The price range has been set between SAR100 and SAR130 per share, with 85,600 shares on offer representing 16 per cent of company’s share capital 

ADNOC L&S IPO

ADNOC L&S sets IPO price range, seeks to raise $607m

The company expects the final offer price to be announced on May 26, after the book-building process

Morabaha Financing will list on Saudi Exchange

Saudi Arabia’s Morabaha Financing set to raise $83.4m in IPO

The company plans to use the net proceeds from the share sale to strengthen its capital base to support future growth

ADNOC Logistics shares will begin trading June 1

ADNOC to sell 15% stake in logistics unit in Abu Dhabi IPO

The share sale comes just a few months after state-owned ADNOC raised $2.5bn in the listing of its gas business

Saudi Pharma Jamjoom to list 30%

Saudi Arabia’s Jamjoom Pharma to sell 30% stake in IPO

The company secured approval from the Saudi Capital Market Authority to offer 21,000,000 shares, representing 30 per cent of its issued share capital

Digital healthcare is booming following COVID-19

The future of digital healthcare

Are deals and valuations resilient for the healthtech sector in 2023?

Empower plant

Shareholders of Dubai’s Empower approve $116m dividend

The company’s full-year net profit jumped by 7 per cent year-on-year to Dhs1bn in 2022 while its revenues reached Dhs2.8bn

Dubizzle owner mulls UAE IPO

Dubai-based owner of Dubizzle mulls UAE IPO

Emerging Markets Property Group is set to hire Rothschild & Co. for the potential IPO in Dubai or Abu Dhabi

DFM and Dubai Chamber

DFM, Dubai Chamber of Commerce partner to boost IPOs

The two entities have partnered with advisory firms that are a key part of the city’s financial and business ecosystem

ADNOC GAS processing tanks

ADNOC Gas’ annual pro forma net profit surges by 37%

The company’s unaudited combined pro forma results follow its record IPO earlier in March

Presight AI debuts on ADX

Presight AI surges 176% in Abu Dhabi debut after $496m IPO

The data analytics firm’s shares shot up as much as 176 per cent to Dhs3.70 compared to the IPO price of Dhs1.34 apiece

Mohamed Ali Al Ansari - Group Chairman of Al Ansari Financial Services

Al Ansari Exchange raises Dhs773m in IPO, attracts bids worth Dhs12.7bn

The company sold 750 million shares and set the final share price at Dhs1.03, implying a market capitalisation of Dhs7.73bn at listing

Presight AI IPO oversubcribed

Presight AI’s $496m IPO attracts $25.8bn in orders

The IPO is Abu Dhabi Securities Exchange’s second listing this year and it was oversubscribed by 136 times

ADNOC Gas IPO debuts on ADX

Abu Dhabi’s ADNOC Gas surges on ADX trading debut

The IPO is the largest ever in Abu Dhabi and the largest globally, year to date, as the emirate is expecting eight more listings

Presight AI _Cover Image_IPO

Presight AI announces start of subscription for IPO

The listing is the latest in a series of IPOs in the Gulf region as governments seek to bring more international investors into their markets