Saudi hospital operator Almoosa Health received enough retail demand to almost cover its entire SAR 1.69 billion IPO
Initial public offering
Latest in Initial public offering
Capital Markets
Saudi Arabia’s IPO market maintains Gulf lead with over $2.6bn raised in 2024: Report
The Kingdom raised $2.6 billion from IPOs in the first 9 months of 2024, a new report finds
Human Resources
Saudi HR solutions firm Tamkeen sets $13.3 as final offer price for IPO
The total size of the company IPO stood at $105.7 million
Initial public offering
LuLu IPO: More retailers across MENA now eye IPO, up to $100bn in market cap on the way
Strong fundamentals such as stability, sustainability and scalability to drive the IPO surge among the region’s retail and grocery market players
Abu Dhabi
ADNH Catering to offer 40% of stake through IPO next week
Subsidiary of Abu Dhabi National Hotel Company, ADNH Catering has 28% share of addressable market in UAE and Saudi and serves 11 million meals monthly
Ades International Holding
Saudi Arabia’s PIF-backed oil, gas driller ADES announces $1bn IPO plan: Report
The Public Investment Fund (PIF), ADES Investments Holding Ltd, and Zamil Group Investment Ltd is set to sell shares in the listing
DFM
Dubai’s RTA eyes banks ahead of IPO: Report
This marks Dubai’s first privatisation move of the year
Capital Markets
Dubai Financial Market, Dubai World Trade Centre team up to hold MENA region’s first IPO-focused summit
The launch of the event series comes at an opportune time for Dubai and the wider region’s investment community following record IPO activity in 2022
Abu Dhabi Securities Exchange
Revealed: How Americana’s value rose by AED200m a month for six years
Analysis shows remarkable rise in food operator’s value since buyout in 2016
British curriculum
Taaleem IPO: Dubai school operator raises $204 million, oversubscribed 18 times
The offering saw demand particularly from investors in the UAE and internationally
Abu Dhabi Securities Exchange
KFC operator Americana increases IPO shares for UAE retail offer to 10%
Americana was previously reported to list over 2.52 billion shares on UAE and KSA bourses
Abu Dhabi Securities Exchange
KFC operator Americana opens IPO, shares priced at AED2.50 to 2.62
The final offer price will be determined through a book-building process and is expected to be announced on November 23
British curriculum
Taaleem IPO: Dubai school operator begins subscription at AED 2.95-3 per share
Taaleem aims to raise AED 750 million through the IPO
CVC Capital Partners
Exclusive: GEMS Education looking for “long term partner” as company explores minority sale, founder Sunny Varkey says
Company also considering IPO in middle of 2023
Dubai
New Dubai schools: Taaleem’s $200 million IPO to fund elite private schools in Jumeirah, Abu Dhabi
Taaleem, which seeks to raise a total of AED750 million from its IPO, will open its subscription period for investors on November 10
broadcasting
Saudi’s MBC Group IPO plans underway as broadcaster works with HSBC, JPMorgan
The size of the IPO and valuation weren’t immediately clear and the timing is subject to change
DEWA
Dubai’s Empower increases IPO offer size to 15% stake
DEWA and EPI-owned company will become the fourth government entity to be listed on Dubai Financial Market; Subscription opens on October 31