IPO

The UAE’s stock market capitalization has surged by 21.3 billion dirhams ($5.79 billion) this year, thanks to three new initial public offerings launched since the beginning of 2024, according to a new analysis. Alef Education Holding,…
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Saudi Arabia led the Gulf Cooperation Council initial public offering market with an annual 594 percent surge in the first quarter of 2024, according to Kuwait Financial Centre. A report issued by the organization, commonly known as…
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An array of robust and diverse initial public offerings are poised for the Saudi Exchange thanks to new initiatives aimed at attracting international investors, the bourse’s CEO has revealed. Addressing a panel discussion themed…
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Saudi-based fintech Rasan Information Technology Co. is set to offer 22.74 million shares for an initial public offering on the Kingdom’s main market. The company, along with its subsidiaries, will list the shares, which represent 30…
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Saudi Arabia’s Riyad Bank has approved the assessment and preparation of an initial public offering of its investment banking unit, Riyad Capital. According to a Tadawul statement, the board of directors are considering listing the…
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Government pledges for privatization will drive the momentum of initial public offerings in the Gulf Cooperation Council region in 2024, according to Fitch Ratings. In its latest report, the credit rating agency said that the sale of…
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Saudi Arabia is set to hire Citigroup Inc, Goldman Sachs Group Inc. and HSBC Holdings Plc for a secondary share sale in Saudi Aramco, a deal that would raise about $20 billion, Bloomberg News reported on Thursday, citing people familiar…
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Saudi Arabia led the Middle East and North Africa initial public offerings, with 14 out of 19 listings occurring in the fourth quarter of 2023. The MENA region witnessed a total of 48 IPOs during 2023, amassing $10.7 billion in proceeds,…
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The Dubai Financial Market witnessed a 12.5 percent surge in the number of investor accounts in 2023 as compared to the previous year, the Emirates News Agency, also known as WAM, reported on Tuesday. The report, citing official data,…
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The trend of initial public offerings in the UAE and the Gulf Cooperation Council region will continue to remain strong, with more public and private sector firms taking this route, indicated an industry report. According to a release…
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