IPO

GCC companies raise $3.6 billion from 23 IPOs in H1 of 2024: Report

The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds

Saudi Aramco exercises greenshoe option, raises $12.35 billion from share sale

By exercising the greenshoe option, Aramco raised an additional $1 billion from the listing

Saudi’s Arabian Mills plans to list 30 percent stake in IPO

The CMA has approved Arabian Mills' public listing application, and the company will publish the IPO prospectus soon

Alef Education begins trading on ADX after successful $514 million IPO

Alef Education's market capitalization reached $2.56 billion at the time of listing

MENA investments likely to rise as interest rates decline in 2024, boosting IPOs and M&A deals: Report

UAE and Saudi Arabia's startups to continue taking center stage in dealmaking this year

Alef Education sets IPO offer price between AED1.30 and AED1.35 per share

Total offering size to reach between $496 million and $515 million

Dubai’s IPO boom positions city as thriving hub for capital markets: Report

Privatization of state-related entities to support the initial phase of regional IPO growth

ADX launches Global Investor Roadshow in New York, showcases leading companies

Market capitalization of 15 of ADX’s most prominent listed companies reaches over $228 billion

Dubai’s Spinneys revenues surge to $221.89 million, transactions rise by 9.5 percent in Q1 2024

The company's gross profit margin also demonstrated strength, reaching 41.2 percent in the quarter

Majority of Middle East IPOs experience positive aftermarket gains in 2024: Report

Notable market gains included MBC Group Co and Avalon Pharma

10 MENA IPOs raise $1.2 billion in Q1 2024: Report

UAE's Parkin raised the highest proceeds, contributing 37.2 percent to total proceeds of MENA IPOs

DFM’s new investor base grows 10 times as Dubai’s IPO market continues to boom

The market attracted nearly 44,000 new investors in Q1 this year, and 85 percent of them are international

Egypt targets 3-5 year timeline for IPO program, finance minister reveals

Maait highlighted that Egypt is on track to achieve financial stability after facing a severe economic crisis

Dubai parking operator Parkin set to join DFM indices starting April 22

Technologically advanced parking operator supports Dubai's robust capital markets development strategy

Dubai’s Spinneys announces IPO, to list 25% shares on DFM

The subscription period will open on Tuesday, April 23, 2024

Dubai Financial Market sees 103 percent surge in investor accounts in Q1 2024

Parkin IPO enhances market's attractiveness and draws new investors

Saudi Arabia’s Rasan gets IPO approval, to offer 22.7 million shares on Tadawul

The IPO will involve the sale of 30 percent of the company's capital

Reddit shares surge by 48 percent on first day as a public company

Social media platform's stock market debut signals confidence in growth potential

Parkin shares jump over 35 percent on first day of trading on Dubai stock market

IPO resulted in market capitalization of AED6.30 billion upon admission

Parkin’s IPO: Company increases retail share offering in response to high demand

The overall size of the public float remains unchanged at 749.7 million shares

Transparency, good governance boost investor confidence in UAE: EFG Hermes CEO Moustafa El Chiati

Economic diversification, governance and robust trade position UAE as international investment hub