Browsing: IPO

The Dubai Financial Market (DFM) has observed the completion of a substantial direct transaction involving Ekttitab Holding shares, amounting to a total value of AED 3.78M.

Shares in Abu Dhabi’s healthcare platform, PureHealth Holding, surged by up to 69% above their listing price on Wednesday during their market debut. The company had successfully raised nearly $1B in an initial public offering (IPO), representing 10% of its business.

Abu Dhabi-based healthcare platform PureHealth has secured $72B in (AED 265B) in investor orders for its $986M (AED 3.62B) initial public offering (IPO) on the local stock exchange

Saudi broadcaster MBC Group has garnered $14.5B (SAR 54.5B) in investor orders for its initial public offering (IPO) on the Saudi Exchange (Tadawul).

The Dubai Taxi Company has officially concluded the bookbuild and public subscription phase for its initial public offering (IPO) on the Dubai Financial Market (DFM). The final price for the IPO was set at AED 1.85, positioned at the upper limit of the previously disclosed Offer Price Range. This decision brings the total offering size to approximately AED 1.2B ($327M).

Healthcare giant PureHealth Holding has declared its plans to move forward with an initial public offering (IPO) and have its shares listed on the Abu Dhabi Securities Exchange (ADX). The initiation of trading on ADX is expected to begin in December, contingent upon securing regulatory approvals and meeting other necessary considerations.

Dubai Taxi Company is gearing up for an initial public offering (IPO), planning to offer nearly a quarter of its stake to investors. This move follows its establishment as a public joint-stock company under a new law by Sheikh Mohammed bin Rashid, aimed at expanding Dubai’s capital markets. The company is slated to offer 624.75 million shares on the Dubai Financial Market, enjoying financial and administrative independence.

Investcorp Capital, a Bahrain-based investment manager, has successfully raised AED 1.66B ($451M) through the sale of roughly one-third of its shares in an IPO on the Abu Dhabi Securities Exchange. The company, affiliated with Mubadala Investment Company-backed Investcorp, finalised the offering price at AED 2.30 per share, establishing a market capitalisation of approximately AED 5.04B at the time of listing.

Phoenix, a blockchain and cryptocurrency solutions company, is planning an initial public offering (IPO) on the Abu Dhabi Securities Exchange. This move is significant as it aims to become the first privately-owned cryptocurrency entity listed on a Middle East stock exchange. With a diverse range of services, including cryptocurrency mining and web3 games, Phoenix has ambitious goals to contribute to the global blockchain economy’s resilience and inclusivity.

Oman’s OQ Gas Networks (OQGN), the pipeline division of the state-owned OQ, is poised to…