Saudi regulator gives nod to Awazel’s IPO plans

Dubai: The Capital Market Authority (CMA) said on Thursday it has approved the Arabian Waterproofing Industries’ (Awazel) plan to offer 30 per cent or 8.1 million shares of the company’s share capital through an initial public offering. “A portion of ... ( read original story ...)

Adnoc said to consider IPO for shipping business

The UAE is the fourth-largest member in the Organisation of Petroleum ... Emirates Global Aluminium, the largest aluminium producer in the Middle East, is considering an IPO that could raise about $3 billion. Saudi Arabia, the largest Gulf Arab economy ... ( read original story ...)

Abu Dhabi targets IPOs worth $5b ahead of Saudi Aramco

Dubai/Abu Dhabi: Abu Dhabi is hoping to fast-track at least $5 billion (Dh18.3 billion) of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighbouring Saudi Arabia ... ( read original story ...)

Abu Dhabi targets IPO frenzy ahead of Saudi Aramco

DUBAI: Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings by state-backed companies next year before Saudi Aramco’s planned $100 billion IPO dominates investor demand. Like neighboring Saudi Arabia, Abu Dhabi is restructuring ... ( read original story ...)

UAE Ministry of Finance Receives a Delegation From Saudi Arabia

In a bid to strengthen its relations with regional and global entities, the UAE Ministry of Finance (MoF) received today a delegation from the Ministry of Finance of the Kingdom of Saudi Arabia (KSA) in its premises in Dubai. The meeting aimed to exchange ... ( read original story ...)

Electronic IPO Services Highlighted at ADX

Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, recently held a conference with ten of the UAE’s top banking institutions to discuss plans for its new electronic Initial Public Offering (IPO) services. The new service will ... ( read original story ...)