Dubai: Careem Networks FZ, which competes with Uber Technologies Inc in the Middle East, may sell shares to the public in the next three years after a fundraising round valued the company at about $1 billion (Dh3.67 billion). “We are on a path to …
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Saudi newspaper says report on huge Aramco stake sale was wrong
DUBAI Major Saudi Arabian newspaper al-Eqtisadiah retracted a report on Sunday that said state oil giant Saudi Aramco IPO-ARMO.SE planned to sell 49 percent of its shares over the next 10 years. The report published on Saturday was “completely wrong and …
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Apollo Global, Abraaj Group invest in Laureate before possible IPO
The team handling media queries for the company is in Dubai and did not respond to a request for comment … Laureate registered with the SEC for an IPO last year, but those plans have not moved forward amid a turbulent market, regulatory scrutiny of …
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Saudi Aramco's landmark IPO seen boosting transparency
“If Aramco’s much-touted IPO does go through, it will be difficult to put a reliable dollar figure on its value,” Dr. Yasser Al-Saleh, a former Aramco engineer and now faculty member at Dubai’s Mohammed bin Rashid School of Government wrote in a …
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Saudi Arabia switches OPEC tack with eye on world’s top IPO, but it’s still far from ‘break even’
a credit analyst at Commerzbank AG in Dubai, said in an interview. “It’s more a question of building confidence in the economy. If crude stabilizes at higher prices, that will give more certainty and provide a stronger basis for the Aramco IPO.”
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Dubai Financial Market : Careem to list on DFM – CEO
Dubai – Mubasher:Careem, ride-hailing app, intends to offer its shares for an initial public offering (IPO), CEO, Mudassir Sheikha, said hinting to potential listing on Dubai Financial Market (DFM). In an interview with Bloomberg, Sheikha added that the …
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DFM Launches “IPO Communications Guide” As Part Of Its Efforts To Spearhead Potential Issuers’ Adoption Of Best Practices
His Excellency Essa Kazim, Chairman of DFM said; “We are pleased to launch this guide in line with DFM’s commitment to further reinforce the leading position of Dubai as a dynamic capital markets hub. Promoting the IPO sector by encouraging and …
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