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Speaking at the Real Estate Future Forum in Riyadh, NHC CEO Mohammad Albuty said NHC is on track to meet its 2025 house-building target within months

Saudi Arabia’s NHC explores floating subsidiaries

Saudi Arabia’s National Housing Company (NHC) is exploring the possibility of launching initial public offerings (IPOs) for many of its subsidiaries. They include NHC Innovation, the company’s digital arm that was launched this week. NHC said it was meant to improve services for a customer base that has grown to 20 million across 10 different […]

A trader checks the market at the Saudi exchange; Derayah Derayah is considering seeking a valuation of about $2 billion

Derayah Financial to list 20% in IPO on Riyadh exchange

Saudi Arabia’s Derayah Financial has announced plans for an initial public offering on the Riyadh stock exchange. The financial services company, which specialises in brokerage and asset and wealth management, plans to offer investors a 20 percent stake, it said on Thursday.  The company is looking to sell more than 49.9 million shares and the […]

Asyad Group CEO Abdulrahman Al Hatmi. The logistics business is owned by the Oman Investment Authority

Oman’s Asyad Group plans IPO of shipping unit

Asyad Group, a logistics business owned by Oman’s sovereign wealth fund, has announced plans to float its shipping unit on the Muscat stock exchange. At least 20 percent of Asyad Shipping Company will be sold in the initial public offering. The Asyad IPO will be divided into two tranches. The first is 75 percent of […]

Mohammed Alardhi, executive chairman of Investcorp, has welcomed Donald Trump's return to power, saying: 'We think the new administration is pro-growth'

Investcorp chairman weighs IPO or deal with strategic investor

Investcorp is considering a tie-up with a strategic investor or an initial public offering in the next few years, its executive chairman has said.  Mohammed Alardhi said the Bahrain-based alternative asset manager had streamlined its strategy and reshuffled its leadership and management teams.  For its next period of growth, Investcorp may look to outside investment, […]

Saudi ecommerce platform Nice One sells cosmetics and personal care products to four million registered customers

Nice One share price up 55% in first week of trading

Nice One Beauty Digital Marketing Co’s shares jumped 9.81 percent on Tuesday, beginning the day at SAR49.75 ($13.25) and reaching SAR 54.30 by its close. Eight days after the Saudi cosmetics retailer launched an initial public offering (IPO) for 30 percent of its capital (36.5 million shares) on January 7, its shares have increased in […]

Riyad Bank tower in the King Abdullah Financial District of the Saudi capital. The bank is already listed on the Tadawul

Saudi Arabia’s Riyad Capital explores $2.5bn IPO 

The proposed listing of Riyad Capital, the investment banking arm of Riyad Bank, would value the business at $2.5 billion, Bloomberg has reported. Riyad Capital is working with JP Morgan Chase & Co on the plan to list on the Saudi stock exchange, which is expected in mid-2025. Founded in 2008, Riyad Capital offers a […]

A diabetes awareness event organised by the Dr Soliman Abdel Kader Fakeeh Hospital; the Saudi medical company conducted the largest IPO, selling 21.5 percent of its stock for $764 million

Strong post-IPO performance bodes well for Saudi flotations

Recently floated Saudi Arabian companies have thrived since listing on Riyadh’s bourse, thanks in part to astute pricing of initial public offerings and foreign institutional investors’ growing participation. Since the start of 2024, there have been 14 IPOs in Saudi Arabia that raised more than $100 million, according to data compiled by AGBI and London […]

Saudi Tabreed currently manages 779,000 tonnes of refrigeration via contracts with major companies in the kingdom

PIF-backed Tabreed explores Saudi listing this year

Tabreed District Cooling is planning to launch an initial public offering (IPO) on the Saudi stock market this year, according to a news report. Backed by the Public Investment Fund (PIF), the refrigeration and cooling company has hired Citigroup and SNB Capital for a potential flotation, Bloomberg reported, citing informed sources. While no final decisions […]

Commentators say Middle East investors have remained active, despite the overall drop in venture capital funding

Saudi startup funding tumbles as era of cheap money ends

Funding for startups in Saudi Arabia dropped 44 percent to $750 million last year, the sharpest decline in the Middle East and North Africa, according to data analyst Magnitt. Across Mena, venture capital was down 29 percent to just under $2 billion, reflecting global trends of high interest rates and investor caution. Saudi Arabia was […]

Nice One, the largest beauty and personal care ecommerce platform in Saudi Arabia, aims to raise $322 million through the IPO

Retail orders for IPO of Saudi’s Nice One hit $242m

The retail tranche of Nice One Beauty Digital Marketing’s initial public offering on the Saudi stock exchange was 7.9 times oversubscribed, with the order book reaching SAR908 million ($242 million). SNB Capital Company, the lead manager for the IPO, said the two-day subscription included 3.47 million shares, representing 10 percent of the IPO, at SAR35 […]

The expected market capitalisation of Almoosa Health will be SAR5.63bn, making it Saudi Arabia’s second-largest IPO this year

Almoosa Health IPO’s retail tranche orders hit $372m

The retail tranche of Almoosa Health Company’s initial public offering (IPO) on the Saudi stock exchange was 408.7 percent oversubscribed, with the order book reaching SAR1.4 billion ($372.8 million). It ran two days from December 23 and comprised 2.66 million shares, representing 20 percent of the IPO, at SAR127 per share. Individual investors will receive […]

Almoosa Health Company has set the final offering price at SAR 127 per share

Almoosa Health’s Saudi IPO order book hits $46bn

The institutional book-building process for Almoosa Health Company’s upcoming initial public offering (IPO) has reached SAR173 billion ($46 billion) and was oversubscribed 103 times. The company set the final offering price at SAR127 per share, raising SAR1.69 billion on the Saudi stock market listing. The expected market capitalisation will be SAR5.63 billion, making it the […]

Grocery business Mair Group listed on ADX this week. UAE IPOs raised over $6bn last year

ADX ripe for international investment, say asset managers

The Abu Dhabi Securities Exchange remains a sleeping giant for international investors despite the huge sums raised from recent ADX listings, speakers said this week at the emirate’s annual financial showcase. There have been 23 notable initial public offerings of UAE companies since the start of 2021 – 14 on the ADX and nine on […]

OQBI has offloaded 49% of its shares, with 40% going to retail investors

Oman’s OQBI poised to make Muscat bourse debut

Oman’s OQ Base Industries will debut on Muscat’s bourse on December 15 after the state oil company subsidiary completed a $489 million initial public offering. OQBI, the third OQ unit to float since March 2023, has offloaded 49 percent of its shares. Of the shares sold, 30 percent went to institutions, 40 percent to retail […]

Egypt's prime minister Mostafa Madbouly first outlined a plan to list more state-owned companies in 2022

Egypt to list military-linked companies says PM

The Egyptian government will reveal plans next week to list military-affiliated companies on the local stock exchange, prime minister Mostafa Madbouly has said. Local media reports said three to four companies will be listed on the Egyptian stock exchange. No company names were given. The listings will attract investment and promote economic development, he said […]

A Talabat courier in Cairo. The Delivery Hero subsidiary also operates in Jordan, Iraq and all six GCC states

Mena delivery app Talabat outperforms its German parent

When Talabat makes its debut on Dubai Financial Market next week, the food delivery app will be worth nearly as much as its parent company despite providing only about a quarter of Delivery Hero’s revenue. This might suggest Talabat’s initial public offering (IPO) was overpriced but a closer look at both companies’ earnings shows otherwise […]

Talabat drivers at a rest station. The company reported a 46 percent year-on-year increase in Q3 profits

Talabat to raise $2bn from IPO as price is finalised

Germany’s Delivery Hero has set the price for the initial public offering (IPO) of Talabat, its Mena-based food delivery company, at the top of the range. The final IPO price was set at AED 1.60 ($0.44) per share, enabling the company to raise AED7.5 billion ($2 billion). Following strong investor demand, Talabat increased its IPO […]

The Omani government is undertaking an extensive part-privatisation programme to raise money and diversify the country’s stock market

Strong institutional demand for latest Omani IPO

OQ Base Industries (OQBI) has attracted strong institutional interest in its $490 million initial public offering (IPO), the Omani business’s parent company said on Thursday. OQBI, which produces methanol, ammonia and liquefied petroleum gas, will be the third subsidiary of Omani state oil company OQ to float and join Muscat’s bourse. The Omani government is […]

More than 50 Saudi Arabian companies are said t be waiting to list on the kingdom’s bourse in 2025

Saudi hospital operator Almoosa announces IPO

Almoosa Health Company has announced plans to launch an initial public offering of 30 percent of its shares on the Saudi stock market. The price range for the offering will be announced on December 4, with the institutional book-building process starting the same day. This will be followed by a retail subscription period from December […]