Oman's Phoenix Power Co, owner of the sultanate's largest power plant, has opened subscription for an initial share sale that would raise RO56.3 million ($146.3 million) from a 35 per cent stake, the Times of Oman newspaper reported on S
Turkey's Borsa Istanbul has decided to go public, it said in a statement on Tuesday, in an offering that will see the $220 billion stock exchange sell up to nearly 43 per cent of its capital.
Turkey's sole stock exchange s
Emaar Properties said institutional investors have committed to buying all the shares offered to them in the flotation of its shopping malls business only a day after the initial public offering (IPO) was launched.
Abu Dhabi healthcare firm Al Noor Hospitals priced its London initial public offering at 5.75 pounds per share on Friday, valuing the company at 672 million pounds ($1.04 billion).
That was in the lower half of its original price
Oman Arab Bank, the banking arm of Oman International Development and Investment (Ominvest) , has delayed its initial public offering (IPO) until September, according to a report published by the Oman News Agency.
The bank sent a letter to
Qatar-based broadcaster Al Jazeera could launch an initial public offering as early as next year as the government looks to offload stakes in state-owned entities, a senior executive at the country's bourse said.
'Al Jazeera would
The value of initial public offerings (IPOs) in the Middle East plunged 95 per cent to their lowest level in five years during the first quarter, Ernst & Young said in a report on Tuesday.
Middle East firms raised only $21.7 million in
Investors lured by healthier stock markets and private equity firms eager to unload stakes in their portfolio companies are setting the stage for the return of billion-dollar-sized initial public offerings to the US.
The size of several re