Egyptian dairy firm Arabian Food Industries Company (Domty) is planning an initial public offering (IPO) on the Cairo bourse in March, its chairman and managing director Omar El Damaty said on Wednesday.
Food is seen as a fast-gro
The final quarter (Q4) of 2015 echoed the sluggish IPO (Initial Public Offering) performance in Q3 proving that 2015 was a volatile year for IPOs in the GCC, said experts, highlighting that Saudi Arabia witnessed the only IPO during Q4.
Kuwait's sovereign wealth fund is delaying the sale of its holding in Kuwait Investment company (KIC) through an initial public offering due to market conditions, it said in a bourse statement on Thursday.
The Kuwait Investmen
Saudi Arabia's Tadawul stock market said on Thursday that it planned to launch its own initial share sale in 2018.
The initial public offering will be launched after the readiness exercise is completed and necessary approvals
Only the EMEA region showed growth in domestic initial public offerings (IPOs) during 2015, while cross-border deals worldwide slid back to just below 2013 levels, according to a Cross-Border IPO Index by global law firm Baker & McKenzie.
Saudi Arabia's Alandalus Property Company will launch an initial public offering (IPO) in mid-December, the market regulator said in a statement on Wednesday, the first flotation since the kingdom allowed direct foreign share ownership.
Activity in initial public offerings (IPOs) in the GCC countries slowed down in the first quarter (Q1) of 2015, slightly picking up pace in Q2 and further slowing down in Q3 of the year, according to experts.
Regional IPO activity
Dubai Financial Market (DFM) said it has signed a MoU with Dubai government to streamline payments of IPO subscription via the Smart Government portal.
As per the deal signed with the Department of Finance (DoF), investors will be
Last year, many tech IPOs enjoyed soaring valuations in their Wall Street debut, raining cash on the companies and their investors and boosting concerns about another Silicon Valley bubble.
Now, the party is winding down, accordin
Italian luxury carmaker Ferrari expects its US initial public offering to be priced in a range of between $48 and $52 per share, which could value the company at up to $9.8 billion, it said.
Parent Fiat Chrysler Automobiles will s