Bank Nizwa has joined the initial public offering of Oman India Fertiliser Company as a collecting bank, further strengthening its position as key provider of Islamic banking solutions. One of the top five fertiliser producers in the GCC, it is offering 25% of its share capital through the IPO.
The UAE has announced the launch of its first sovereign retail sukuk programme, offering individual investors access to government-backed Islamic investment instruments through a public subscription process. The sukuk will be offered through an IPO-style subscription framework.
SpaceX went public Friday, with shares trading at just above $150 in a hotly anticipated initial public offering that values Elon Musk’s rocket and AI company at $2 trillion. With this, Musk has now made history as the world’s first trillionaire.
Elon Musk has become the world’s first trillionaire, a milestone that offers investors a glimpse into where the next generation of “extraordinary wealth creation is likely to emerge”, affirms Nigel Green, CEO of global financial advisory deVere Group.
EFG Hermes, an EFG Holding company and the leading investment bank in MENA, has announced that it has been appointed sole global coordinator and sole bookrunner for the planned initial public offering of Misr Life Insurance on the Egyptian Exchange.
GFH Bank (GFH) has announced its participation as an anchor investor in the combined initial public offering (IPO) of Pershing Square and Pershing Square USA, a landmark dual listing on the New York Stock Exchange led by renowned investor Bill Ackman.
Dubai Residential REIT, a shariah-compliant real estate investment trust, said it has won approval from the shareholders for the distribution of AED550 million ($150 million) cash dividends for H2 2025, thus reflecting its strength in the REIT’s portfolio and confidence in Dubai’s residential leasing market.
The Middle East and North Africa's capital markets recorded 10 initial public offerings in Q4 2025, raising total proceeds of $1.7 billion, said a report. This surge was led by regional heavyweight Saudi Arabia that remained the most active market with six IPOs netting $561.6 million for the three-month period.
The UAE and Saudi Arabia have emerged as the clear leaders of the GCC IPO market, setting the benchmark for scale, sophistication, and investor expectations across the region, according to a new Viewpoint by Arthur D Little.
Silah Gulf, a portfolio company of Bahrain Mumtalakat and a leading customer experience and BPO service provider in the region, has opened subscriptions for its initial public offering (IPO), aiming to raise about BD2.9 million ($7.7 million).
