Salik Company, Dubai’s exclusive toll gate operator, has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM). As per the released statement, 1.5 billion shares each with a nominal value of AED0.01 will be made available in the Offering, representing […]
Alamar Foods, a Saudi based Quick Service Restaurant operator in the Middle East, North Africa and Pakistan, has completed its SAR1.22 billion (approximately USD326 million) initial public offering (IPO) and listing of ordinary shares
Asafo & Co. advised Disty Technologies on its IPO, the first ever, on the Alternative Market of the Casablanca Stock Exchange. Disty Technologies, Moroccan importer and distributor of IT equipment and solutions, has successfully listed
IPOs
Real Estate, Construction & Infrastructure
United Arab Emirates
Tecom Group completes DFM listing and raises USD462m in IPO
Tecom Group, a manager and operator of 10 strategic, sector-focused business districts across Dubai, has successfully raised approximately AED 1.7 billion (USD462.8m) through an initial public offering (“IPO”). The Group has listed on the Dubai Financial
IPOs
Real Estate, Construction & Infrastructure
Saudi Arabia
Retal Urban Development Co. Initial public offering in Saudi Exchange
Retal Urban Development Co. (“Retal”), a next generation real estate developer of integrated master plan communities offering a portfolio of lifestyle-oriented residential, commercial, and mixed-use properties in the Kingdom of Saudi Arabia announced its Intention
Meysan Partners served as sole transaction counsel in the USD3 billion offering of Ali Alghanim and Sons Automotive Company, an official distributor of premium vehicle brands in Kuwait, Egypt, and Iraq, listed 124.8 million shares — representing 45%
IPOs
Real Estate, Construction & Infrastructure
United Arab Emirates
Tecom Group raises AED1.7bn in its IPO on Dubai Financial
Tecom Group, a strategic business enabler and a part of Dubai Holding, raised AED1.7 billion (USD463.2 million) from its initial public offering on the Dubai Financial Market. Subject to market conditions and the obtaining of
Industrial
IPOs
United Arab Emirates
Borouge completes its initial listing on Abu Dhabi Securities Exchange
Borouge, the strategic joint venture between Abu Dhabi National Oil Company (“ADNOC”) and Borealis (“Borealis”), providers of innovative and differentiated polyolefin solutions, has listed on the Abu Dhabi Securities Exchange (“ADX”) on June 3, 2022. Upon
March 1, 2022, SHUAA Partners Acquisition Corp I (“The Company”) priced its initial public offering of 10,000,000 units, at a price of USD 10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of
