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Avalon IPO retail offer nets $712m; oversubscribed 54 times

Middle East Pharmaceutical Industries Company’s (Avalon Pharma) initial public offering (IPO) has netted SR2.67 billion ($712.1 million) in retail subscription indicating an oversubscription of 54.3 times.  

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Avalon IPO retail offer nets $712m; oversubscribed 54 times

Middle East Pharmaceutical Industries Company’s (Avalon Pharma) initial public offering (IPO) has netted SR2.67 billion ($712.1 million) in retail subscription indicating an oversubscription of 54.3 times.  

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DTC sets IPO price range, sees market capitalisation of $1.2bn

Dubai Taxi Company PJSC (DTC) has set the price range for its offer shares between AED1.80 ($0.49) and AED1.85 per share and announced the start of subscription for its AED1.16 billion ($315 million) initial public offering (IPO) on DF

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DTC sets IPO price range, sees market capitalisation of $1.2bn

Dubai Taxi Company PJSC (DTC) has set the price range for its offer shares between AED1.80 ($0.49) and AED1.85 per share and announced the start of subscription for its AED1.16 billion ($315 million) initial public offering (IPO) on DF

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Kuwait International Bank completes $536m capital hike

Kuwait International Bank (KIB), a leading Shariah-compliant bank in the country, has announced the successful completion of the subscription process for a capital hike through offer of 428.6 million shares at a value of KD60 million in a righ

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Abu Dhabi exchange, MBank sign pact to facilitate IPO subscriptions

Abu Dhabi Securities Exchange has signed an agreement with Al Maryah Community Bank (MBank), the first digital bank in UAE, to facilitate initial public offering (IPO) subscriptions and streamline the process for obtaining a National Investor

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UAE’s first T-Bond auction a huge success; draws $2.56bn

The first auction of the dirham denominated UAE Treasury Bonds (T-Bonds), with a size of AED1.5 billion ($400 million), drew bids worth AED9.4 billion ($2.56 billion), an oversubscription of 6.3 times, it was announced today. &nbs

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Kamco launches web-based subscription platform

Kamco Invest, a regional non-banking financial powerhouse, announced the launch of a new web-based subscription platform conveniently connecting investors with the latest equity offerings and debt issuances managed by Kamco Invest.

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Saudi Al Khabeer Capital closes major REIT fund subscription

Al Khabeer Capital, a major asset management and alternative investments group in Saudi Arabia, has announced the successful closing of the subscription to the additional offering of its real estate investment trust Expert REIT Fund, with cove

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Selfdrive.ae launches UAE's first car subscription platform

SelfDrive.ae, a UAE-based smart mobility transportation network company, has launched "Microlease", the regions first car subscription service. Microlease by Selfdrive.ae is a flexible and convenient on-demand monthly ca

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