{"id":555652,"date":"2021-11-22T04:06:44","date_gmt":"2021-11-22T04:06:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/22\/saudi-stock-exchange-to-raise-up-to-usd-1-bn-in-upcoming-ipo\/"},"modified":"2021-11-22T04:06:44","modified_gmt":"2021-11-22T04:06:44","slug":"saudi-stock-exchange-to-raise-up-to-usd-1-bn-in-upcoming-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/22\/saudi-stock-exchange-to-raise-up-to-usd-1-bn-in-upcoming-ipo\/","title":{"rendered":"Saudi stock exchange to raise up to USD 1 bn in upcoming IPO"},"content":{"rendered":"

<\/a> The company that owns Saudi\u2019s Tadawul stock exchange is set to raise up to USD 1.01 <\/strong>bn in its upcoming <\/strong>IPO<\/strong>, according to a statement (pdf)<\/a> by the operator. The Riyadh-based bourse plans to sell a 30% stake (equivalent to 36 mn shares), setting an indicative price range of SAR 95-105 per share, which could make it the largest stock exchange IPO since Euronext NV\u2019s USD 1.2 bn listing, Bloomberg reports<\/a>. Tadawul\u2019s plans to list had been on hold since 2016, as it set out to increase access for foreign investors and list oil giant Aramco in the world\u2019s biggest IPO. The news comes amid a global IPO boom<\/a>, which saw a record USD 600 bn raised this year, with Saudi Arabia leading the pack in the region with bumper listings from companies like Acwa Power<\/a> and Saudi Telecom<\/a>.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

11273<\/p>\n<\/td>\n

\n

-0.6% (YTD: +3.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 15.66<\/p>\n<\/td>\n

\n

Sell 15.76<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB<\/strong><\/p>\n<\/td>\n

\n

Buy 15.66<\/p>\n<\/td>\n

\n

Sell 15.76<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE<\/strong><\/p>\n<\/td>\n

\n

8.25% deposit<\/p>\n<\/td>\n

\n

9.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

11,486<\/p>\n<\/td>\n

\n

-1.9% (YTD: +32.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

8,336<\/p>\n<\/td>\n

\n

-0.2% (YTD: +65.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

3,258<\/p>\n<\/td>\n

\n

-0.2% (YTD: +30.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

4,698<\/p>\n<\/td>\n

\n

-0.1% (YTD: +25.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

7,224<\/p>\n<\/td>\n

\n

-0.5% (YTD: +11.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 78.89<\/p>\n<\/td>\n

\n

-2.9%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 5.07<\/p>\n<\/td>\n

\n

+3.3%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 1,854.30<\/p>\n<\/td>\n

\n

-0.5%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 59,514<\/p>\n<\/td>\n

\n

-0.2% (as of midnight)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

THE CLOSING BELL-<\/strong><\/p>\n

The EGX30 fell 0.6% yesterday<\/strong> on turnover of EGP 547.6 mn (62.7% below the 90-day average). Local investors were net sellers. The index is up 3.9% YTD.<\/p>\n

In the green: <\/strong>Eastern Company (+0.9%), EFG Hermes (+0.9%) and Credit Agricole Egypt (+0.1%).<\/p>\n

In the red: <\/strong>Speed Medical (-6.8%), Raya Holding (-4.4%) and GB Auto (-3.7%).<\/p>\n","protected":false},"excerpt":{"rendered":"

The company that owns Saudi\u2019s Tadawul stock exchange is set to raise up to USD 1.01 bn in its upcoming IPO, according to a statement (pdf) by the operator. The Riyadh-based bourse plans to sell a 30% stake (equivalent to 36 mn shares), setting an indicative price range of SAR 95-105 per share, which could […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[72,119,78,122,219,1134],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555652","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-enterpriseam","tag-financial-markets","tag-ipo-watch","tag-planet-finance","tag-saudi-arabia","tag-tadawul","wpautop","entry"],"acf":{"mongo_id":"a42e49ad-9318-4fa0-b3a8-2ab7f34c3a60","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[555634],"teaser":"","voice_url":""},"yoast_head":"\nSaudi stock exchange to raise up to USD 1 bn in upcoming IPO - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/22\/saudi-stock-exchange-to-raise-up-to-usd-1-bn-in-upcoming-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi stock exchange to raise up to USD 1 bn in upcoming IPO\" \/>\n<meta property=\"og:description\" content=\"The company that owns Saudi\u2019s Tadawul stock exchange is set to raise up to USD 1.01 bn in its upcoming IPO, according to a statement (pdf) by the operator. 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Luberef will offer\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/73.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557046,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/05\/acwa-power-announces-tadawul-ipo\/","url_meta":{"origin":555652,"position":2},"title":"ACWA Power announces Tadawul IPO","author":"enterpriseam admin","date":"5 September 2021","format":false,"excerpt":"Saudi renewable energy giant ACWA Power announced its intention to IPO on the Saudi stock exchange in a statement(pdf) Thursday. The kingdom\u2019s capital market regulator in June gave it the go-ahead to list 81.2 mn shares on the exchange, equivalent to an 11.1% stake.ACWA is hoping to raise more than\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/53.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545610,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/usd-1-bn-ipo-in-the-works-for-aramco-subsidiary-the-uk-wants-in-on-nfts\/","url_meta":{"origin":555652,"position":3},"title":"USD 1 bn IPO in the works for Aramco subsidiary + the UK wants in on NFTs","author":"enterpriseam admin","date":"5 April 2022","format":false,"excerpt":"Yet another Gulf IPO? Saudi Aramco subsidiary Luberef is looking to make its Tadawul debut in an IPO that could raise over USD 1 bn, Bloombergreports citing people familiar with the matter. The company reportedly plans to sell a 30% stake currently owned by Jadwa Investment and has tapped the\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577002,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/06\/empower-expands-ipo-on-high-demand-again\/","url_meta":{"origin":555652,"position":4},"title":"Empower expands IPO on high demand (again)","author":"enterpriseam admin","date":"6 November 2022","format":false,"excerpt":"Emirates Central Cooling Systems (Empower) has for the second time bumped up the number of shares on offer in its IPO due to high demand. It will now offer a 20% stake in the company, up from 15%, raising as much as AED 2.7 bn (USD 724 mn), according to\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577255,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/15\/the-gulf-ipo-boom-is-showing-no-signs-of-slowing\/","url_meta":{"origin":555652,"position":5},"title":"The Gulf IPO boom is showing no signs of slowing","author":"enterpriseam admin","date":"15 November 2022","format":false,"excerpt":"The Abu Dhabi stock exchange has three more IPOs in the pipeline this year and another 11 lined up for 2023, an official said in an interview with Bloomberg. An AED 5 bn (USD 1.36 bn) pre-IPO fund launched in October has helped bolster the ADX\u2019s listing pipeline, Abu Dhabi\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555652"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555652\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555634"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555652"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555652"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}