{"id":606464,"date":"2023-09-17T00:00:00","date_gmt":"2023-09-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/"},"modified":"2023-09-17T00:00:00","modified_gmt":"2023-09-17T00:00:00","slug":"ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/","title":{"rendered":"ADES on course to raise USD 1.2 bn in Saudi IPO"},"content":{"rendered":"

ADES set to price shares at top of expected range in Saudi IPO: <\/strong>Egypt-born oil and gas driller ADES Holding<\/a> is expected to sell its shares at SAR 13.50 in its initial public offering (IPO) on the Saudi stock exchange, Bloomberg reports<\/a>, citing a terms sheet it has seen.The company is set to raise USD 1.2 bn<\/a> by offering 30% of its share capital to the public, in what is projected to be the kingdom\u2019s biggest listing of the year. The shares were significantly oversubscribed within the first hours of institutional bookbuilding, according to Bloomberg. The final pricing will be announced on 20 September.<\/p>\n

The sellers: <\/strong> Company shareholders PIF, ADES Investments Holdings and Zamil Group Investment will sell a combined 101.6 mn existing shares, and ADES will also issue 237.1 mn new shares, according to Reuters<\/a>.<\/p>\n

Where the money\u2019s going: <\/strong>ADES intends to use the proceeds from the offering to reduce part of its indebtedness and fund its growth strategy, as well as for \u201cgeneral corporate purposes\u201d, Bloomberg reports.<\/p>\n

Advisors: <\/strong>EFG Hermes, Goldman Sachs, JPMorgan and SNB Capital will act as the financial advisors, global coordinators, bookrunners, and underwriters on the transaction. SNB Capital will also act as the lead manager. HSBC, GIB Capital, Al Rajhi Capital, and Saudi Fransi Capital were appointed as bookrunners and underwriters to the offering. Lazard Financial Advisory is ADES\u2019s independent financial advisor.<\/p>\n

<\/a> <\/a> <\/p>\n

\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

19,540<\/p>\n<\/td>\n

\n

+0.9% (YTD: +33.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

Buy 30.83<\/p>\n<\/td>\n

\n

Sell 30.96<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

Buy 30.85<\/p>\n<\/td>\n

\n

Sell 30.95<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

19.25% deposit<\/p>\n<\/td>\n

\n

20.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

11,155<\/p>\n<\/td>\n

\n

+0.3% (YTD: +6.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

9,880<\/p>\n<\/td>\n

\n

+0.9% (YTD: -3.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

4,043<\/p>\n<\/td>\n

\n

+0.2% (YTD: +21.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

4,450<\/p>\n<\/td>\n

\n

-1.2% (YTD: +15.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

7,711<\/p>\n<\/td>\n

\n

+0.5% (YTD: +3.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

Euro Stoxx 50 <\/strong><\/p>\n<\/td>\n

\n

4,295<\/p>\n<\/td>\n

\n

+0.4% (YTD: +13.2%)<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 93.93<\/p>\n<\/td>\n

\n

+0.3%<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 2.64<\/p>\n<\/td>\n

\n

-2.4%<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 1,946.20<\/p>\n<\/td>\n

\n

+0.7%<\/p>\n<\/td>\n<\/tr>\n

\n

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

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

\n

USD 26,577<\/p>\n<\/td>\n

\n

-0.9% (YTD: +60.7%)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

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

The EGX30 rose 0.9% at Thursday\u2019s close <\/strong> on turnover of EGP 2.0 bn (3.9% below the 90-day average). Foreign investors were net buyers. The index is up 33.9% YTD.<\/p>\n

In the green: <\/strong>Talaat Moustafa Group (+11.7%), Abu Dhabi Islamic Bank - Egypt (+3.5%) and Abu Qir Fertilizers (+2.7%).<\/p>\n

In the red: <\/strong>Beltone Holding (-1.3%), Fawry (-1.2%) and AMOC (-1.2%).<\/p>\n","protected":false},"excerpt":{"rendered":"

The company is expected to price its shares at the top of the range<\/p>\n","protected":false},"author":1,"featured_media":606465,"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":[7057,1827,84,93,72,119,11501,260,490,78,262,91,122,219,11502,11503],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-606464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-ades-international","tag-al-rajhi-capital","tag-efg-hermes","tag-energy","tag-enterpriseam","tag-financial-markets","tag-gib-capital","tag-goldman-sachs","tag-hsbc","tag-ipo-watch","tag-jpmorgan","tag-oil-and-gas","tag-planet-finance","tag-saudi-arabia","tag-saudi-fransi-capital","tag-snb-capital","wpautop","entry"],"acf":{"mongo_id":"f4038e4e-b24c-4f7a-b193-1b77ecdc735d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/1034.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ADES on course to raise USD 1.2 bn in Saudi IPO","related_issue":[606436],"teaser":"The company is expected to price its shares at the top of the range","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.e6a78293-7e78-4f1a-ac52-e9b39a1c173f.mp3"},"yoast_head":"\nADES on course to raise USD 1.2 bn in Saudi 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\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADES on course to raise USD 1.2 bn in Saudi IPO\" \/>\n<meta property=\"og:description\" content=\"The company is expected to price its shares at the top of the range\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-17T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ADES on course to raise USD 1.2 bn in Saudi IPO\",\"datePublished\":\"2023-09-17T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/\"},\"wordCount\":338,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Ades International\",\"Al Rajhi Capital\",\"EFG Hermes\",\"energy\",\"EnterpriseAM\",\"Financial Markets\",\"GIB Capital\",\"Goldman Sachs\",\"HSBC\",\"IPO watch\",\"JPMorgan\",\"oil and gas\",\"Planet Finance\",\"Saudi Arabia\",\"Saudi Fransi Capital\",\"SNB Capital\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/\",\"name\":\"ADES on course to raise USD 1.2 bn in Saudi IPO - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-09-17T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ADES on course to raise USD 1.2 bn in Saudi IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ADES on course to raise USD 1.2 bn in Saudi IPO - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/","og_locale":"en_US","og_type":"article","og_title":"ADES on course to raise USD 1.2 bn in Saudi IPO","og_description":"The company is expected to price its shares at the top of the range","og_url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2023-09-17T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"ADES on course to raise USD 1.2 bn in Saudi IPO","datePublished":"2023-09-17T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/"},"wordCount":338,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1","keywords":["Ades International","Al Rajhi Capital","EFG Hermes","energy","EnterpriseAM","Financial Markets","GIB Capital","Goldman Sachs","HSBC","IPO watch","JPMorgan","oil and gas","Planet Finance","Saudi Arabia","Saudi Fransi Capital","SNB Capital"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/","url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/","name":"ADES on course to raise USD 1.2 bn in Saudi IPO - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1","datePublished":"2023-09-17T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"ADES on course to raise USD 1.2 bn in Saudi IPO"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":606086,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/11\/ades-eyes-usd-1-2-bn-from-saudi-ipo\/","url_meta":{"origin":606464,"position":0},"title":"ADES eyes USD 1.2 bn from Saudi IPO","author":"enterpriseam admin","date":"11 September 2023","format":false,"excerpt":"The IPO is expected to be Saudi Arabia\u2019s largest offering this year","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\/2023\/9\/742.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604297,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/29\/ades-international-to-ipo-in-riyadh-in-september\/","url_meta":{"origin":606464,"position":1},"title":"ADES International to IPO in Riyadh in September","author":"enterpriseam admin","date":"29 August 2023","format":false,"excerpt":"Bookbuilding kicks off on 10 September","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\/2023\/8\/1294.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603941,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/23\/ades-to-ipo-in-riyadh-next-quarter\/","url_meta":{"origin":606464,"position":2},"title":"ADES to IPO in Riyadh next quarter?","author":"enterpriseam admin","date":"23 August 2023","format":false,"excerpt":"The company reportedly aims to raise USD 1.2 bn from the offering","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\/2023\/8\/1025.jpg?fit=%2C&ssl=1&resize=350%2C200","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":606464,"position":3},"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":[]},{"id":586563,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/14\/ades-international-aramco-trading-reportedly-push-saudi-ipos\/","url_meta":{"origin":606464,"position":4},"title":"ADES International, Aramco Trading reportedly push Saudi IPOs","author":"enterpriseam admin","date":"14 May 2023","format":false,"excerpt":"Gulf IPOs are down this year amid a decline in oil prices","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\/2023\/5\/717.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564930,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/","url_meta":{"origin":606464,"position":5},"title":"Saudi wealth fund to take top offshore outfit ADES International private","author":"enterpriseam admin","date":"8 March 2021","format":false,"excerpt":"Saudi Arabia\u2019s Public Investment Fund is looking to take leading regional oil and gas services company ADES International private. The USD 161 mn transaction would value the UAE-based rig player, which grew out of Egypt and remains the country\u2019s largest offshore oil and gas service provider, at some USD 516\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/606464","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=606464"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/606464\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/606436"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/606465"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=606464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=606464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=606464"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=606464"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=606464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}