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IPO watch
Bosta reportedly looking to list 20-30% of its equity capital on EGX
The speculation comes hot on the heels of the logistics firm launching a new USD…
CGS ekes out 0.8% gain on first day of Tadawul trading
PLUS: CGS secures two contracts worth SAR 195.5 mn from Aramco and Almarai
CGS wraps up Tadawul IPO with retail portion undersubscribed
Final allocations are due tomorrow
KDL seeks SAR 16.1 mn in Nomu IPO
The final offer price implies a market cap of SAR 80.5 mn at listing
M&A watch
AD Ports heads deeper into Europe with EUR 70 mn MBS Logistics acquisition
The transaction is expected to close before the end of the year
Beltone VC, Citadel exit Bosta at 75% IRR
Belton has booked five exits since its 2023 launch
Oman builds national bunkering player with O Bunkering-Marafi merger
The merger comes as Oman targets higher output from transport and storage
TODAY: What will it take for Gulf oil to flow freely?
What we’re tracking this morning regionally and around the world
Earnings watch
1Q earnings from GulfNav + Mawani adds new service to Jeddah Port
Stories on our radar this morning from around the region
Saudi cabinet greenlights GCC railway plans
Stories on our radar this morning from around the region
Air Arabia hit by regional disruptions; Asyad delivers mixed 1Q results
Regional tensions weighed on Air Arabia’s bottom line, while Asyad’s net income climbed despite…
Shipping lifts Adnoc L&S, while airport closure drags Jazeera
Aviation and maritime earnings told different 1Q stories — one had a shipping buffer,…
Diplomacy
UK, GCC finalize multi-bn-GBP trade agreement
The agreement will add around GBP 3.7 bn a year to the UK economy
UAE + Azerbaijan’s comprehensive economic partnership agreement is live
Stories on our radar this morning from around the region
TODAY: Sohar lands USD 550 mn petrochem plant
What we’re tracking this morning regionally and around the world
India, UAE advance energy trade ties + explore data centers and logistics investments
Adnoc led the dealmaking, closing a long-term LNG sales agreement to provide the state-owned…