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THIS MORNING: Alpha Data likely to price IPO at top of range + Is Sidara’s acquisition of Wood Group back on the table?
Plus: A host of debt updates from Sharjah Islamic Bank and Tabreed
Alpha Data could raise up to AED 600 mn from IPO
The company is seeking a valuation of up to AED 1.5 bn
Adnoc completes sale of 4% stake in Adnoc Gas to investors
The share sale was 4.4x oversubscribed
Alpha Data plans to list 40% stake on ADX as early as next month
Trading is expected to begin around Tuesday, 11 March
Talabat + Oman’s OQEP generated more than half of the proceeds of the region’s IPO activity in 4Q -EY
Companies raked in a total of USD 7.9 bn in IPO proceeds in 4Q 2024
Etihad Airways could hit the ADX before the end of February -CEO
The offering is expected to raise up to USD 1 bn
Saudi IPOs beat regional peers in terms of post-IPO performance last year
Newly listed Saudi stocks saw 37% post-listing gains, as opposed to the UAE’s 17%
State-backed Alec Engineering targets USD 500 mn IPO in mid-2025
The offering is slated for mid 2025
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