The number of equity investors in Pakistan declined in the last few years As the stock market is not the reliable indicator of the strength of the economy, oversubscribed initial public offerings (IPOs) also do not reflect the growth and depth of the equity market. Surprisingly, the total number of investors participating in the IPOs … Read more
RIYADH: Saudi Arabia is still seeing a tsunami of initial public offerings (IPOs) with Wednesday’s latest round of approvals for companies to sell shares to the public. The Capital Market Authority approved on Wednesday the offering of 70.3 million shares, the market regulator revealed. The approvals were led by Public Investment Fund’s fully owned Elm Co. that … Read more
KARACHI: If the macroeconomic situation in Pakistan stabilises after the resumption of the International Monetary Fund (IMF) programme, there will be more initial public offerings in 2022. “Though, there are a few IPOs [initial public offerings] in [the] pipeline, as companies plan to expand their capacities, the outlook on IPOs will depend on the overall … Read more
MOSCOW: At least 10 Russian companies could hold an initial public offering (IPO) in 2022, extending the listing spree that started a year ago if geopolitics, including Ukraine tensions, and other risks do not thwart their plans, Reuters quoted bankers and advisers, as saying. Russian car dealer Keyauto on December 13 became the latest firm to confirm … Read more
RIYADH: Gulf Capital, a financial institution based in the UAE, has added Dubai and Abu Dhabi to the list of possible markets for the initial public offerings of one of its assets in 2022, CEO Karim El-Solh told Al-Bayan paper. The return of IPOs in Dubai and Abu Dhabi financial markets have encouraged the company to consider … Read more
JEDDAH: Three private companies are to go public, offering around nine million shares in the initial public offerings (IPOs), Arab News quoted the Saudi Exchange market, Tadawul, as saying. Among them was the Riyadh-based Advanced International Company, specialising in providing technical and security solutions, offering 400,000 shares. Alwasail Industrial Co also offered 2.5 million shares. … Read more
KARACHI: The Arif Habib Limited (AHL) earned the highest-ever net profit of Rs2.084 billion for the year ended June 30, 2021, a bourse filing said on Monday. The company also declared a final cash dividend of Rs10/share and the bonus of 10 per cent, i.e., 10 shares for every 100 shares held for 2021, it … Read more
