IPO | Egypt Oil & Gas - Part 3

Saudi Aramco’s IPO Could See 10% Float

Saudi Arabia considers expanding the initial public offering (IPO) of Saudi Aramco by floating a 10% stake, instead of 5% as previously planned, Wall Street Journal first reported. The Saudi Royal Court is reportedly ...

Saudi Aramco Asks Banks for IPO Roles

Saudi Aramco has recently asked major banks to submit proposals for potential roles in its planned initial public offering (IPO), Reuters reported. The requests were reportedly sent to banks a few days day ago for wha...

Saudi Arabia, UK Discuss Aramco IPO

King Salman of Saudi Arabia has met with Philip Hammond, the UK’s Minister of Treasury (Chancellor of the Exchequer), in Jeddah to tackle investments between the two countries, the Washington Post reported. During his...

Aramco Prepares for $100 B IPO

Saudi Aramco, the world’s most profitable company, is once again preparing for its potential initial public offering (IPO), Bloomberg reported. This highly anticipated IPO is a cornerstone of the Saudi Vision 2030 to ...

Saudi Arabia Renews Commitment to Aramco’s IPO

The Crown Prince of Saudi Arabia, Mohammed bin Salman, has expressed his commitment to go through with the anticipated initial public offering (IPO) of Saudi Aramco. “We are committed to the IPO of Saudi Aramco, but u...

Aramco to Reveal H1 Financials in August

Saudi Aramco will soon reveal its first-ever earnings call, according to the company’s newly launched website segment for investors, Bloomberg noted. The Investors page on the Saudi company’s website is showing that t...

Egypt’s IPO Activity Surges in 2018

Initial public offerings (IPOs) activity in Egypt, along with other neighboring countries, has risen by 115% year-on-year (YOY) in 2018, according to PricewaterhouseCoopers (PwC). Egypt, Morocco, Tunisia, and Algeria ...

Enppi’s IPO to Take Effect before June

Engineering for Petroleum and Process Industries (ENPPI)’s initial public offering (IPO) on the Egyptian Exchange (EGX) is expected to take place before the end of the first half of 2019, Minister of Petroleum T...

AMOC to Delay IPO: Government Official

Alexandria Mineral Oils Company (AMOC) will delay its initial public offering (IPO) on the Egyptian Exchange Market (EGX) after the company posted lower-than-expected profits, a governmental source told Al Shorouk. Th...

Saudi Aramco IPO will ‘Certainly’ Happen: CEO

Saudi Aramco chief executive Amin Nasser has said that the delayed initial public offering (IPO) of the state oil giant will “certainly” happen when conditions are right, Reuters reported. Saudi Aramco is still in tal...

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