Mubadala Shelves Cespa IPO Plans

• Monday, 15th October 2018
• by Editorial Team

Abu Dhabi’s state-owned Mubadala Investment Company has halted plans to list 25% of Spanish oil company Cepsa after investors were not convinced by its valuation, Bloomberg reported. “Recent international econom...

Saudi Aramco IPO by Early 2021: Crown Prince

• Monday, 8th October 2018
• by Editorial Team

Saudi Aramco’s initial public offering (IPO) will take place by 2021, Crown Prince Mohammed bin Salman has said. “I believe late 2020, early 2021,” he said during an interivew with Bloomberg. “The in...

Enppi Signs Deal to Manage IPO

• Monday, 8th October 2018
• by Sarah Samir

Engineering for the Petroleum & Process Industries (Enppi) has signed a contract with three banks to manage the company’s initial public offering (IPO) on the Egyptian Exchange Market (EGX), Egypt Oil & ...

ACWA Power IPO Delayed: Sources

• Sunday, 23rd September 2018
• by Editorial Team

Saudi Arabia’s ACWA Power has reportedly delayed its plans for an initial public offering (IPO), originally expected for later this year, sources familiar with the matter told Reuters. The Saudi government has been lo...

Mubadala to List 25% Cepsa Stake

• Tuesday, 18th September 2018
• by Editorial Team

Abu Dhabi’s investment company Mubadala plans to list 25% of Spanish oil company Cepsa, of which it owns 82.5%, in an initial public offering (IPO),  Reuters reported. Sources close to the matter estimated Cespa’...

AMOC to Offer 20% Stake on EGX

• Sunday, 16th September 2018
• by Sarah Samir

Egypt’s Minister of Finance, Mohamed Maait, has announced that a further 20% of the Alexandria Mineral Oils Company (AMOC) will be offered on the Egyptian Exchange Market (EGX), according to Al Masry Al Youm. Th...

UAE’s Brooge Petroleum Targets 2018 London IPO

• Wednesday, 5th September 2018
• by Editorial Team

Emirati Brooge Petroleum and Gas Investment Co (BPGIC) plans to raise $400 million in capital in an initial public offering (IPO) on the London exchange before the end of 2018, three sources familiar with the matter t...

Oman’s Musandam Expects 2018 IPO Date

• Wednesday, 29th August 2018
• by Editorial Team

Musandam Power Company, a majority-owned subsidiary of the Oman Oil Company, plans to launch its initial public offering (IPO) in 2018, a senior official at the Capital Market Authority (CMA) told Muscat Daily. “We ho...

Saudi Arabia Grants Aramco 40-Year Concession Agreement

• Tuesday, 28th August 2018
• by Editorial Team

The Saudi government has offered state-owned oil company Saudi Aramco a 40-year concession term for the kingdom’s oil reserves, replacing its current evergreen contract which permits it indefinite exclusive righ...

Saudi Sovereign Fund Borrows $11B Following Aramco IPO Delay

• Monday, 27th August 2018
• by Editorial Team

Saudi Arabia’s sovereign wealth fund has borrowed $11 billion from international banks after plans for an initial public offering (IPO) of state-owned oil firm Saudi Aramco were delayed indefinitely, an industry...