Saudi Arabia will permit foreign institutional investors to buy shares directly in initial public offers, a move that could help the government sell billions of dollars' worth of stakes in state companies including oil giant Saudi Aramco.
Egypt's Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian Stock Exchange or share issuances, Petroleum Minister Tarek El Molla told Reuters on Tuesday.
The number of Initial Public Offerings (IPOs) in the region diminished by half in the second quarter (Q2) of the year compared to the same period in 2015 as uncertainty and volatile market conditions weighed on investors and issuers, said indust
Saudi Arabia's energy minister said the kingdom always reacts to oil market supply and demand and it would continue to monitor crude markets for any developments.
Khalid Al-Falih also said that final agreem
Chinese logistics firm ZTO Express Co has submitted a filing in New York seeking clearance for an initial public offering aiming to raise between $1 billion and $2 billion, IFR reported on Tuesday, citing people close to the deal.
Oil and stock market conditions will have a role to play in mapping out the planned IPO of Saudi Aramco and preparations will take some time, the company's chairman told German daily Handelsblatt.
"The size and complexity
As part of plans for an up-to-$10 billion initial public offering, Postal Savings Bank of China (PSBC) aims to transform itself from a brick-and-mortar lender into a digital player, helped by its investors Ant Financial and Tencent Holdings.
Saudi and Japanese officials will hold meetings on Wednesday to discuss Japanese investment into the planned initial public offering (IPO) of a small part of Riyadh-controlled Saudi Aramco, said Khalid Al-Falih, the kingdom's energy minist
The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 per cent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year, traders said on Monday.
Lotte Group indicated it will shelve what may have been a $4.5 billion initial public offering, the world’s biggest so far this year, for its hotel unit after widening investigations pushed the South Korean conglomerate deeper into crisis,