Middle East Equity

Deal got done with local institutions and finished 2.1 times oversubscribed. International and retail accounts were irked by E&P’s share price tumble

Internationally marketed IPO pays off as ‘global’ investors come in

OQ’s Base Industries IPO will be a local deal as slump in shares of E&P sister company was a “wake-up call” for international investors

Saudi Arabia's wealth fund sold a 2% stake in telecoms utility

After strong results, Delivery Hero is selling 15% of its Middle Eastern division in what will be one of the UAE’s biggest IPOs of the year

LuLu Retail breaks demand records, as international investors take 30% of the book, including Vanguard and GIC

Investor education on OQBI began one week after OQEP's shares fell on their first day of trading

The Abu Dhabi Pension Fund, Bahrain's sovereign wealth fund, Emirates International Investment and the Oman Investment Authority have promised to buy shares, with more long-only accounts in the book as anchors

Company has begun pre-deal investor education to local and international investors on $1.5bn-$1.75bn IPO

OQEP was 2.65 times covered with 50-50 allocation to international and local investors

Deal received ‘substantial’ interest from both local and international investors

Mid-caps in the Gulf approach listings; LuLu in the UAE expected to be next big deal