The privatization program focuses on the transfer of ownership through IPOs
, asset sales, and public-private partnerships.
Among these functions include the submission of LSI subscription forms, updating of LSI subscription like adding or reducing shares, prompts when there is an upcoming or on-going IPO
or when there are other relevant updates.
In its continuous resolve to increase convenience for stock market investment, Central Depository Company of Pakistan Limited is taking regular initiatives to provide ease and efficiency for the subscription of shares offered through IPOs
to general public.
of Sarwa Capital on the Egyptian Stock Exchange raised US$123.2m during Q4 2018.
Summary: Corporate IPOs
led primary markets in 2018, contributing 56% to number of issuances and 62% of capital raised
Bildik & Yilmaz (2008) propose that the source of shares sold through the IPO
affect investors' decisions whether to participate in the IPO
"It is positive to see that IPO
value increased year-over-year in Q3, especially when we have seen several entities across MENA delaying their plans for IPOs
in 2018 due to various factors including (but not limited to) regulatory and global trade concerns and uncertain market conditions in a rising interest rate environment," Phil Gandier, MENA Transactions Leader at EY, said.
Gregory Hughes, MENA IPO
leader at EY said: 'Although oil prices have increased, MENA countries are still feeling the impact of the significant drop in oil prices in recent years.
activity accounted for 36 IPOs
raising US$12.8b, up 44% in terms of volume and 17% by proceeds compared with Q1 2017.
The UAE led the MENA IPO
market in value, raising a total of $2.2 billion in capital, primarily contributed by the Emaar Development IPO
at $1.3 billion-- the largest IPO
in the region since 2014.
The renewed interest for IPOs
in the region is in the wake of a record 2017 that witnessed 17 issues raising as much as $2.95 billion in capital.
Tadawul was the largest in terms of IPO
volume, witnessing IPOs
of three Real Estate Investment Trusts (REITs) (38 per cent of total IPO
volume in Q4), raising $209 million.