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Clifford Chance advises on Yahsat's IPO, ADX listing


Clifford Chance advises on Yahsat s IPO, ADX listing
ABU DHABI, 6 hours, 56 minutes
ago
Leading international law firm Clifford Chance has advised as Banks counsel on Mubadala-owned, Al Yah Satellite Communications Company PJSC (Yahsat) landmark IPO and listing on the Abu Dhabi Securities Exchange (ADX).
The banks included First Abu Dhabi Bank PJSC, Merrill Lynch International and Morgan Stanley & Co. International plc (as Joint Global Coordinators) and Abu Dhabi Commercial Bank PJSC, EFG Hermes UAE Limited and HSBC Bank Middle East Limited (as Joint Bookrunners).
This is the first IPO listed in the UAE since 2017, and the first ever IPO of a Mubadala subsidiary, representing an important milestone for Abu Dhabi markets and Mubadala. Demand from local and international institutional and retail investors resulted in the IPO being oversubscribed multiple times, further emphasising investor confidence. ....

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Announcement of Intention to Float on the Dubai Financial Market


Announcement of Intention to Float on the Dubai Financial Market
DUBAI, UAE, March 23, 2021 /PRNewswire/ Tristar Transport (PJSC - under incorporation) ( Tristar or the Company or, with its subsidiaries and subsidiary undertakings, the Group ), a leading global integrated liquid logistics solutions provider headquartered in Dubai, UAE, today announced its intention to proceed with an initial public offering (the IPO or the Offering ) on the Dubai Financial Market ( DFM ).
Established in 1998 as a road transport service provider for the petroleum industry in the UAE, Tristar has evolved into a leading integrated energy logistics company serving a diversified customer base of blue-chip investment grade companies. The Group has operations in 21 countries and territories across three continents and has over 2,000 road transport assets and 35 maritime vessels, including the operation of 69 fuel farms and over 100 remote fuel sites, providing a wide spectrum of integ ....

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