EMEAIPO-DIARY/ =3 LONDON

MIDDLE EAST
Q2 Atheeb United N.A. N.A. N.A. 160

Saudi Arabia's Atheeb United plans to raise 500 million
riyals before July by offering 25 percent of its shares in an
IPO, its chairman said on Feb. 26.

Q2 Drake & Scull N.A. N.A. HSBC N.A.

Al Mal

The Dubai-based electrical and mechanical engineering firm
said on Feb. 27 it would receive approval for an IPO before the
end of March. It aims to list 55 percent of its share capital in
Dubai by the second quarter.

Oct Maaden 462.5 N.A. JPMorgan 2,400

Saudi Arabian Mining Co (Maaden), a state-owned partner in
an aluminium venture with Canada's Alcan Inc. AL.TO, will sell
462.5 million shares, or 50 percent of its share capital, to
raise 9 billion riyals.

H2 Zim Integrated N.A. N.A. Goldman 500

Shipping Services M.Stanley

Israel Corp (ILCO.TA) said on Feb. 25 that it planned an IPO
for Zim, the biggest container shipping firm in Israel, in Hong
Kong or Tel Aviv. The offer is expected around second half this
year to support an acquisition programme. Zim, which has a fleet
of 100 vessels, serving 180 ports around the world, is bidding
for Thessaloniki Port.

Q4 Abdulaziz Al N.A. N.A. N.A. N.A.

Rajhi and Sons Co.

The family owned firm plans to sell 30 percent of its shares
by the end of this year.

2008 EgypAir N.A. N.A. N.A. N.A.

[EGY.UL]

The Egyptian government cancelled a plan to sell a 20
percent stake of national carrier EgypAir in late 2007.

2008 First Energy N.A. N.A. N.A. N.A.

Bank

Gulf Finance House plans to offer 30 percent of First Energy
Bank, the world's first Sharia-compliant bank specialising in
energy, in an IPO.

2008 Al Qudra Holding N.A. N.A. Shuaa Capital 1,000

Al Qudra said on Mar. 2 it was delaying its March IPO to
later this year to take advantage on a new law that allows UAE
IPOs to offer less than 55 percent of share capital.

The firm, which has 30 units operating in real estate,
transport and infrastructure, generated net profit of 703
million dirhams ($191 million) in 2007.

The IPO would be the second-biggest in the UAE after Dubai's
DP World (DPW.DI), which raised almost $5 billion in November.

2008 Aujan Industries N.A. N.A. N.A. N.A.

The Saudi-owned firm, which makes the Vimto drink popular
with Muslims during Ramadan, said on Feb. 28 it delayed its IPO
plan due to volatile markets.

*2009 Zain N.A N.A. N.A. 4,000

Kuwaiti telecommunications firm Zain plans for a listing in
London or on Euronext in 2009.

AFRICA
Jun Lonrho N.A. N.A. N.A. 20

(LONR.L) pounds

The Africa-focused investment group said it planned to float
its mining arm on London's AIM by June.

2008 PSG Group N.A. N.A. N.A. N.A.

(PSGJ.J)

South African financial services group PSG Group shelved its
London IPO listing plan due to market volatility and negative
perceptions of financial institutions due to subprime crisis.
(daisy.ku@thomsonreuters.com; +44 207 542 5106; Reuters
Messaging: daisy.ku.reuters.com@reuters.net))