#IPOs
The MENA IPO market is expected to close out 2024 on a high note, driven by government support for economic diversification and growing interest from regional and global investors in the MENA region’s dynamic opportunities
SEDCO Capital’s new fund is expected to attract both local and international investors, offering them a vehicle to tap into the growing Saudi market
Findings from Edelman Smithfield’s UAE Investor Pulse Survey 2024, show that 67 per cent of respondents agreed that having two distinct exchanges benefits the UAE capital markets
The UAE’s Parkin Company raised the highest proceeds in the region for the quarter at $0.4bn
As financial literacy improves, especially among newer investors, their demands for more sophisticated information will also grow
Growing sophistication across capital markets requires companies to deliver effective financial communications to draw in a new breed of investor to the region
The IPO pipeline will be driven by Saudi Arabia, where 27 companies have announced their intention to list on the Tadawul
ADNOC sold 1.41 billion shares in its maritime logistics unit at Dhs2.01 a share, valuing the company at $4.05bn
Listings in the Middle East have seen strong investor interest
The company set the final offer price at $26.6 a share, raising $710m after a book-building process for institutional investors
Share sales globally plummeted some 70 per cent from a year ago in the first half, to levels not seen in almost two decades
IPOs in the Middle East have fetched $11.4bn in the first five months of the year